Blackstone’s capital group wears a $ 500 billion expansion in Europe

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Blackstone Group is preparing to increase its investments significantly throughout Europe, as the private capital group is betting on economic reforms to revive growth after years of performance.

Stephen Schwarzmann, co -founder of the 1.2 trillion investment group, told the Financial Times in an interview. Blackstone He was planning to invest “at least $ 500 billion” in Europe in the next decade, setting opportunities to become a major lender for companies throughout the continent, hitting large infrastructure and acquiring private shares.

“We see the signs of change now in Europe“European leaders have generally become more sensitive to the fact that their growth rates over the past decade have been very low and that they are not sustainable for them. So they are looking to pressure the European Union regarding the abolition of restrictions. We believe that Europe has the possibility of doing better than it was in the past.”

Swarzmann highlighted Germany’s decision under the new advisor Friedrich Mirz to use spending on deficit to finance infrastructure and investment in defense as a positive change, which can help the largest European market in diversifying its auto -based economy.

“There are no immediate miracle treatments” over the next ten years, we believe that we will put at least $ 500 billion of new assets in Europe. “The fact that all the elderly in different countries across Europe realize that change is needed … positive.”

The Schwarzman’s investment goal, which Bloomberg has been informed for the first time, is a great acceleration of Blackstone, which currently owns about $ 350 billion across Europe after investing in the region for approximately 25 years. “Carrying out $ 500 billion (in investments) within 10 years is clearly accelerating,” he said.

Blackstone’s competitors in the private capital industry are also more optimistic about investment expectations in Europe. Apollo President Jim Zellter He said earlier this month I planned to invest up to $ 100 billion in Germany over the next decade. The Thoma Bravo Special Stock Group, which found a software, recently opened a European headquarters and began a great acquisition to benefit from the evaluation gap with American competitors.

Schwarzmann spoke to FT, where he and many of the leading Blackstone leaders celebrated the twenty -fifth anniversary of the group in Europe, where it is building a new regional headquarters based in Berkeley Square.

In recent years, Blackston has removed some of the largest acquisitions in the region, including the Italian infrastructure of Atlantia in late 2022 and the acquisition of 14 billion euros for the Adevinta group on the Internet the following year.

Swarzmann said that the increasing excitement of Bactestone for Europe’s factors in a gap in assessments between European companies and its peers listed in the United States and low financing costs. But it often depends on an increasing conviction that surrounds economic reforms.

He said, referring to economic reforms: “There are clearly evaluation differences between the United States and Europe that we find in areas for private stocks and real estate, as well as infrastructure. But you need all these factors,” in reference to economic reforms and low interest rates. “Just cheaper prices are not always the right answer.”