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<!--Generated by DFIN XBRL Instance Document - http://www.dfinsolutions.com/ - Version R3.0 - on 01-May-2026 [12:11:38] {AM}-->
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        <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link" >
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          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_RisksRelatedToDebtFinancingMember" xml:lang="en-US">Risks Related to Debt Financing [Member]</link:label>
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          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bcred_RisksRelatedToDebtFinancingMember" xml:lang="en-US">Risks related to debt financing.</link:label>
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_RisksRelatedToOurBusinessAndStructureMember" xlink:label="loc_bcred_RisksRelatedToOurBusinessAndStructureMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_RisksRelatedToOurBusinessAndStructureMember" xml:lang="en-US">Risks Related to Our Business and Structure [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_RisksRelatedToOurBusinessAndStructureMember" xlink:to="lab_bcred_RisksRelatedToOurBusinessAndStructureMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bcred_RisksRelatedToOurBusinessAndStructureMember" xml:lang="en-US">Risks related to our business and structure.</link:label>
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          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_RisksRelatedToOurInvestmentsMember" xlink:to="lab_bcred_RisksRelatedToOurInvestmentsMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_bcred_RisksRelatedToOurInvestmentsMember" xml:lang="en-US">Risks related to our investments.</link:label>
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          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_RisksRelatedToTheAdvisersAndTheirAffiliatesMember" xml:lang="en-US">Risks Related to the Advisers and Their Affiliates [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_RisksRelatedToTheAdvisersAndTheirAffiliatesMember" xlink:to="lab_bcred_RisksRelatedToTheAdvisersAndTheirAffiliatesMember" />
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          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_BardPeakFundingFacilityMember" xlink:to="lab_bcred_BardPeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_BearPeakFundingFacilityMember" xlink:label="loc_bcred_BearPeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_BearPeakFundingFacilityMember" xml:lang="en-US">Bear Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_BearPeakFundingFacilityMember" xlink:to="lab_bcred_BearPeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_BisonPeakFundingFacilityMember" xlink:label="loc_bcred_BisonPeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_BisonPeakFundingFacilityMember" xml:lang="en-US">Bison Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_BisonPeakFundingFacilityMember" xlink:to="lab_bcred_BisonPeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_BlancaPeakFundingFacilityMember" xlink:label="loc_bcred_BlancaPeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_BlancaPeakFundingFacilityMember" xml:lang="en-US">Blanca Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_BlancaPeakFundingFacilityMember" xlink:to="lab_bcred_BlancaPeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_BorahPeakFundingFacilityMember" xlink:label="loc_bcred_BorahPeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_BorahPeakFundingFacilityMember" xml:lang="en-US">Borah Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_BorahPeakFundingFacilityMember" xlink:to="lab_bcred_BorahPeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_BushnellPeakFundingFacilityMember" xlink:label="loc_bcred_BushnellPeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_BushnellPeakFundingFacilityMember" xml:lang="en-US">Bushnell Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_BushnellPeakFundingFacilityMember" xlink:to="lab_bcred_BushnellPeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_ClassDSharesMember" xlink:label="loc_bcred_ClassDSharesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_ClassDSharesMember" xml:lang="en-US">Class D Shares [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_ClassDSharesMember" xlink:to="lab_bcred_ClassDSharesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_ClassISharesMember" xlink:label="loc_bcred_ClassISharesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_ClassISharesMember" xml:lang="en-US">Class I Shares [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_ClassISharesMember" xlink:to="lab_bcred_ClassISharesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_ClassSSharesMember" xlink:label="loc_bcred_ClassSSharesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_ClassSSharesMember" xml:lang="en-US">Class