Blackstone has sharply expanded its European private wealth distribution network as it seeks to attract more capital from the continent’s high-net-worth investors, according to Bloomberg.

The firm now works with almost 80 private banks, wealth managers, and insurers across Europe.

The number of distribution partnerships has tripled over the past two years, according to Rashmi Madan, Blackstone’s head of private wealth for EMEA. In 2025 alone, the firm added 25 new partners, including in Germany and France.

The strategy reflects Blackstone’s broader push to diversify its capital base beyond institutional investors. Europe’s fragmented regulatory framework has required country-by-country distribution arrangements and extensive adviser education.

Blackstone has launched its first European Long-Term Investment Fund this year by opening its BXINFRA infrastructure strategy to European investors. The firm is also considering launching private equity, private credit, and real estate strategies under the same structure.

Madan said: “We are always very focused with those distribution partners on education.” She added that adoption would grow as advisers track product performance across market cycles.

Despite initial challenges, Blackstone’s European private credit fund for wealthy investors more than doubled assets to $3.6bn by October.

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