Blackstone’s Chae Sees Private Wealth Fueling Next Era of Growth

Blackstone Inc. is preparing to debut a slew of products for its wealth and retirement strategies as it readies its existing offerings for inclusion in target-date funds, Chief Financial Officer Michael Chae said.

The firm filed registration statements for two products it plans to launch later this year as part of its partnership with Wellington Management Co. and Vanguard Group, he said at a financial conference Tuesday. Blackstone is also seeking to debut a new perpetual multiasset fund for its wealth strategy.