S Shares [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_ClassSSharesMember" xlink:to="lab_bcred_ClassSSharesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_CastlePeakFundingFacilityMember" xlink:label="loc_bcred_CastlePeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_CastlePeakFundingFacilityMember" xml:lang="en-US">Castle Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_CastlePeakFundingFacilityMember" xlink:to="lab_bcred_CastlePeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_CommonSharesMember" xlink:label="loc_bcred_CommonSharesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_CommonSharesMember" xml:lang="en-US">Common Shares [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_CommonSharesMember" xlink:to="lab_bcred_CommonSharesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_DecemberTwoThousandTwentySixNotesMember" xlink:label="loc_bcred_DecemberTwoThousandTwentySixNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_DecemberTwoThousandTwentySixNotesMember" xml:lang="en-US">December Two Thousand Twenty Six Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_DecemberTwoThousandTwentySixNotesMember" xlink:to="lab_bcred_DecemberTwoThousandTwentySixNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_DenaliPeakFundingFacilityMember" xlink:label="loc_bcred_DenaliPeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_DenaliPeakFundingFacilityMember" xml:lang="en-US">Denali Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_DenaliPeakFundingFacilityMember" xlink:to="lab_bcred_DenaliPeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_GranitePeakFundingFacilityMember" xlink:label="loc_bcred_GranitePeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_GranitePeakFundingFacilityMember" xml:lang="en-US">Granite Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_GranitePeakFundingFacilityMember" xlink:to="lab_bcred_GranitePeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_HaydonPeakFundingFacilityMember" xlink:label="loc_bcred_HaydonPeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_HaydonPeakFundingFacilityMember" xml:lang="en-US">Haydon Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_HaydonPeakFundingFacilityMember" xlink:to="lab_bcred_HaydonPeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_JanuaryTwoThousandThirtyOneNotesMember" xlink:label="loc_bcred_JanuaryTwoThousandThirtyOneNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_JanuaryTwoThousandThirtyOneNotesMember" xml:lang="en-US">January Two Thousand Thirty One Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_JanuaryTwoThousandThirtyOneNotesMember" xlink:to="lab_bcred_JanuaryTwoThousandThirtyOneNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_JanuaryTwoThousandThirtyTwoNotesMember" xlink:label="loc_bcred_JanuaryTwoThousandThirtyTwoNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_JanuaryTwoThousandThirtyTwoNotesMember" xml:lang="en-US">January Two Thousand Thirty Two Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_JanuaryTwoThousandThirtyTwoNotesMember" xlink:to="lab_bcred_JanuaryTwoThousandThirtyTwoNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_JanuaryTwoThousandTwentyFiveNotesMember" xlink:label="loc_bcred_JanuaryTwoThousandTwentyFiveNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_JanuaryTwoThousandTwentyFiveNotesMember" xml:lang="en-US">January Two Thousand Twenty Five Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_JanuaryTwoThousandTwentyFiveNotesMember" xlink:to="lab_bcred_JanuaryTwoThousandTwentyFiveNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_JanuaryTwoThousandTwentyNineNotesMember" xlink:label="loc_bcred_JanuaryTwoThousandTwentyNineNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_JanuaryTwoThousandTwentyNineNotesMember" xml:lang="en-US">January Two Thousand Twenty Nine Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_JanuaryTwoThousandTwentyNineNotesMember" xlink:to="lab_bcred_JanuaryTwoThousandTwentyNineNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_JulyTwoThousandTwentyNineNotesMember" xlink:label="loc_bcred_JulyTwoThousandTwentyNineNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_JulyTwoThousandTwentyNineNotesMember" xml:lang="en-US">July Two Thousand Twenty Nine Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_JulyTwoThousandTwentyNineNotesMember" xlink:to="lab_bcred_JulyTwoThousandTwentyNineNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_JuneTwoThousandTwentyFourNotesMember" xlink:label="loc_bcred_JuneTwoThousandTwentyFourNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_JuneTwoThousandTwentyFourNotesMember" xml:lang="en-US">June Two Thousand Twenty