Lenders are hoping tech firms will increasingly seek out debt financing or a mix of equity and debt—in part to avoid raising fresh venture capital funding at sharply lower valuations, and also because the volatile stock market has halted IPOs. Blackstone’s new effort to provide tech companies with alternative financing means it will be competing with specialized venture lenders such as Hercules Capital, structured equity funds being raised by firms such as Coatue Management, as well as other big investment firms like Silver Lake.

https://www.theinformation.com/articles/blackstone-plans-to-back-tech-startups-in-2-billion-plus-lending-push?rc=gkyqaj