Wealth and Asset Management
Big Institutions are Quietly Buying Into Blackstone (BX) and KKR’s Wealth Funds
Institutional investors are beginning to allocate capital to “evergreen” private market funds that Blackstone Inc. and KKR & Co. Inc. originally built for wealthy individuals, the Financial Times reported. Evergreen funds let investors access capital at set intervals rather than locking it up for a decade-long private equity fund life….
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