Four Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_JuneTwoThousandTwentyFourNotesMember" xlink:to="lab_bcred_JuneTwoThousandTwentyFourNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_MarchTwoThousandThirtyOneFivePointFiveFourPercentNotesMember" xlink:label="loc_bcred_MarchTwoThousandThirtyOneFivePointFiveFourPercentNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_MarchTwoThousandThirtyOneFivePointFiveFourPercentNotesMember" xml:lang="en-US">March Two Thousand Thirty One Five Point Five Four Percent Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_MarchTwoThousandThirtyOneFivePointFiveFourPercentNotesMember" xlink:to="lab_bcred_MarchTwoThousandThirtyOneFivePointFiveFourPercentNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_MarchTwoThousandThirtyThreeNotesMember" xlink:label="loc_bcred_MarchTwoThousandThirtyThreeNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_MarchTwoThousandThirtyThreeNotesMember" xml:lang="en-US">March Two Thousand Thirty Three Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_MarchTwoThousandThirtyThreeNotesMember" xlink:to="lab_bcred_MarchTwoThousandThirtyThreeNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_MarchTwoThousandTwentyFiveNotesMember" xlink:label="loc_bcred_MarchTwoThousandTwentyFiveNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_MarchTwoThousandTwentyFiveNotesMember" xml:lang="en-US">March Two Thousand Twenty Five Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_MarchTwoThousandTwentyFiveNotesMember" xlink:to="lab_bcred_MarchTwoThousandTwentyFiveNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_MarchTwoThousandTwentySevenNotesMember" xlink:label="loc_bcred_MarchTwoThousandTwentySevenNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_MarchTwoThousandTwentySevenNotesMember" xml:lang="en-US">March Two Thousand Twenty Seven Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_MarchTwoThousandTwentySevenNotesMember" xlink:to="lab_bcred_MarchTwoThousandTwentySevenNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_MaroonPeakFundingFacilityMember" xlink:label="loc_bcred_MaroonPeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_MaroonPeakFundingFacilityMember" xml:lang="en-US">Maroon Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_MaroonPeakFundingFacilityMember" xlink:to="lab_bcred_MaroonPeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_MayTwoThousandTwentySevenNotesMember" xlink:label="loc_bcred_MayTwoThousandTwentySevenNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_MayTwoThousandTwentySevenNotesMember" xml:lang="en-US">May Two Thousand Twenty Seven Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_MayTwoThousandTwentySevenNotesMember" xlink:to="lab_bcred_MayTwoThousandTwentySevenNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_MeridianPeakFundingFacilityMember" xlink:label="loc_bcred_MeridianPeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_MeridianPeakFundingFacilityMember" xml:lang="en-US">Meridian Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_MeridianPeakFundingFacilityMember" xlink:to="lab_bcred_MeridianPeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_MiddlePeakFundingFacilityMember" xlink:label="loc_bcred_MiddlePeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_MiddlePeakFundingFacilityMember" xml:lang="en-US">Middle Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_MiddlePeakFundingFacilityMember" xlink:to="lab_bcred_MiddlePeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_MmlTwoThousandTwentyOneOneDebtMember" xlink:label="loc_bcred_MmlTwoThousandTwentyOneOneDebtMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_MmlTwoThousandTwentyOneOneDebtMember" xml:lang="en-US">MML Two Thousand Twenty One One Debt [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_MmlTwoThousandTwentyOneOneDebtMember" xlink:to="lab_bcred_MmlTwoThousandTwentyOneOneDebtMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_MmlTwoThousandTwentyTwoOneDebtMember" xlink:label="loc_bcred_MmlTwoThousandTwentyTwoOneDebtMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_MmlTwoThousandTwentyTwoOneDebtMember" xml:lang="en-US">MML Two Thousand Twenty Two One Debt [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_MmlTwoThousandTwentyTwoOneDebtMember" xlink:to="lab_bcred_MmlTwoThousandTwentyTwoOneDebtMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_MmlTwoThousandTwentyTwoTwoDebtMember" xlink:label="loc_bcred_MmlTwoThousandTwentyTwoTwoDebtMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_MmlTwoThousandTwentyTwoTwoDebtMember" xml:lang="en-US">MML Two Thousand Twenty Two Two Debt [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_MmlTwoThousandTwentyTwoTwoDebtMember" xlink:to="lab_bcred_MmlTwoThousandTwentyTwoTwoDebtMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_MonarchPeakFundingFacilityMember" xlink:label="loc_bcred_MonarchPeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_MonarchPeakFundingFacilityMember" xml:lang="en-US">Monarch Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_MonarchPeakFundingFacilityMember" xlink:to="lab_bcred_MonarchPeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_NaomiPeakFundingFacilityMember" xlink:label="loc_bcred_NaomiPeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_NaomiPeakFundingFacilityMember" xml:lang="en-US">Naomi Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_NaomiPeakFundingFacilityMember" xlink:to="lab_bcred_NaomiPeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_NovemberTwoThousandThirtyFourNotesMember" xlink:label="loc_bcred_NovemberTwoThousandThirtyFourNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_NovemberTwoThousandThirtyFourNotesMember" xml:lang="en-US">November Two Thousand Thirty Four Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_NovemberTwoThousandThirtyFourNotesMember" xlink:to="lab_bcred_NovemberTwoThousandThirtyFourNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_NovemberTwoThousandTwentyEightNotesMember" xlink:label="loc_bcred_NovemberTwoThousandTwentyEightNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_NovemberTwoThousandTwentyEightNotesMember" xml:lang="en-US">November Two Thousand Twenty Eight Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_NovemberTwoThousandTwentyEightNotesMember" xlink:to="lab_bcred_NovemberTwoThousandTwentyEightNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_NovemberTwoThousandTwentyFourNotesMember" xlink:label="loc_bcred_NovemberTwoThousandTwentyFourNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_NovemberTwoThousandTwentyFourNotesMember" xml:lang="en-US">November Two Thousand Twenty Four Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_NovemberTwoThousandTwentyFourNotesMember" xlink:to="lab_bcred_NovemberTwoThousandTwentyFourNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_NovemberTwoThousandTwentyNineNotesMember" xlink:label="loc_bcred_NovemberTwoThousandTwentyNineNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_NovemberTwoThousandTwentyNineNotesMember" xml:lang="en-US">November Two Thousand Twenty Nine Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_NovemberTwoThousandTwentyNineNotesMember" xlink:to="lab_bcred_NovemberTwoThousandTwentyNineNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_NovemberTwoThousandTwentySixEurobondsMember" xlink:label="loc_bcred_NovemberTwoThousandTwentySixEurobondsMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_NovemberTwoThousandTwentySixEurobondsMember" xml:lang="en-US">November Two Thousand Twenty Six Eurobonds [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_NovemberTwoThousandTwentySixEurobondsMember" xlink:to="lab_bcred_NovemberTwoThousandTwentySixEurobondsMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_OctoberTwoThousandTwentySevenNotesMember" xlink:label="loc_bcred_OctoberTwoThousandTwentySevenNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_OctoberTwoThousandTwentySevenNotesMember" xml:lang="en-US">October Two Thousand Twenty Seven Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_OctoberTwoThousandTwentySevenNotesMember" xlink:to="lab_bcred_OctoberTwoThousandTwentySevenNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_OtherTermsOfCommonSharesMember" xlink:label="loc_bcred_OtherTermsOfCommonSharesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_OtherTermsOfCommonSharesMember" xml:lang="en-US">Other Terms of Common Shares [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_OtherTermsOfCommonSharesMember" xlink:to="lab_bcred_OtherTermsOfCommonSharesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_PhoenixPeakFundingFacilityMember" xlink:label="loc_bcred_PhoenixPeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_PhoenixPeakFundingFacilityMember" xml:lang="en-US">Phoenix Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_PhoenixPeakFundingFacilityMember" xlink:to="lab_bcred_PhoenixPeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_PreferredSharesMember" xlink:label="loc_bcred_PreferredSharesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_PreferredSharesMember" xml:lang="en-US">Preferred Shares [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_PreferredSharesMember" xlink:to="lab_bcred_PreferredSharesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_RevolvingCreditFacilitysMember" xlink:label="loc_bcred_RevolvingCreditFacilitysMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_RevolvingCreditFacilitysMember" xml:lang="en-US">Revolving Credit Facilitys [Member]</link:label>
