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Blackstone profit surges as AI-driven private equity attracts inflows
Blackstone said stronger private-equity inflows outweighed a slowdown in private credit, where demand from individual investors has eased.
The Wall Street Journal reports that Blackstone’s profit surged, supported by stronger inflows into its private-equity business tied to AI investment activity.
The outlet said that momentum in private equity helped offset a slowdown in Blackstone’s private credit segment.
According to WSJ Markets, private credit has faced pullbacks from individual investors, contrasting with the investment demand coming into the firm’s private-equity products.
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WSJ MarketsBlackstone’s Profit Surges on AI Investments