Sector Investment 24 Hours

Last updated: April 28, 2026, 5:30 AM ET

Private Markets & Real Assets

Blackstone’s chairman Stephen Schwarzman defended the enduring value of physical real estate and asset-based credit, asserting these assets possess superior protection against technological disruption compared to traditional corporate credit, amidst broader market anxieties regarding AI and private credit exposures. This perspective aligns with KKR’s recent $1.5 billion infrastructure move into telecommunications towers, illustrating continued appetite for hard assets. Separately, Harbert Management secured a $450 million interim close for a new strategy, demonstrating sustained capital flow into specialized alternative asset managers, even as Blackstone remains positioned with a $310 billion "front row seat" to monitor the AI shift.