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_bcred_RevolvingCreditFacilitysMember" xml:lang="en-US">Revolving Credit Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_RevolvingCreditFacilitysMember" xlink:to="lab_bcred_RevolvingCreditFacilitysMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_SeptemberTwoThousandThirtyNotesMember" xlink:label="loc_bcred_SeptemberTwoThousandThirtyNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_SeptemberTwoThousandThirtyNotesMember" xml:lang="en-US">September Two Thousand Thirty Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_SeptemberTwoThousandThirtyNotesMember" xlink:to="lab_bcred_SeptemberTwoThousandThirtyNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_SeptemberTwoThousandTwentyFiveNotesMember" xlink:label="loc_bcred_SeptemberTwoThousandTwentyFiveNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_SeptemberTwoThousandTwentyFiveNotesMember" xml:lang="en-US">September Two Thousand Twenty Five Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_SeptemberTwoThousandTwentyFiveNotesMember" xlink:to="lab_bcred_SeptemberTwoThousandTwentyFiveNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_SeptemberTwoThousandTwentyFourNotesMember" xlink:label="loc_bcred_SeptemberTwoThousandTwentyFourNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_SeptemberTwoThousandTwentyFourNotesMember" xml:lang="en-US">September Two Thousand Twenty Four Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_SeptemberTwoThousandTwentyFourNotesMember" xlink:to="lab_bcred_SeptemberTwoThousandTwentyFourNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_SeptemberTwoThousandTwentySevenNotesMember" xlink:label="loc_bcred_SeptemberTwoThousandTwentySevenNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_SeptemberTwoThousandTwentySevenNotesMember" xml:lang="en-US">September Two Thousand Twenty Seven Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_SeptemberTwoThousandTwentySevenNotesMember" xlink:to="lab_bcred_SeptemberTwoThousandTwentySevenNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_ShorttermBorrowingsMember" xlink:label="loc_bcred_ShorttermBorrowingsMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_ShorttermBorrowingsMember" xml:lang="en-US">ShortTerm Borrowings [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_ShorttermBorrowingsMember" xlink:to="lab_bcred_ShorttermBorrowingsMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_SummitPeakFundingFacilityMember" xlink:label="loc_bcred_SummitPeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_SummitPeakFundingFacilityMember" xml:lang="en-US">Summit Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_SummitPeakFundingFacilityMember" xlink:to="lab_bcred_SummitPeakFundingFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_TwoThousandTwentyFiveBslNotesMember" xlink:label="loc_bcred_TwoThousandTwentyFiveBslNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_TwoThousandTwentyFiveBslNotesMember" xml:lang="en-US">Two Thousand Twenty Five BSL Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_TwoThousandTwentyFiveBslNotesMember" xlink:to="lab_bcred_TwoThousandTwentyFiveBslNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_TwoThousandTwentyFiveLenderFinanceNotesMember" xlink:label="loc_bcred_TwoThousandTwentyFiveLenderFinanceNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_TwoThousandTwentyFiveLenderFinanceNotesMember" xml:lang="en-US">Two Thousand Twenty Five Lender Finance Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_TwoThousandTwentyFiveLenderFinanceNotesMember" xlink:to="lab_bcred_TwoThousandTwentyFiveLenderFinanceNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_TwoThousandTwentyFiveOneNotesMember" xlink:label="loc_bcred_TwoThousandTwentyFiveOneNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_TwoThousandTwentyFiveOneNotesMember" xml:lang="en-US">Two Thousand Twenty Five One Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_TwoThousandTwentyFiveOneNotesMember" xlink:to="lab_bcred_TwoThousandTwentyFiveOneNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_TwoThousandTwentyFiveTwoLenderFinanceFacilityMember" xlink:label="loc_bcred_TwoThousandTwentyFiveTwoLenderFinanceFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_TwoThousandTwentyFiveTwoLenderFinanceFacilityMember" xml:lang="en-US">Two Thousand Twenty Five Two Lender Finance Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_TwoThousandTwentyFiveTwoLenderFinanceFacilityMember" xlink:to="lab_bcred_TwoThousandTwentyFiveTwoLenderFinanceFacilityMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_TwoThousandTwentyFourOneNotesMember" xlink:label="loc_bcred_TwoThousandTwentyFourOneNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_TwoThousandTwentyFourOneNotesMember" xml:lang="en-US">Two Thousand Twenty Four One Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_TwoThousandTwentyFourOneNotesMember" xlink:to="lab_bcred_TwoThousandTwentyFourOneNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_TwoThousandTwentyFourTwoNotesMember" xlink:label="loc_bcred_TwoThousandTwentyFourTwoNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_TwoThousandTwentyFourTwoNotesMember" xml:lang="en-US">Two