Welcome back to our Sunday edition. Are your internal meetings dragging? Dropbox CEO Drew Houston recommends memo-first meetings inspired by Jeff Bezos. On the agenda today: But first: A new business is in the ascendancy at Blackstone. If this was forwarded to you, sign up here. Download Insider's app here. First, Blackstone was known for its private equity prowess. Then it was real estate. Now, the investing giant has more in credit and insurance assets than in either area. The $1.
Main Idea: Blackstone’s credit business is now bigger than its private equity and real estate arms, showing how fast private lending has grown.
Key Points:
Blackstone and Apollo’s fast-growing private lending can leave households and small businesses with pricier loans and more risk if the market turns.
Private credit can give companies more borrowing options when banks pull back, which may support jobs and business growth.
Rate how each entity in this article affected the American people.
Primary subject of the article; its growing credit and insurance business is the central focus.
Major comparator in the private-credit boom and cited for its trillion-dollar target.
Blackstone president whose announcement about the firm’s private-credit scale is a key article point.
Featured in a separate article teaser about refurbished phones and its competitive concerns.
Major bank mentioned as part of the group whose investment banking revenue rose.
Apollo CEO quoted on the shift toward private lending; supportive context rather than main focus.
Major bank mentioned as part of the group whose investment banking revenue rose.
Comments here are the same thread shown when this article appears in The Pulse.
No comments on this article yet.
Sign in to commentOne of the major banks highlighted in the investment-banking rebound segment.
JPMorgan boss quoted warning about private-credit risks; secondary contextual figure.
Major bank cited for commentary on private credit through its CEO’s warning.
Major bank mentioned as part of the group whose investment banking revenue rose.