Market Views

Update from Jon Gray: Capturing Opportunity as Markets Recover

Blackstone President Jon Gray explains how the declining cost of capital bodes well for deal activity and why we believe private credit remains attractive despite lower rates. 

Lower interest rates have signaled a better dealmaking environment is on the horizon, says Blackstone President Jon Gray. He unpacks how this shift has changed the conversation around IPO markets and real estate and how the “farm-to-table” private credit model benefits investors even as rates decline. He also shares some of the trends that he believes will shape 2025.