Reported about 5 hours ago
Blackstone Inc.'s European private credit fund, ECRED, is poised to reach €1.5 billion by the end of January 2025, marking a significant increase in retail investment interest from high-net-worth individuals in Europe. The growth comes as Blackstone aims to tap into the vast wealth in the region, which houses one-third of the world's wealthy individuals. Though gaining traction has been challenging due to Europe's complex banking and tax landscapes, Blackstone is optimistic that retail participation can eventually mirror its global figures.
Source: YAHOO