Finance
Blackstone Is in Talks With US Regional Banks Over Lending
- Jon Gray details discussions in interview with the FT
- Executive flagged possible partnership back in April
Blackstone headquarters in New York, US.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Blackstone Inc. is in talks with regional banks about forming partnerships where they would make loans that the firm funnels to its insurance clients, underlining the growing heft of private capital’s heavyweights in financial markets.
The alternative asset manager is in discussions with lenders with between $100 billion and $250 billion in assets, the FT reported Blackstone President Jon Gray as saying in an interview. He declined to name the lenders involved.