Blackstone's credit division is its main growth driver, managing $354.7 billion in assets. This makes it the largest third-party private credit business globally.
Jon Gray emphasized the early stages of this growth, noting a "dramatic increase in demand for all forms of investment-grade private credit" amidst a crisis affecting traditional bank lending.
Blackstone's shift towards private lending signifies a significant transformation in alternative investments, with the firm capitalizing on the current banking landscape to attract new investors.
With a strategic pivot, Blackstone is not just following the market trend but is leading it in non-bank lending, effectively positioning itself for future growth.
Collection
[
|
...
]