Adding to the challenges, Blackstone's private-credit business is facing pressure. As highlighted by The Wall Street Journal, two companies it lent to, Medallia and Affordable Care, are unable to repay billions in borrowed funds. This situation creates a difficult environment for private-credit lenders and contributes to a weaker stock outlook for the firm. Despite these issues, Blackstone's growth is supported by rising assets under management and associated fees. Blackstone Inc. also holds $213.30 billion ...