Schwarzman’s comments are the latest sign of investment firms touting the attractiveness of Europe. At last week’s SuperReturn International conference in Berlin, executives from behemoths such as BC Partners, Permira and Brookfield Asset Management talked up the case for Europe as an investment destination as global economic risks mount.
Blackstone Inc. is planning to invest as much as US$500 billion ($642.84 billion) in Europe over the next 10 years, Chief Executive Officer Steve Schwarzman said in an interview to mark the 25th anniversary of the alternative asset manager’s operations in London.
“We see it as a major opportunity for us,” Schwarzman said in a Bloomberg Television interview on Tuesday. “They are starting to change their approach here, which we think will result in higher growth rates. So this has worked out amazingly well for us.”
