Blackstone's wealth fund achieved its strongest monthly performance in May, benefiting from its investment in Anthropic

Golden Finance July 2nd｜Thanks to investments in the AI sector’s popular enterprise Anthropic PBC, Blackstone’s private equity fund aimed at wealthy individuals achieved its strongest monthly performance ever in May. According to a letter to investors, Blackstone Private Equity Strategic Fund (BXPE) Class I shares delivered a net return of 4.3% in May, with gains reaching 11.4% year-to-date. BXPE invested more than $2.5 billion in the second quarter, including additional investments in Anthropic and bets on payment processor Stripe. Despite pressures in the private equity industry in recent years, Blackstone pointed out in the letter that the prolonged downturn in leveraged buyouts and the IPO market is beginning to ease.