Thousand Twenty Four Two Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_TwoThousandTwentyFourTwoNotesMember" xlink:to="lab_bcred_TwoThousandTwentyFourTwoNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_TwoThousandTwentyOneOneBslNotesMember" xlink:label="loc_bcred_TwoThousandTwentyOneOneBslNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_TwoThousandTwentyOneOneBslNotesMember" xml:lang="en-US">Two Thousand Twenty One One BSL Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_TwoThousandTwentyOneOneBslNotesMember" xlink:to="lab_bcred_TwoThousandTwentyOneOneBslNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_TwoThousandTwentyOneTwoNotesMember" xlink:label="loc_bcred_TwoThousandTwentyOneTwoNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_TwoThousandTwentyOneTwoNotesMember" xml:lang="en-US">Two Thousand Twenty One Two Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_TwoThousandTwentyOneTwoNotesMember" xlink:to="lab_bcred_TwoThousandTwentyOneTwoNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_TwoThousandTwentySixNotesMember" xlink:label="loc_bcred_TwoThousandTwentySixNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_TwoThousandTwentySixNotesMember" xml:lang="en-US">Two Thousand Twenty Six Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_TwoThousandTwentySixNotesMember" xlink:to="lab_bcred_TwoThousandTwentySixNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_TwoThousandTwentyThreeOneNotesMember" xlink:label="loc_bcred_TwoThousandTwentyThreeOneNotesMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_TwoThousandTwentyThreeOneNotesMember" xml:lang="en-US">Two Thousand Twenty Three One Notes [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_TwoThousandTwentyThreeOneNotesMember" xlink:to="lab_bcred_TwoThousandTwentyThreeOneNotesMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_TwoThousandTwentyTwoOneBslDebtMember" xlink:label="loc_bcred_TwoThousandTwentyTwoOneBslDebtMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_TwoThousandTwentyTwoOneBslDebtMember" xml:lang="en-US">Two Thousand Twenty Two One BSL Debt [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_TwoThousandTwentyTwoOneBslDebtMember" xlink:to="lab_bcred_TwoThousandTwentyTwoOneBslDebtMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_TwoThousandTwentyTwoOneBslWhMember" xlink:label="loc_bcred_TwoThousandTwentyTwoOneBslWhMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_TwoThousandTwentyTwoOneBslWhMember" xml:lang="en-US">Two Thousand Twenty Two One BSL WH [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_TwoThousandTwentyTwoOneBslWhMember" xlink:to="lab_bcred_TwoThousandTwentyTwoOneBslWhMember" />
          <link:loc xlink:type="locator" xlink:href="bcred-20260501.xsd#bcred_WindomPeakFundingFacilityMember" xlink:label="loc_bcred_WindomPeakFundingFacilityMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_bcred_WindomPeakFundingFacilityMember" xml:lang="en-US">Windom Peak Funding Facility [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bcred_WindomPeakFundingFacilityMember" xlink:to="lab_bcred_WindomPeakFundingFacilityMember" />
        </link:labelLink>
      </link:linkbase>
    </appinfo>
  </annotation>
  <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
  <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
  <import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" />
  <import namespace="http://xbrl.sec.gov/dei/2025" schemaLocation="https://xbrl.sec.gov/dei/2025/dei-2025.xsd" />
  <import namespace="http://www.xbrl.org/dtr/type/2024-01-31" schemaLocation="https://www.xbrl.org/dtr/type/2024-01-31/types.xsd" />
  <import namespace="http://xbrl.sec.gov/cef/2025" schemaLocation="https://xbrl.sec.gov/cef/2025/cef-2025.xsd" />
  <import namespace="http://xbrl.sec.gov/cef-pre/2025" schemaLocation="https://xbrl.sec.gov/cef/2025/cef-2025_pre.xsd" />
  <element name="ClassDSharesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_ClassDSharesMember" substitutionGroup="xbrli:item" />
  <element name="ClassISharesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_ClassISharesMember" substitutionGroup="xbrli:item" />
  <element name="ClassSSharesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_ClassSSharesMember" substitutionGroup="xbrli:item" />
  <element name="ExpensesAssumingA5.0AnnualReturnSolelyFromNetRealizedCapitalGainsMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_ExpensesAssumingA5.0AnnualReturnSolelyFromNetRealizedCapitalGainsMember" substitutionGroup="xbrli:item" />
  <element name="ExpensesOnA1000InvestmentAssumingA5.0AnnualReturnFromNetInvestmentIncomeMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_ExpensesOnA1000InvestmentAssumingA5.0AnnualReturnFromNetInvestmentIncomeMember" substitutionGroup="xbrli:item" />
  <element name="AprilTwoThousandTwentySixUkBondsMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_AprilTwoThousandTwentySixUkBondsMember" substitutionGroup="xbrli:item" />
  <element name="AprilTwoThousandThirtyNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_AprilTwoThousandThirtyNotesMember" substitutionGroup="xbrli:item" />
  <element name="BushnellPeakFundingFacilityMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_BushnellPeakFundingFacilityMember" substitutionGroup="xbrli:item" />
  <element name="BorahPeakFundingFacilityMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_BorahPeakFundingFacilityMember" substitutionGroup="xbrli:item" />
  <element name="BlancaPeakFundingFacilityMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_BlancaPeakFundingFacilityMember" substitutionGroup="xbrli:item" />
  <element name="BisonPeakFundingFacilityMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_BisonPeakFundingFacilityMember" substitutionGroup="xbrli:item" />
  <element name="CastlePeakFundingFacilityMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_CastlePeakFundingFacilityMember" substitutionGroup="xbrli:item" />
  <element name="HaydonPeakFundingFacilityMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_HaydonPeakFundingFacilityMember" substitutionGroup="xbrli:item" />
  <element name="GranitePeakFundingFacilityMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_GranitePeakFundingFacilityMember" substitutionGroup="xbrli:item" />
  <element name="DenaliPeakFundingFacilityMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_DenaliPeakFundingFacilityMember" substitutionGroup="xbrli:item" />
  <element name="DecemberTwoThousandTwentySixNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_DecemberTwoThousandTwentySixNotesMember" substitutionGroup="xbrli:item" />
  <element name="MarchTwoThousandThirtyThreeNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_MarchTwoThousandThirtyThreeNotesMember" substitutionGroup="xbrli:item" />
  <element name="MarchTwoThousandThirtyOneFivePointFiveFourPercentNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_MarchTwoThousandThirtyOneFivePointFiveFourPercentNotesMember" substitutionGroup="xbrli:item" />
  <element name="JuneTwoThousandTwentyFourNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_JuneTwoThousandTwentyFourNotesMember" substitutionGroup="xbrli:item" />
  <element name="JulyTwoThousandTwentyNineNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_JulyTwoThousandTwentyNineNotesMember" substitutionGroup="xbrli:item" />
  <element name="JanuaryTwoThousandTwentyNineNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_JanuaryTwoThousandTwentyNineNotesMember" substitutionGroup="xbrli:item" />
  <element name="JanuaryTwoThousandTwentyFiveNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_JanuaryTwoThousandTwentyFiveNotesMember" substitutionGroup="xbrli:item" />
  <element name="JanuaryTwoThousandThirtyTwoNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_JanuaryTwoThousandThirtyTwoNotesMember" substitutionGroup="xbrli:item" />
  <element name="JanuaryTwoThousandThirtyOneNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_JanuaryTwoThousandThirtyOneNotesMember" substitutionGroup="xbrli:item" />
  <element name="NovemberTwoThousandTwentySixEurobondsMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_NovemberTwoThousandTwentySixEurobondsMember" substitutionGroup="xbrli:item" />
  <element name="NovemberTwoThousandTwentyNineNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_NovemberTwoThousandTwentyNineNotesMember" substitutionGroup="xbrli:item" />
  <element name="NovemberTwoThousandTwentyFourNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_NovemberTwoThousandTwentyFourNotesMember" substitutionGroup="xbrli:item" />
  <element name="NovemberTwoThousandTwentyEightNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_NovemberTwoThousandTwentyEightNotesMember" substitutionGroup="xbrli:item" />
  <element name="NovemberTwoThousandThirtyFourNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_NovemberTwoThousandThirtyFourNotesMember" substitutionGroup="xbrli:item" />
  <element name="NaomiPeakFundingFacilityMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_NaomiPeakFundingFacilityMember" substitutionGroup="xbrli:item" />
  <element name="MonarchPeakFundingFacilityMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_MonarchPeakFundingFacilityMember" substitutionGroup="xbrli:item" />
  <element name="MmlTwoThousandTwentyTwoTwoDebtMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_MmlTwoThousandTwentyTwoTwoDebtMember" substitutionGroup="xbrli:item" />
