Gray said the best buyout opportunities in public markets are for $3 billion to $20 billion companies because there is less competition compared with the market for mid-sized firms.
“The volatility, prices coming down is a bit helpful for us as we are looking for businesses,” Gray said.
Blackstone has more exposure to Asia and to life sciences, even though growth equity has a lot of high priced companies, he said.
This article was provided by Bloomberg News.