Blackstone to kick off new fundraising 'super cycle' to grow asset pile

Blackstone to kick off new fundraising 'super cycle' to grow asset pile

Pedestrians are reflected on glass in front of Blackstone Group LP headquarters in New York, U.S., on Friday, April 14, 2017. Photographer: Victor J. Blue/Bloomberg

Blackstone Group LP, the world’s largest manager of assets such as private equity and real estate, is kicking off a fundraising “super cycle” which could see it manage more than half a trillion dollars in assets, its chairman and CEO Stephen Schwarzman said on Thursday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter