Sector Investment 3 Days

Last updated: April 27, 2026, 5:30 PM ET

Private Markets & Real Estate

Blackstone's chairman Stephen Schwarzman defended the firm's focus on physical assets and asset-based credit, arguing they offer superior insulation from technological disruption compared to traditional corporate lending, especially amid rising concerns over artificial intelligence. This defense comes as KKR commits a substantial $1.5 billion toward tower infrastructure investments, while Harbert Management secured an interim close of $450 million for a new fund, demonstrating continued private market appetite for tangible assets, even as Blackstone anticipates a front-row seat in the AI economy.