Blackstone’s partnership with BNP Paribas means that they will distribute the offer until 5 April, but the firm intends to work with others beyond this date and expand within Europe.
Rashmi Madan, Senior Managing Director and Head of EMEA Private Wealth Solutions at Blackstone, said: “We do have plans to launch more local products in private credit for other European jurisdictions.”
Blackstone and its competitors have employed a similar strategy with funds in the US, where yields are typically higher but come with equally higher risk. Now, Europe beckons, with an estimated $50tn cash pile held by the continent’s affluent investors.
Source: PrivateEquityWire
