Blackstone wants bigger Australia bet as brighter economy beckons

The president and chief operating officer of Blackstone, Jon Gray, says the US private capital giant will look to increase its exposure to Australia ahead of an expected pick-up in economic growth.

“We would love to try to invest in this period of uncertainty, not just for the world, but for Australia … to try to find opportunity in some of the sectors we have really high confidence in, while people are feeling a little bit uncertain down here,” Mr Gray said on Wednesday during a visit to Sydney.