Blackstone to focus on ‘unloved’ large side of the market

Blackstone Group’s private equity head, speaking at a recent Oregon pension meeting, said the frenzy for middle-market private equity deals has made the larger end of the market relatively more attractive than ever.

While many LPs are skeptical of megafunds’ ability to continue to provide top-tier returns, Blackstone’s Joseph Baratta said many “unloved” large companies or overlooked divisions of companies are good bets for the type of operational improvements that only a firm like Blackstone can provide.

“We think that the large end of the market is relatively more attractive today than it has ever been,” Baratta said.

Published by PE Hub:

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