Blackstone said its private equity fund for wealthy individuals posted a record 4.3% net return in May, lifting its year-to-date gain to 11.4%, helped by its investment in AI startup Anthropic.

In a letter, the asset manager said Blackstone Private Equity Strategies deployed more than US$2.5 billion in the second quarter, including an additional investment in Anthropic and a stake in payments company Stripe.

Blackstone said conditions for buyouts and initial public offerings are improving. The firm has more than US$310 billion in assets from wealthy individuals across various funds. Among these, its BXPE Class I shares have returned 19.1% since the fund launched in 2024.

🔗 Source: Bloomberg

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