Euro Millions

Blackstone is hoping to hit the European jackpot as it aims to expand its private wealth business into at least two new European markets in 2025.

Over the last four years the US investment behemoth has seen its private wealth AUM increase from just over $100 billion in 2020 to approximately $250 billion with Italy and France proving to be significant drivers of that growth. The next leg of Blackstone’s European adventure will look to build on that success, although the firm is aware of the regulatory hurdles and potential potholes that exist when embarking on any journey across the continent. To navigate the complexities, Sheila Rapple has been made COO for EMEA Wealth. We’ll all be watching closely to find out which markets Blackstone ultimately chooses to be its next rising Eurostars!

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GIF - Another day. Another increase in AUM.

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