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Senior executives from Blackstone’s private wealth unit held their first meeting in Dubai, presenting investment opportunities in private credit and infrastructure to more than 100 investors and family office representatives. The meeting coincided with the opening of the unit’s first dedicated office outside Zurich. The company is seeking to expand in a Gulf market where family offices manage more than $1 trillion in assets. Its private wealth unit has about $330 billion in assets, out of $1.4 trillion in total assets. The expansion comes amid pressure from redemption requests and investor concerns about credit quality and the company’s exposure to software firms.
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