Blackstone Credit Agreement

Blackstone Credit is one of the world`s largest asset managers, with $135 billion in AUM and a team of more than 350 professionals (as of September 30, 2020). Its strategies cover the corporate credit market, with leading positions in both liquid and private markets. Kate Holderness Kate.holderness@blackstone.com 917-318-6818 NEW YORK—BLACKSTONE (NYSE:BX) announced today that she has agreed to acquire DCI, a pioneer in quantitative credit investment with approximately AUM$7.5 billion in global investment, high quality and credit markets to emerging companies. Based in San Francisco, the company uses a basic, technology-based model to provide differentiated returns. The CDI is led by a team of experienced professionals who are recognized experts in the field of fixed and systematic income research. DCI is an independent asset management company specializing in investment grades, high yield and corporate credit strategies in emerging countries. The company manages long and long/short strategies for some of the world`s largest institutional and private investors. The CDI takes a basic systematic approach to exploiting potential inefficiencies in business credit markets. In 2019, ICD received the “Corporate Credit – Market Neutral, Best Performing Fund in 2019 and over 2, 3, 4, 5 and 7 years” for the DCI Market Neutral Credit Fund (OPCVM).

This is the fourth consecutive year in which the CDI has received this award. The CDI was co-founded in 2004 by Stephen Kealhofer, Mac McQuown and David Solo. Tim Kasta, CEO of ICD, said: “The blackstone Credit membership will provide LCI`s team and investors with access to unprecedented institutional resources and asset management know-how and accelerate the development of innovative business credit solutions.” Blackstone is one of the world`s leading investment companies. We strive to create positive economic benefits and long-term value for our investors, the companies we invest in and the communities in which we work. We do this by using exceptional employees and flexible capital to help companies solve problems. Our $584 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, life sciences, growth capital, opportunistic loans, uninvested loans, real assets and secondary funds, all on a global basis. For more information, see www.blackstone.com. Follow Blackstone on Twitter @Blackstone. Dwight Scott, Global Head of Blackstone Credit, said: “The CDI has more than 15 years of success in developing and implementing technology strategies and is at the forefront of the shift towards quantitative investments in the corporate bond market. The ICD will strengthen and differentiate the solutions we offer to our private, institutional and insurer clients. CDI is part of Blackstone Credit, a global leader in private lending, syndicated loan lending and secured credit commitments.

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