Blackstone, Flush With Cash, Buys Into the Dip

While money has been fleeing stocks this year, there’s reason to believe that large private-investing behemoths are ready to step into rocky markets.

“We have $135 billion of dry powder,” Jonathan Gray, Blackstone’s president and chief operating officer, said in a Bloomberg Television interview, adding that “prices, particularly in public markets and in sectors like technology, can create new opportunities” for his firm.  Read more

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