The huge US-based asset management company has a strong track record of using downturns to its advantage.
- They acquire assets when things look grim and allocate capital, expertise and patience until they improve, before monetising them.
- There are not many managers globally with the depth of experience, capital and scale as Blackstone and we think they’ll emerge from this current downturn in great shape.
- Backing quality at a time when share prices are depressed makes total sense to MM.