Blackstone executives see signs of spring for private equity’s deal environment, as a market rebound boosted the firm’s earnings in the first quarter.
Leaders of the New York asset manager told analysts 18 April that the slump in private-equity dealmaking that began two years ago is showing signs of receding. The firm deployed $24.5bn in the first quarter, more than twice the $10.8bn it invested in the same period a year ago.
