Investment firm Blackstone will become a corporation in July, shifting from its current status as a publicly-traded partnership.
Investment firm Blackstone will become a corporation in July, shifting from its current status as a publicly traded partnership.
"If you look at the ability to have people buy your stock: Double the number and we'll grow more," Schwarzman said."That's just in the U.S. There are people who are non-U.S., in foreign countries; they can't buy us either."The firm also reported first-quarter results on Thursday. Blackstone raised $126 billion over the past year, a record for the firm.
Schwarzman credited Blackstone's growth with its ability to diversify its investments, keeping the firm's strategies"the right size," he said.
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