This article is a summary of a YouTube video "Blackstone Has Been Focusing on AI: Chae" by Bloomberg Television
TLDR Blackstone is focusing on sectors with strong fundamentals and sees significant opportunities in the underdeveloped secondary market for alternatives and the life sciences revolution.
The media tends to portray the commercial real estate sector with a broad brush, but there is a real bifurcation in terms of dynamics within the industry.
Blackstone has been focusing on sectors with strong fundamentals such as logistics, data centers, rental housing, and life sciences office, where vacancies are low and market rents are growing at double digits.
The value of proprietary data and insights from a large private market portfolio will be further enhanced in an AI world, surpassing the commoditized data of public market investing.
Despite concerns about growth as Blackstone gets bigger, the company has consistently proven itself and found ways to continue growing.
There are profound secular tailwinds in various markets, such as private credit, infrastructure, energy transition, and the alternatives business in Asia, which present significant addressable market opportunities.
Blackstone sees a big opportunity in investing in the underdeveloped secondary market for alternatives and the life sciences revolution, which have the potential to create significant returns.
Blackstone considers themselves to be the best positioned firm in the world to capture opportunities in AI, leveraging their brand, reputation, scale, and culture.