Schwarzman Says Blackstone Has ’Aggressive’ Plans for Growing

Blackstone Group LP Chairman Stephen Schwarzman said his firm has “aggressive plans” for further diversifying its operations and growing assets under management.

“We’ve expanded our business significantly,” Schwarzman said today in a Bloomberg Television interview with Erik Schatzker and Stephanie Ruhle. “That was highly unusual during the financial crisis, when almost all financial institutions were pretty much shrinking.”

To contact the reporter on this story: Devin Banerjee in New York at

To contact the editor responsible for this story: Christian Baumgaertel at

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