The three groups said that they would work together to create blended products containing both public and unlisted assets, and funds with exposure to active and passive investments. While Blackstone, Vanguard and Wellington did not announce any specific products at this time, the three-way partnership underscores the latest push by the private equity and credit industry into the portfolios of individual investors.
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Blackstone joins Vanguard and Wellington to expand into individuals’ portfolios
Greg Davis, Vanguard’s president and chief investment officer, said the alliance with Wellington and Blackstone would “help more investors benefit from broader access to private investments by further increasing diversification...
