Joan Solotar’s Post

Thank you David Bodamer for hosting me on the WealthManagement.com Invest podcast. Always love talking about growing asset classes across private markets, as well as what’s needed in terms of enhanced education and tech. Listen here: https://bit.ly/3B0gG5C    “You have to do the due diligence work with your trusted advisor. But, I would just suggest you…take a look at your portfolio, and if you don't have private assets in there, I think you have to ask the question, ‘why not?’”

Sharing news from the world of private equity − Blackstone is set to acquire Smartsheet for $8bn, working to drive innovative and scalable solutions in workplace management.

If you have a view, same or different, please share. Over 47% of advisors said digital infrastructure is poised to benefit from the #AI revolution. 

Demand for access to #privatemarkets is on the rise. It was great speaking to Julie Hyman from Yahoo Finance on that and more. See a clip from our conversation here. #AltsMoveToCore #PrivateEquity #PrivateCredit 

You may have considered data centers a dull asset class but AI has revolutionized the game. In her recent CNBC appearance, Kathleen McCarthy Baldwin highlights how power constraints and need for large scale capital have made Blackstone, through QTS Data Centers, a top investor in this mega trend. Early days and exciting times ahead in digital infrastructure. 

This segment kicks off with Jim Cramer and David Faber suggesting it would be great if Jon Gray could join them on CNBC every day. I can understand why. So much here. Great real-time macro insights gleaned from our vast investment portfolios across asset classes, how tighter spreads and lower borrowing costs can spur investment activity, Blackstone investing before the all clear sign and really digging in to data centers, “the highway system of the 21st century”. Love it — watch the full clip: https://bit.ly/3AsabIw

Felt very L.A. cool Monday night at my best friend jeff Waxman’s movie premiere of #TheUnion which opens today on Netflix . Got the double thumbs up pic (of course) on the red carpet with PWS colleague Michael Piet and some other pics with mark wahlberg, @HalleBerry and Jeff’s amazing daughter Danielle Waxman. Was worth the red-eye flight back to NYC.

Do you know if your clients’ portfolios are inadvertently underweighted to private investments and missing an important potential source of diversification? With ~90% of scaled companies and commercial #realestate privately owned, why limit your #investment options to a fishbowl when you can explore a wider ocean of opportunity? #FinancialAdvisors, feel free to access our #BlackstoneUniversity education program, which covers the essentials of core private asset classes plus the perpetual fund structures that eligible individuals can use to access private markets (https://bit.ly/4cvaHCO). Here is my quarterly letter (https://bit.ly/4fNMPgQ). Our #Blackstone PWS team is committed to working with you to unlock the potential benefits of #privatemarkets.

Todd Myers, my co-pilot in steering the #PWS rocketship in his podcast debut, covering a range of insights on Blackstone’s leadership philosophy, how essential advisor education is, our client-first mentality, and more on dakota’s Rainmaker Podcast. #AltsMoveToCore

A day to remember as a great one from end to end can take many forms. Yesterday, mine began with a memorable first: pre-breakfast champagne at the office (thank you to my amazing team) and ended on a high note with this incredible cake that I’m still thinking and talking about (thank you Lindsay Solotar and Max Solotar). Perfectly bookended.