Blackstone Inc. (NYSE:BX) Q3 2023 Earnings Call Transcript

Jonathan Gray: Well, I think we will have a mix of things. Secondaries will certainly be part of the mix. I think we’ll do a bunch of opportunistic things in this environment. I think we’ll do large scale, private equities, middle market private equity, as I said, life sciences growth. One of the unique things about Blackstone is the scale of our private equity platform. It’s not just one area. And when you think about the individual investor channel and money coming in on a monthly basis, having a very broad platform is important. So we’re going to take advantage of our platform as we deploy capital. And the key thing as we design this product is to deliver strong returns to the customers because that’s how we build something of scale over time. So if we do a very good job deploying into this dislocated environment, build a track record, then we do believe the scale opportunity is significant.

Unidentified Analyst: Great, thank you very much.

Operator: With no additional questions in queue at this time, I’d like to turn the call back over to Mr. Weston Tucker for any additional or closing remarks.

Weston Tucker: Great. Thanks everyone for joining us today and look forward to following up after the call if you have any questions. Thanks very much.