April 21 - Asset manager Blackstone's private

credit fund BCRED had more than $15 billion of available

liquidity in the first quarter of the year and had reduced its

cost of capital during the period, it said on Tuesday.

The private credit fund said in a filing on Tuesday that it

had secured about $7 billion of new financing and debt

commitments during the quarter. Its aggregate net asset value

was approximately $45 billion and average debt-to-equity

leverage ratio in March was roughly 0.76 times.

The fund said first-quarter results were affected by

unrealized losses on select private portfolio companies and

broadly syndicated loans.

(Reporting by Patturaja Murugaboopoathy in Bengaluru

Editing by David Goodman

)