Blackstone Entities Update Beneficial Ownership Reporting

TL;DR

**Blackstone entities filed a Form 4, updating beneficial ownership details, but no specific trades were disclosed.**

AI Summary

This Form 4 filing, submitted on March 23, 2026, by Blackstone Private Real Estate Credit & Income Fund, indicates a change in beneficial ownership for multiple Blackstone entities and Stephen A. Schwarzman, the CEO of Blackstone Inc. While the filing itself doesn't detail specific transactions, it updates the reporting status for several related entities, including Blackstone Inc. and Blackstone Group Management L.L.C., all associated with File No. 814-01853. This matters to investors because it signals ongoing internal adjustments in ownership reporting within the Blackstone ecosystem, which can sometimes precede or reflect broader strategic shifts, even if no direct stock trades are disclosed in this particular document.

Why It Matters

This filing updates the public record of who beneficially owns shares, which is crucial for transparency and understanding potential control shifts within Blackstone's complex structure.

Risk Assessment

Risk Level: low — This filing is purely administrative, updating beneficial ownership reporting, and does not indicate any immediate financial risk or opportunity.

Analyst Insight

Investors should note this as a routine administrative update regarding beneficial ownership reporting within the Blackstone structure. It does not signal immediate investment action, but rather ongoing compliance and transparency.

Key Numbers

• 2026-03-23 — Filing Date (Date the Form 4 was filed with the SEC)
• 2026-03-20 — Period of Report (Date for which the ownership changes are being reported)
• 814-01853 — File No. (SEC file number associated with the issuer and reporting entities)

Key Players & Entities

• Blackstone Private Real Estate Credit & Income Fund (company) — Issuer of the filing
• Stephen A. Schwarzman (person) — Reporting person, CEO of Blackstone Inc.
• Blackstone Inc. (company) — Reporting entity
• Blackstone Group Management L.L.C. (company) — Reporting entity
• Blackstone Holdings IV GP Management L.L.C. (company) — Reporting entity
• Blackstone Holdings I L.P. (company) — Reporting entity
• Blackstone Holdings I/II GP L.L.C. (company) — Reporting entity
• Blackstone Holdings IV GP Management (Delaware) L.P. (company) — Reporting entity

FAQ

Filing Documents

• ownership.html (4)
• ownership.xml (4) — 18KB
• 0001213900-26-032972.txt ( ) — 23KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Blackstone Holdings IV GP Management (Delaware) L.P. (Last) (First) (Middle) C/O THE BLACKSTONE GROUP 345 PARK AVE (Street) NEW YORK NEW YORK 10154 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol Blackstone Private Real Estate Credit & Income Fund [ NONE ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below) 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/20/2026 6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Shares of Beneficial Interest 03/20/2026 P 1,912,045.889 A $ 26.15 18,628,294.597 I See Footnotes (1) (3) (4) (5) (6) Common Shares of Beneficial Interest 03/20/2026 P 956,022.945 A $ 26.15 7,117,033.652 I See Footnotes (2) (3) (4) (5) (6) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares 1. Name and Address of Reporting Person * Blackstone Holdings IV GP Management (Delaware) L.P. (Last) (First) (Middle) C/O THE BLACKSTONE GROUP 345 PARK AVE (Street) NEW YORK NEW YORK 10154 (City) (State) (Zip) UNITED STATES (Country) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below) 1. Name and Address of Reporting Person * Blackstone Holdings IV GP Management L.L.C. (Last) (First) (Middle) C/O BLACKSTONE INC. 345 PARK AVENUE (Street) NEW YORK NEW YORK 10154 (City) (State) (Zip) UNITED STATES (Country) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below) 1. Name and Address of Reporting Person * Blackstone Private Multi-Asset Credit & Income Fund (Last) (First) (Middle) C/O BLACKSTONE INC. 345 PARK AVENUE (Street) NEW YORK NEW YORK 10154 (City) (State) (Zip) UNITED STATES (Country) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below) 1. Name and Address of Reporting Person * Blackstone Holdings I L.P. (Last) (First) (Middle) C/O BLACKSTONE INC. 345 PARK AVENUE (Street) NEW YORK NEW YORK 10154 (City) (State) (Zip) UNITED STATES (Country) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below) 1. Name and Address of Reporting Person * Blackstone Holdings I/II GP L.L.C. (Last) (First) (Middle) C/O BLACKSTONE INC. 345 PARK AVENUE (Street) NEW YORK NEW YORK 10154 (City) (State) (Zip) UNITED STATES (Country) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below) 1. Na

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