Blackstone Mulls Tactic to Unleash Cash From Bets on Its Peers

Blackstone Inc. is considering shifting positions from a strategy that bets on other private-markets firms into a new pocket, as a way to unlock profits from those hard-to-exit investments.

The alternative investment manager told potential buyers of secondhand stakes about plans to move a slice of assets from its 2014 GP Stakes fund, according to people familiar with the matter, who asked not to be identified because the talks are private.