Blackstone enjoys best quarter for individual investor fundraising in nearly two years

Re-accelerating private wealth demand

Valeria Martinez
clock • 1 min read

Momentum for Blackstone’s private wealth business is re-accelerating, president and COO Jonathan Gray said, as the world’s largest private equity firm enjoyed the best quarter for individual investor fundraising in nearly two years.

Sales into the firm's wealth channel in the first quarter of 2024 stood at $8bn, as subscriptions increased 83% from the previous quarter across Blackstone's three large scale perpetual vehicles BREIT, BCRED and the newly-launched private equity fund BXPE. In an investor call on Thursday (18 April), Gray said this was reflective of improving market sentiment, with BCRED leading the way raising $2.9bn, followed by BXPE, which raised $2.7bn in its debut quarter.  Inside Blackstone's multi-million dollar mission to democratise private markets The firm's real estate vehicle BREIT, whic...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Asset managers see January optimism replaced by July nerves as outlooks shift gear

Asset managers see January optimism replaced by July nerves as outlooks shift gear

Many optimistic at the start of 2025

Patrick Brusnahan
clock 15 July 2025 • 3 min read
Maven Renovar VCT board slams 'underperforming' investment manager as saga intensifies

Maven Renovar VCT board slams 'underperforming' investment manager as saga intensifies

Board tug of war followed a strategic review

Patrick Brusnahan
clock 15 July 2025 • 2 min read
Ninety One's shares jump after positive Q1 AUM update

Ninety One's shares jump after positive Q1 AUM update

AUM up by £11.1bn in past 12 months

Sorin Dojan
clock 15 July 2025 • 1 min read
Trustpilot