Blackstone sees $20bn in quarterly inflows as appetite for secondaries picks up

New York-based Blackstone reported $20 billion in investor inflows in the volatile second quarter of 2020, mainly driven by investor interest in private equity and secondary funds.

As a result, the storied $564 billion alternative investment giant is sitting on $156 billion in dry powder as it seeks new opportunities in credit and private equity primarily. In the last 12 months, the firm has put more than $61 billion to work after having inflows of $94 billion for the year ending June 30.

Approximately $13 billion was put to work in the second quarter . . .

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