Blackstone turns sluggish credit business into a winner
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4 min read . Updated: 10 Nov 2021, 06:13 PM IST - Investment firm uses low-fee formula to attract individual investors to credit funds in push to gather $1 trillion of assets
Premium 4 min read . Updated: 10 Nov 2021, 06:13 PM IST Blackstone Inc. towers over most of its private-equity peers with $731 billion in assets, but the firm has had a soft underbelly for years: its sluggish lending business. Now, credit has become one of the firm’s fastest-growing segments, part of a broad shift under the leadership of President Jonathan Gray.
