Blackstone Group plans to invest at least $500 billion in Europe over the next decade, as co-founder Stephen Schwarzman sees potential for economic growth following years of underperformance. He cites positive changes, such as Germany’s increased infrastructure spending, and the recognition among European leaders of the need for reforms. This investment strategy marks a significant acceleration for Blackstone, which currently manages about $350 billion in European assets and aims to capitalize on valuation gaps compared to U.S. companies.
