# EDGAR Filing Document

**Accession Number:** 0002032432
**File Stem:** 0001752724-25-209781
**Filing Date:** 2025-8
**Character Count:** 16038
**Document Hash:** d235674e4cf1c1b9d505b66d25790104
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-209781.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-209781

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Blackstone Private Multi-Asset Credit & Income Fund
- **CENTRAL INDEX KEY:** 0002032432

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23996
- **FILM NUMBER:** 251266475

**BUSINESS ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154
- **BUSINESS PHONE:** 212-503-2100

**MAIL ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Blackstone Private Multi-Asset Credit Fund
- **DATE OF NAME CHANGE:** 20240731

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Blackstone Private Multi-Asset Credit & Income Fund

- **b. Investment Company Act file number:** 811-23996

- **c. CIK number of Registrant:** 0002032432

- **d. LEI of Registrant:** 254900ERSXIIBGU8L036

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 345 Park Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10154

  - **Telephone number:** 212-503-2100

**Item A.2. Information about the Series.**

- **a. Name of Series:** Blackstone Private Multi-Asset Credit & Income Fund

- **c. LEI of Series:** 254900ERSXIIBGU8L036

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $204475859.76

**Total Liabilities:** $42607235.81

**Net Assets:** $161868623.95

**Cash Not Reported:** $24710407.50

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 525.24592000 | **5-Year:** 7407.24187999 | **10-Year:** 9427.73822000 | **30-Year:** 854.21398000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A |  | 1.30%                | 0.90%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $137812.50               | $145781.06                                 |
| Month 3  | $213474.36               | $-65452.45                                 |

