Blackstone is working to address the societal and environmental implications of artificial intelligence development, CEO Stephen Schwarzman said on Thursday, as opposition to data center construction mounts in the U.S.
Stronger inflows into the investment firm's private-equity business offset a slowdown in private credit, where individual investors have pulled back.
Blackstone , the world's largest alternative asset manager, reported rising income for the second quarter on Thursday, buoyed by growing assets under management and reaping profit from a mammoth bet on artificial intelligence.
Wellington Management, Vanguard and Blackstone are launching two funds that will offer investments in both public and private markets for a growing cohort of wealthy individuals, the companies said on Wednesday.
The new offerings for individual investors follow an exodus from private credit funds earlier this year.
BOSTON & VALLEY FORGE, Pa. & NEW YORK--(BUSINESS WIRE)--Wellington Management (“Wellington”), Vanguard, and Blackstone (NYSE: BX) today announced the launch of two new investment solutions created as part of their recently formed strategic alliance and designed to give eligible investors simplified access to professionally managed portfolios that combine public and private markets. WVB All Mark...
Blackstone has invested in Futronic, a supplier of high-precision actuators serving automotive and industrial robotics sectors, the world's largest alternative asset manager said on Monday.