Blackstone is preparing to take a series of long-held investments public as the world’s largest private capital group uses buoyant markets as an opportunity to exit a stockpile of ageing buyouts.
Jonathan Gray, president of Blackstone, told the FT in an interview that the group, which has $1.3tn in assets, had lined up “one of our largest IPO pipelines in history” as a way to exit successful deals and return cash to clients.