Blackstone has won approval from the U.S. Securities and Exchange Commission to launch its newest private credit fund, one of the latest efforts to give individuals access to assets that are mostly backed by institutions.

Blackstone (NYSE:BX) said Monday that the U.S. Securities and Exchange Commission has approved its latest private credit fund. The asset management company said in a statement that the Blackstone Private Multi-Asset Credit and Income Fund (BMACX) aims to provide retail investors with access to the firm’s strategies across its $453B credit platform