While public markets grappled with inflation prints, shifting rate expectations, and narrow leadership in stocks, private investments quietly continued doing what they’re built to do: generate consistent income, capture long-term growth, and smooth out portfolio volatility.
August saw steady gains across private credit and real estate, while private equity came in strong with one fund delivering its best monthly performance in over a year. Together, these funds continue to demonstrate why disciplined private market exposure remains a core component of resilient wealth planning.
Private Real Estate: Quietly Cash-Flowing
Blackstone REIT (BREIT) posted another consistent month with a +0.48% return, now +4.09% YTD. With continued strength in rental housing, logistics, and data centers — and minimal exposure to challenged sectors like office — BREIT remains well positioned to benefit from long-term demographic trends.
Nuveen Global Cities REIT (GCREIT) also returned +0.46%, now +2.68% YTD, with a stable 5.55% distribution yield. Global diversification and disciplined underwriting remain key advantages, with industrial and healthcare assets providing stability across regions.
Private Credit: Income That Keeps Coming
Blackstone Private Credit (BCRED) returned +0.60%, now +5.80% YTD, with a 10.5% yield. The floating-rate, senior secured structure continues to generate strong income, even as macro uncertainty lingers.
Blue Owl OCIC added +0.64%, now +5.46% YTD, with a 10.26% yield. The fund’s middle-market loan book remains resilient, supported by conservative underwriting and a focus on defensive industries.
Carlyle Tactical Credit (C•TAC) delivered +0.61%, lifting YTD returns to +4.51%, with a 9.63% annualized yield. Tactical allocation continues to be the fund’s edge — blending direct lending, opportunistic credit, and asset-backed finance as conditions evolve.
Private Equity: A Standout Month for BPIF
BlackRock Private Investment Fund (BPIF) surged +3.27% in August, bringing its year-to-date performance to +9.87%. That makes BPIF one of the top-performing allocations across all holdings this year. The strong result came from positive revaluations in several direct holdings and improved secondary market pricing — underscoring the long-term value of combining primary and secondary exposure in a single vehicle.
iDirect Private Markets Fund also had a notable month, returning +1.37%, lifting YTD private market performance to +8.20%. The fund continues to benefit from allocations to top-tier sponsors such as KKR, Warburg Pincus, and Vista Equity, with a focus on enterprise software and business services. While public equity indices have been dominated by just a few names, private equity’s diversification is delivering results more broadly.
August 2025 Private Market Performance Snapshot
| Fund | August | YTD | Annualized Dividend Rate |
|---|---|---|---|
| Blackstone REIT (BREIT)1 | 0.48% | 4.09% | 4.80% |
| Nuveen Global Cities REIT2 | 0.46% | 2.68% | 5.55% |
| Blackstone Private Credit3 | 0.60% | 5.80% | 10.5% |
| Carlyle Tactical Credit (C•TAC)4 | 0.61% | 4.51% | 9.63% |
| Blue Owl OCIC5 | 0.64% | 5.46% | 10.26% |
| iDirect Private Markets Fund6 | 1.37% | 8.20% | N/A |
| BlackRock Private Investment7 Fund (BPIF) | 3.27% | 9.87% | N/A |
Conclusion: No Drama, Just Progress
When volatility dominates headlines, private investments offer something different: structure, strategy, and steady execution. Whether it’s the dependable income from private credit, the global diversification of real estate, or the long-term upside of private equity August reinforced the case for keeping private market performance as a core component of a well-diversified portfolio. For more insights on how these strategies can optimize your wealth plan, visit the 9M Investments and get a free assessment.
- https://www.breit.com/performance/
- https://www.nuveen.com/gcreit/performance
- https://www.bcred.com/performance/
- https://www.carlyle.com/ctac
- https://ocic.com
- https://idirectpmfund.com/idirect-pm-fund/performance/#performance
- https://bpif.com/portfolio-and-performance/default.aspx
This content is developed from sources believed to be providing accurate information. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.