  <element name="MmlTwoThousandTwentyTwoOneDebtMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_MmlTwoThousandTwentyTwoOneDebtMember" substitutionGroup="xbrli:item" />
  <element name="MmlTwoThousandTwentyOneOneDebtMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_MmlTwoThousandTwentyOneOneDebtMember" substitutionGroup="xbrli:item" />
  <element name="MiddlePeakFundingFacilityMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_MiddlePeakFundingFacilityMember" substitutionGroup="xbrli:item" />
  <element name="MeridianPeakFundingFacilityMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_MeridianPeakFundingFacilityMember" substitutionGroup="xbrli:item" />
  <element name="MayTwoThousandTwentySevenNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_MayTwoThousandTwentySevenNotesMember" substitutionGroup="xbrli:item" />
  <element name="MaroonPeakFundingFacilityMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_MaroonPeakFundingFacilityMember" substitutionGroup="xbrli:item" />
  <element name="MarchTwoThousandTwentySevenNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_MarchTwoThousandTwentySevenNotesMember" substitutionGroup="xbrli:item" />
  <element name="MarchTwoThousandTwentyFiveNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_MarchTwoThousandTwentyFiveNotesMember" substitutionGroup="xbrli:item" />
  <element name="OctoberTwoThousandTwentySevenNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_OctoberTwoThousandTwentySevenNotesMember" substitutionGroup="xbrli:item" />
  <element name="PhoenixPeakFundingFacilityMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_PhoenixPeakFundingFacilityMember" substitutionGroup="xbrli:item" />
  <element name="SeptemberTwoThousandTwentyFourNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_SeptemberTwoThousandTwentyFourNotesMember" substitutionGroup="xbrli:item" />
  <element name="SeptemberTwoThousandTwentyFiveNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_SeptemberTwoThousandTwentyFiveNotesMember" substitutionGroup="xbrli:item" />
  <element name="SeptemberTwoThousandThirtyNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_SeptemberTwoThousandThirtyNotesMember" substitutionGroup="xbrli:item" />
  <element name="RevolvingCreditFacilitysMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_RevolvingCreditFacilitysMember" substitutionGroup="xbrli:item" />
  <element name="TwoThousandTwentyFourOneNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_TwoThousandTwentyFourOneNotesMember" substitutionGroup="xbrli:item" />
  <element name="TwoThousandTwentyFiveTwoLenderFinanceFacilityMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_TwoThousandTwentyFiveTwoLenderFinanceFacilityMember" substitutionGroup="xbrli:item" />
  <element name="TwoThousandTwentyFiveOneNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_TwoThousandTwentyFiveOneNotesMember" substitutionGroup="xbrli:item" />
  <element name="TwoThousandTwentyFiveLenderFinanceNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_TwoThousandTwentyFiveLenderFinanceNotesMember" substitutionGroup="xbrli:item" />
  <element name="TwoThousandTwentyFiveBslNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_TwoThousandTwentyFiveBslNotesMember" substitutionGroup="xbrli:item" />
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  <element name="ShorttermBorrowingsMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_ShorttermBorrowingsMember" substitutionGroup="xbrli:item" />
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  <element name="WindomPeakFundingFacilityMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_WindomPeakFundingFacilityMember" substitutionGroup="xbrli:item" />
  <element name="TwoThousandTwentyTwoOneBslWhMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_TwoThousandTwentyTwoOneBslWhMember" substitutionGroup="xbrli:item" />
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  <element name="TwoThousandTwentyOneOneBslNotesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_TwoThousandTwentyOneOneBslNotesMember" substitutionGroup="xbrli:item" />
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  <element name="RisksRelatedToBdcsMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_RisksRelatedToBdcsMember" substitutionGroup="xbrli:item" />
  <element name="RisksRelatedToAnInvestmentInTheCommonSharesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_RisksRelatedToAnInvestmentInTheCommonSharesMember" substitutionGroup="xbrli:item" />
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  <element name="OtherTermsOfCommonSharesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_OtherTermsOfCommonSharesMember" substitutionGroup="xbrli:item" />
  <element name="CommonSharesMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="bcred_CommonSharesMember" substitutionGroup="xbrli:item" />
</schema>
