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Blackstone and Apollo Court Small-Time Investors They Used to Snub

rforno
in Other Investing
To me, this screams "run fast, run far (away)!" and/or suggests the need to make sure your investment's watertight doors are working and the lifeboats are at least uncovered and stocked with provisions......

Per BBG:

Blackstone Inc. and other private equity firms are launching a campaign to sell their investments to everyday Americans, with ads, emails, and sports sponsorships.

The firms are trying to tap into the $13 trillion market for US defined-contribution retirement plans, after regulators opened it up to private equity and other alternative assets.

Despite concerns about the timing and potential returns, alternative asset managers are aggressively courting small-time investors, with some wealth advisers reporting being inundated with emails, calls, and other solicitations.

Full article @ https://archive.ph/vbmnF

Comments

  • MarkMark

    “The modern conservative is engaged in one of man’s oldest exercises in moral philosophy — that is, the search for a superior moral justification for selfishness.”

    - John Kenneth Galbraith
  • Old_JoeOld_Joe
    Ain't that the truth.
  • Old_JoeOld_Joe
    Here's a couple of excerpts from the "How Bad Is Finance’s Cockroach Problem? " thread:
    • Today, firms like Apollo, KKR and Blackstone that manage and invest huge pools of money have gotten into the business of making direct loans, and they’re doing so at staggering rates. Now an approximately $2 trillion market, it is a leading option for many companies and consumers alike.

    • Private credit firms say they can offer better terms than banks because they are not reliant on depositors who can withdraw their money and flee.

    • The problem is that often the funds they rely on are not their own. They’re drawn from the money that has been entrusted to them by insurance companies, pension funds and, soon, 401(k)s. As was the case in the run-up to the big crash, these potentially risky ventures may therefore be fueled with the money of ordinary people who have no idea how it’s being deployed.

  • Old_JoeOld_Joe
    edited October 27
    And yes, I do know that "a couple" isn't "three".
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