Blackstone Credit Chief Dellaert Downplays Rivalry With Banks
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Blackstone Inc.’s credit chief played down his industry’s rivalry with banks, even as the biggest alternative-asset managers rise to become major sources of financing across the economy.
“We are always going to coexist with banks,” Gilles Dellaert said in an interview with Bloomberg Television, adding that money managers’ share of lending will “ebb and flow” through cycles.