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 . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and daily, weekly and monthly newsletters. We offer pay-as-you-go monthly subscriptions and discounted annual subscriptions with additional benefits: access to Alternatives Watch Research articles and our Annual Investor Compendium.
