60: Joan Solotar, Global Head of Blackstone’s $192 Billion Private Wealth Solutions Business

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 31 March 2022

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, we’re in discussion with the Global Head of the Blackstone’s $192 billion Private Wealth Solutions business, Joan Solotar.

Joan has thrice been recognised in Barron’s as one of the 100 Most Influential Women in U.S. Finance, and after a background in equity research covering financial services, she joined Blackstone in 2007.

She starts by describing Blackstone’s growth to oversee approximately $880 billion in alternative assets, before explaining their private wealth solutions business. She discusses their drive to “democratise alternatives”, their client base, geographical reach and why they believe we are very early in the adoption of these assets in portfolios.

She then breaks down the components of alternatives, with a dive into their real estate expertise, the credit portfolios which have disintermediated portions of bank lending, as well as discussing hedge funds and P.E.

She discusses the liquidity trade-offs, why they have developed Blackstone University for clients, before offering some terrific general advice (especially to fathers with daughters!).

Transcript

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1:02.5	Schroeder's as a sponsor and corporate partner. Shroder's is a global investment and wealth manager
1:08.1	with a purpose to provide excellent performance to clients through
1:11.7	active investment management. By serving institutions and individuals worldwide, Schroeder serves
1:18.5	wider society. Channeling capital into sustainable and durable businesses accelerates
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1:29.6	wisely and responsibly. As we know, capital is at risk with investing.
1:35.6	Vermont is also a sponsor of the Money Maze podcast. Bramont is an award-winning British company
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1:58.9	Today we're here in New York and our conversation is with the world's largest alternative
2:03.9	asset manager, Blackstone.
2:05.5	And specifically, we're going to talk with their global head of Blackstone's $190 billion
	...

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