Big Institutions are Quietly Buying Into Blackstone (BX) and KKR’s Wealth Funds

Blackstone Inc. and KKR & Co. are seeing institutional investors begin allocating capital to evergreen private market funds that the firms initially developed for high-net-worth individuals, according to reporting from the Financial Times. Evergreen funds allow investors to access capital at predetermined intervals rather than committing funds for the typical decade-long lifecycle of traditional private equity vehicles.
Joan Solotar, who leads Blackstone’s wealth business, confirmed t