### Schedule of Portfolio Investments

| Name                                                  | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Galaxy 35 CLO Ltd.                                    | Galaxy 35 CLO Ltd., Series 2025-35A                       | CUSIP: 362932AC9<br>LEI: 391200IVEMZD61SG5W29 | Long             | ABS-CBDO         | CORP              | KY        |   3722465 | PA      | $3617573.38   | 2.23%             | 2038-04-20      | Variable      | 14.80%                | Yes           |                  3 | On Loan: No      |
| eResearchTechnology, Inc.                             | eResearchTechnology, Inc., Delayed Draw Term Loan         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     67603 | PA      | $66927.22     | 0.04%             | 2032-01-19      | Variable      | 9.08%                 | Yes           |                  3 | On Loan: No      |
| Optus 1011. GmbH                                      | Optus 1011. GmbH, Term Loan                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |   4664668 | PA      | $5393485.73   | 3.33%             | 2032-03-08      | Variable      | 7.03%                 | Yes           |                  3 | On Loan: No      |
| ISQ Hawkeye Holdco, Inc.                              | ISQ Hawkeye Holdco, Inc., Term Loan                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2141328 | PA      | $2141328.42   | 1.32%             | 2031-08-20      | Variable      | 9.12%                 | Yes           |                  3 | On Loan: No      |
| Vertical Topco II SA                                  | Vertical Topco II SA                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | LU        |  10000000 | PA      | $9999999.99   | 6.18%             | 2030-07-29      | Fixed         | 12.00%                | Yes           |                  3 | On Loan: No      |
| ISQ Hawkeye Holdco, Inc.                              | ISQ Hawkeye Holdco, Inc., Delayed Draw Term Loan          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    776013 | PA      | $776013.17    | 0.48%             | 2031-08-20      | Variable      | 9.12%                 | Yes           |                  3 | On Loan: No      |
| HPS Loan Management Ltd.                              | HPS Loan Management Ltd., Series 2024-19A                 | CUSIP: 442912AC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $1337580.00   | 0.83%             | 2037-04-15      | Variable      | 14.20%                | Yes           |                  3 | On Loan: No      |
| Odevo AB                                              | Odevo AB, Delayed Draw Term Loan                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | SE        |     26457 | PA      | $31056.33     | 0.02%             | 2030-12-31      | Variable      | 7.64%                 | Yes           |                  3 | On Loan: No      |
| Galaxy 35 CLO Ltd.                                    | Galaxy 35 CLO Ltd., Series 2025-35A, Class E              | CUSIP: 362932AA3<br>LEI: 391200IVEMZD61SG5W29 | Long             | ABS-CBDO         | CORP              | KY        |   1277535 | PA      | $1281936.11   | 0.79%             | 2038-04-20      | Variable      | 9.28%                 | Yes           |                  3 | On Loan: No      |
| eResearchTechnology, Inc.                             | eResearchTechnology, Inc., Delayed Draw Term Loan         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    425468 | PA      | $421213.17    | 0.26%             | 2032-01-19      | Variable      | 9.08%                 | Yes           |                  3 | On Loan: No      |
| Odevo AB                                              | Odevo AB, Term Loan                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | SE        |     12918 | PA      | $17701.74     | 0.01%             | 2030-12-31      | Variable      | 9.72%                 | Yes           |                  3 | On Loan: No      |
| ISQ Hawkeye Holdco, Inc.                              | ISQ Hawkeye Holdco, Inc., Delayed Draw Term Loan          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     79162 | PA      | $79161.77     | 0.05%             | 2031-08-20      | Variable      | 9.12%                 | Yes           |                  3 | On Loan: No      |
| AS Renewable Technologies Holdings LLC                | AS Renewable Technologies Holdings LLC, Term Loan         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4595944 | PA      | $4595943.62   | 2.84%             | 2029-10-07      | Variable      | 11.03%                | Yes           |                  3 | On Loan: No      |
| Odevo AB                                              | Odevo AB, Term Loan                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | SE        |     14797 | PA      | $17369.38     | 0.01%             | 2030-12-31      | Variable      | 7.45%                 | Yes           |                  3 | On Loan: No      |
| Odevo AB                                              | Odevo AB, Term Loan                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | SE        |   2888319 | PA      | $303063.81    | 0.19%             | 2030-12-31      | Variable      | 7.74%                 | Yes           |                  3 | On Loan: No      |
| ISQ Hawkeye Holdco, Inc.                              | ISQ Hawkeye Holdco, Inc., Revolving Term Loan             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    109206 | PA      | $109206.41    | 0.07%             | 2030-08-20      | Variable      | 9.12%                 | Yes           |                  3 | On Loan: No      |
| Ground Penetrating Radar Systems LLC                  | Ground Penetrating Radar Systems LLC, Revolving Term Loan | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     55137 | PA      | $54723.62     | 0.03%             | 2032-01-02      | Variable      | 8.80%                 | Yes           |                  3 | On Loan: No      |
| Galileo Parent, Inc.                                  | Galileo Parent, Inc., Revolving Term Loan                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    332739 | PA      | $332738.70    | 0.21%             | 2029-05-03      | Variable      | 10.05%                | Yes           |                  3 | On Loan: No      |
| IRI Group Holdings, Inc.                              | IRI Group Holdings, Inc., Term Loan                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1810190 | PA      | $1810190.38   | 1.12%             | 2029-12-01      | Variable      | 8.83%                 | Yes           |                  3 | On Loan: No      |
| Blackstone Private Credit Fund                        | Blackstone Private Credit Fund, Class I                   | CUSIP: 09261H305<br>LEI: 549300ORP3TTCNXSYO43 | Long             |  | RF                | US        |   2183406 | NS      | $55000000.01  | 33.98%            |  |  |  | Yes           |                  3 | On Loan: No      |
| Dropbox, Inc.                                         | Dropbox, Inc., Term Loan                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1058838 | PA      | $1048249.80   | 0.65%             | 2029-12-10      | Variable      | 10.69%                | Yes           |                  3 | On Loan: No      |
| Blackstone Private Real Estate Credit and Income Fund | Blackstone Private Real Estate Credit and Income Fund     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | RF                | US        |   1793543 | NS      | $45053806.29  | 27.83%            |  |  |  | Yes           |                  3 | On Loan: No      |
| Pibb Member Holdings LLC                              | Pibb Member LLC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |  10000000 | NS      | $9741000.00   | 6.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Jupiter Purchaser LLC                                 | Jupiter Purchaser LLC, Term Loan                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2993231 | PA      | $2993230.67   | 1.85%             | 2031-11-08      | Variable      | 9.55%                 | Yes           |                  3 | On Loan: No      |
| Ground Penetrating Radar Systems LLC                  | Ground Penetrating Radar Systems LLC, Term Loan           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2867132 | PA      | $2845628.30   | 1.76%             | 2032-01-02      | Variable      | 8.80%                 | Yes           |                  3 | On Loan: No      |
| Galileo Parent, Inc.                                  | Galileo Parent, Inc., Term Loan                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3206227 | PA      | $3206226.59   | 1.98%             | 2030-05-03      | Variable      | 10.05%                | Yes           |                  3 | On Loan: No      |
| eResearchTechnology, Inc.                             | eResearchTechnology, Inc., Term Loan                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2562477 | PA      | $2536852.05   | 1.57%             | 2032-01-15      | Variable      | 9.08%                 | Yes           |                  3 | On Loan: No      |
| Regatta Kilo                                          | Regatta Kilo                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    634375 | NS      | $634375.00    | 0.39%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Odevo AB                                              | Odevo AB, Term Loan                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | SE        |   1666380 | PA      | $1666380.29   | 1.03%             | 2030-12-31      | Variable      | 9.82%                 | Yes           |                  3 | On Loan: No      |
| Rossini SARL                                          | Rossini SARL                                              | CUSIP: N/A<br>LEI: 549300EC5JCCW6F83R11       | Long             | DBT              | CORP              | LU        |   6670817 | PA      | $7713879.94   | 4.77%             | 2030-03-30      | Variable      | 9.19%                 | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Blackstone Private Multi-Asset Credit & Income Fund

**Signature:** Gregory Roppa

**Name of Signer:** Gregory Roppa

**Title:** Chief Accounting Officer