Blackstone taps banks to broaden private-wealth business in Japan

Private-wealth head Solotar says retail business in country still in 'infancy'

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Private-wealth channels account for nearly a quarter of total assets under management at Blackstone, the world's largest private-asset manager. © AP

HIROFUMI TAKEUCHI

NEW YORK -- U.S. private equity giant Blackstone plans to add more sales channels in Japan for private-asset funds aimed at affluent individuals, seeking to broaden the range of customers it works with.

Joan Solotar, global head of private wealth at Blackstone, discussed these plans with Nikkei in an interview.

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