Blackstone’s Perry Sees Secondaries Topping $400 Billion by 2030

Blackstone Inc.’s Verdun Perry called buying and selling existing stakes of private assets “the most underutilized tool” in that market, predicting secondaries deal volume will more than double to $400 billion by 2030.

“Whether it’s a slow market or a robust market, the secondary role is going to increase over time as a solution to private market investors,” Perry, the head of Blackstone’s secondaries business, said in an interview Wednesday for Bloomberg TV.