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Blackstone becomes first private equity firm to reach $1tn
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fnlondon.comBlackstone said it reached an unprecedented milestone within the alternative asset management industry, but investors didn’t flock to its stock.
The company was the first alternative manager to surpass $1tn in assets under management, according to its earnings release on 20 July. Blackstone announced the goal in 2018 when it oversaw $439bn.
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