Blackstone pulls in $69bn despite slump in private capital returns
Asset manager drew investors even as performance in private credit and buyout units suffered
Asset manager drew investors even as performance in private credit and buyout units suffered

Investors pull net $1.7bn out of vehicle over first quarter as industry strains intensify

Comments by president Jonathan Gray come as private capital group reports better than expected results

Big groups including Apollo, Ares and Blackstone were hit with redemption requests at start of 2026

Firms like Apollo find it hard to shake narratives formed by legacy private equity and distressed debt operations

US private capital groups to take part in Bank of England review amid concerns over systemic risks

Bond investors and banks are seeking greater premiums on new financing as a precaution before lending