Hannah Zhang
PE firms will find it tougher to invest once interest rates get cut, says Blackstone's president and COO in a video interview with PEI Group's Richard Melville at NEXUS 2024.
The RMB fund targets Chinese LPs and aims to hold its first close this year.
ESG continues to garner support from investors in Europe and Asia while facing political headwinds in the US.
The State of Wisconsin Investment Board and Florida State Board of Administration both expressed unfavourable views on NAV-based instruments on a webinar hosted by PEI.
CIO Marcus Frampton proposed adding a 25% leverage to the fund in a special board meeting on Monday.
Speaking on the firm's latest earnings call, chief executive Marc Rowan said the firm is expecting family offices to invest more than half of their assets in alternatives over the next five years.