Michael Chae, chief financial officer of Blackstone Group, said that the company's portfolio construction and strategy enabled it to seize growth in the field of artificial intelligence AI and infrastructure, and deploy and attract capital on a large scale. Chae said at a conference held by Barclays on Tuesday that the company has completed nine IPOs for its companies in the past year and that six “have now submitted listing applications around the world.” Chae said the alternative asset management company, which manages $1.3 trillion in assets, invests in strategies such as AI, electricity, life sciences, and private market loans to businesses. He said that 70% of Blackstone's biggest investments in the past 12 months have been concentrated in these areas, and “now is a good time to deploy.”

Michael Chae, chief financial officer of Blackstone Group, said that the company's portfolio construction and strategy enabled it to seize growth in the field of artificial intelligence AI and infrastructure, and deploy and attract capital on a large scale. Chae said at a conference held by Barclays on Tuesday that the company has completed nine IPOs for its companies in the past year and that six “have now submitted listing applications around the world.” Chae said the alternative asset management company, which manages $1.3 trillion in assets, invests in strategies such as AI, electricity, life sciences, and private market loans to businesses. He said that 70% of Blackstone's biggest investments in the past 12 months have been concentrated in these areas, and “now is a good time to deploy.”