Retail investors have become one of Blackstone’s biggest sources of growth
Individual investors have become one of Blackstone Group Inc.’s biggest sources of growth, a departure for an alternative-asset giant built on relationships with the world’s largest institutions.
Blackstone has built a $571 billion asset pile primarily by selling institutional investors products like leveraged-buyout funds and big real-estate investment pools. But with an eye toward nearly doubling assets in six years and securing a more predictable stream of fees, Blackstone is expanding its horizons to include products...
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