Blackstone has its sights on two new European markets to expand its private wealth business to in 2025 in an effort to meet growing demand, company executives told Reuters.
Blackstone's European wealth business currently has offices in London, Paris, Zurich, Milan and Frankfurt. The new markets it intends to enter were not disclosed.
Private market investments continue to play a strong role in adviser portfolios, according to Blackstone’s recently released Advisor Pulse — Fall 2024. The firm surveyed financial professionals across the United States, EMEA and Asia Pacific and found 82 percent of advisers believe private market investments attract new clients.
Blackstone’s own assets under management have reached a
