“We have to be cautious around semi-liquid strategies collectively. You cannot create liquidity in an asset that is not liquid,” he told delegates at the firm’s International Media Summit today (14 March).
“If I tell you the price of your home second by second, that is great, but if you want to try to sell it second by second, you will not be able to. So there is sort of this weird conundrum.”
Inside Blackstone’s multi-million dollar mission to democratise private markets
His remarks come as fund managers begin to pivot their fundraising efforts toward the non-institutional space,…
Read the full article here
