Blackstone

The alternatives giant has tripled its private wealth assets over five years, according to president and COO Jon Gray.

Secondaries picked up momentum and managers increasingly tapped the wealth channel amid 2025's challenging fundraising environment.

Blackstone uses a traffic light system to evaluate an asset's potential exposure to AI disruption risk, president Jon Gray told delegates at an HKMA event on Tuesday.

‘I don’t expect a Blackstone stadium any time soon,’ president and COO Jonathan Gray says on the firm's Q3 2025 earnings call.

The US asset manager has hired Mark Wang, former global chief investment officer of HSBC Life, amid a push by GPs to raise more capital from the insurance segment, PEI has learned.

Inflows during the period were disproportionately buoyed by the $49bn raised for MGX Fund I in June.

Political vagaries are throwing a spanner in the works for PE defence strategies; the €1.6 billion European behemoth that wants to co-invest with GPs; General Atlantic's new love.

Our latest ranking of the industry’s biggest fundraisers serves as a reminder that there’s more to the state of play than meets the eye.

Year-on-year growth is back on track after last year’s fundraising flatline, though the nature of this growth has shifted.

Evergreen funds account for about 5% of private markets NAV today, a figure that is expected to grow in the long term.

Recent updates from the US administration are paving the way for clearer partnership between private markets and American defined contribution capital.

In an active market, GP stakes investors are differentiating themselves by homing in on private markets firms of particular sizes.