Kaman Chung's questions to Blackstone Inc (BX) leadership • Q4 2024
Question
Speaking for Glenn Schorr, Kaman Chung asked about the trend of insurers insourcing private market investments and the growth outlook for Blackstone's insurance partnerships, especially in Asia after the Nippon Life deal.
Answer
Jonathan Gray, President & COO, contended that allocating to private investment-grade credit has shifted from a novelty to a "necessity" for insurers to stay competitive. He emphasized that Blackstone's open-architecture, third-party model is a key advantage, making it a trusted partner. He noted accelerating momentum with 23 SMA clients and sees significant growth opportunities in Asia and Europe, viewing the Nippon Life partnership as a positive catalyst for future growth.