Blackstone's Joan Solotar, head of Private Wealth, says recent capital flight from private credit funds is overblown given expected returns and losses. Despite concerns about loan defaults and exposure to software firms vulnerable to AI disruption, Blackstone reports strong transparency and manageable risks, with returns still outperforming public equivalents. Solotar compares the current stress to past real estate fund challenges, emphasizing private credit's long-term value and growth potential as more investors seek alternative assets. Critics urge caution on private credit's risks, but Blackstone expects continued demand and aims to expand assets under management significantly.
Anthropic has launched Ode, a $1.5 billion AI implementation company formed through a joint venture with Blackstone, Hellman & Friedman, Goldman Sachs, and others. Ode builds on the acquisition of Fractional AI, focusing on deploying elite AI enginee...
Williams Companies secured a $5.34 billion investment from Blackstone for AI-driven Power Innovation projects, reducing its capital needs while retaining 51% ownership. CIBC adjusted its price target to $83, suggesting potential stock price upside fr...
Blackstone Inc. is viewed as a high-quality asset manager trading at a discounted valuation with a 3.8% dividend yield. The company benefits from favorable industry trends like rising inflation, global wealth growth, demographic changes, and AI infra...
