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Last updated: April 27, 2026, 11:30 PM ET

Private Markets & Real Assets

Blackstone's chairman Stephen Schwarzman asserted the enduring value of physical real estate and asset-based credit, arguing these sectors offer superior insulation against technological disruption compared to corporate credit exposures, even amid concerns surrounding artificial intelligence integration. This perspective aligns with the firm's active deployment, as Blackstone maintains a $310 billion vantage point covering AI-related infrastructure needs globally, while its peers also move aggressively, exemplified by KKR committing $1.5 billion to telecom tower assets. Separately, Harbert Management secured an interim close of $450 million for a new fund strategy, signaling continued fundraising momentum in the opportunistic credit space.