Giant leveraged buyouts no longer sustain private equity firms as they did through the mid-2000s. Thus Blackstone and its peers have scrambled to expand into other assets classes, creating funds to invest in loans and bonds, buying hedge fund managers and seeding technology companies.
In a recent feature, David Carey, Pierre Pauldin and Sabrina Willmer explained Blackstone’s new Tactical Opportunities Fund, which has the freedom to invest in a much wider range of assets than the firm’s conventional buyout funds.
In another recent story, David chronicled similar moves by Blackstone’s rival KKR to diversify.
King of Capital 