Blackstone is riding the AI wave, and wealthy investors are cashing in. Its private equity fund for individuals just posted a 20% net gain, fueled by bold bets on SpaceX, OpenAI, and Anthropic, with nearly 30% of returns tied directly to AI. Viral Patel, CEO of Blackstone’s private equity fund BXPE joined Bloomberg Open interest to break down the portfolio and why the AI infrastructure boom may just be getting started.
(Source: Bloomberg)
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Blackstone AI Bets Drive 20% Gain
