Private equity groups on diverging paths with post-pandemic bets
Blackstone, Apollo Global Management and Carlyle Group built up sharply different portfolios before and during the pandemic. Some have wagered on resumption of normal life while others see lasting change.
New York | The reopening of the US economy from the pandemic is setting up a contest between the most powerful investment firms on Wall Street.
Private capital groups, including Blackstone, Apollo Global Management and Carlyle Group, built up sharply different portfolios before and during the pandemic, putting billions of dollars to work even as the first wave of infections gathered pace in March last year.
