capital attraction

Blackstone opens Dubai office to advise wealthy Gulf investors

The $1.4 trillion asset manager pitched private credit and infrastructure to more than 100 prospective clients gathered at the Waldorf Astoria

Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images

Blackstone opened a new Dubai outpost this week and kicked off its pursuit of the city’s deep pockets with a private gathering of more than 100 high-net-worth investors at the Waldorf Astoria.

The U.S. alternative asset manager is...