Blackstone CEO Talks Fiscal Risk
Blackstone CEO Stephen Schwarzman believes that the resilient labor market, which has refused to cool despite the Federal Reserve’s tightening cycle, will keep the U.S. Economy on track. Speaking with Bloomberg from the International Private Equity Market Conference in Paris, Schwarzman says that the budget deficit is a bigger risk than the current business cycle.
Blackstone: Energy Transition Is a $100 Trillion Opportunity
Last week, Blackstone closed its record energy transition private credit fund, B GREEN 3, at its hard cap of seven point one billion dollars – the largest fund of its kind ever raised. Joining Bloomberg Markets, Blackstone Credit Global Head of Sustainable Resources Rob Horn outlines several opportunities the firm is pursuing–including consumer solar and infrastructure.
Blackstone Global Alts Chief Dowling Talks “New Investment Paradigm”
Last week, Blackstone became the first alternative investment manager to hit $1 trillion in assets under management – but that is hardly the end of the story. Speaking on Bloomberg’s “The Close,” Joe Dowling, Blackstone’s Global Head of Alternatives, discussed the role that alts will continue to play in a quantitative tightening environment.
Blackstone’s Schwarzman Thinks US Debt Standoff Will Be Resolved
Blackstone’s Chief Executive Officer Steve Schwarzman described the US debt ceiling debate as a political standoff where no one wants to blink, but the outstanding issues should be able to be resolved relatively quickly.
Blackstone: Opportunities in High Yield Private Debt
Blackstone’s Global Head of Credit, Dwight Scott, says that while others are worried that the higher for longer interest rate environment could put significant strain on credit markets, he sees a healthy credit market and opportunity in the high yield private debt, which is currently below the historical average default rate.