Blackstone’s Schwarzman Said to Relocate to Europe Temporarily

Blackstone Group LP Chairman Stephen Schwarzman will relocate temporarily to Europe as the world’s largest private-equity company increasingly pursues deals outside the U.S., according to a person familiar with his plans.

Schwarzman, 63, will work in Europe initially for about four to six months, while continuing to spend about the same amount of time he already does in the New York office, said the person, who declined to be identified because the plans are private. Blackstone, based in New York, has offices in Paris, London, and Dusseldorf, Germany, according to its website.