Blackstone Inc. (BX), an asset management firm, is planning to hire more people across Asia as it looks to grow its private wealth business and reach more individual investors. The move comes as interest rises in private markets, especially among wealthy clients seeking options beyond stocks and bonds.
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Blackstone is working to build a stronger local presence in the region. Ed Huang, the firm’s head of Asia Pacific private wealth, said the company has roughly doubled its team size over the past two years and plans to continue hiring.
The firm is adding staff in Australia and Korea, and is also looking to expand further in Japan. The aim is to strengthen local teams and better serve investors as demand for alternative assets increases.
Private Markets Still Underused by Individuals
A major reason behind the hiring push is the low exposure individual investors have to private markets. Huang noted that large institutions often invest about 30% of their capital in private equity and private credit. In contrast, individual investors typically invest only around 3%.
Blackstone sees this gap as a clear opportunity. Many high-net-worth individuals are now looking for stable returns and diversification, especially as markets remain uncertain. Private markets can offer longer-term investments that are less tied to daily market moves, making them more appealing to these investors.
Is Blackstone Stock a Good Buy Now?
According to TipRanks, BX stock has a Moderate Buy consensus rating based on four Buys and three Holds assigned in the last three months. At $176.33, Blackstone’s average share price target implies a 17.18% upside potential.
