finance.yahoo.com

Institutions Expand Allocations to Blackstone’s Evergreen Wealth Funds

Blackstone Group logoBlackstone Group
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KKR & Co. logoKKR & Co.
Sig2.56Sen+2.22Env0.00Soc0.00Gov0.00

Blackstone, KKR, and Apollo have expanded evergreen vehicles for individual investors, and institutions are increasingly allocating to these wealth-focused funds. The adoption provides another channel for sophisticated capital and could help Blackstone and KKR grow wealth-management assets and fee revenue as investors look for alternatives to traditional private equity returns and exits.

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