Blackstone Plans $500 Billion Europe Investment, CEO Says

BLACKSTONE IS PLANNING to invest as much as $500 billion in Europe over the next 10 years, underlining the continent's growing appeal to investors during a period of geopolitical flux.

- BLOOMBERG

"We see it as a major opportunity for us," Chief Executive Officer Steve Schwarzman said in a Bloomberg Television interview on Tuesday. "They are starting to change their approach here, which we think will result in higher growth rates. So this has worked out amazingly well for us."

Schwarzman's comments, which mark the 25th anniversary of the alternative asset manager's operations in London, are the latest sign of investment firms touting the attractiveness of Europe.