Multiaffiliate managers are vying with private equity firms to snap up minority ownership stakes in alternative managers.
Blackstone acquired an undisclosed minority stake in growth-focused private equity firm GTCR through its GP stakes business.
CI Financial launches Axia Real Assets, a global real estate and infrastructure joint venture, retaining a 50% ownership stake.
Blackstone Alternative Asset Management hired industry veteran Scott Bommer as CIO and launched a hedge fund manager platform.
Arena hired three new managing directors for global marketing to boost growth in the firm's special situation private credit strategies.