Insight - Blackstone plans fund for people with millions not billions

More access: The signage outside the Blackstone headquarters in New York. The fund would potentially offer multi-millionaires exposure to a swath of assets unavailable on public markets, such as Silicon Valley unicorns, closely held corporations and even stakes in other buyout shops. — Bloomberg

DENTISTS, surgeons and other suburban millionaires don’t loom large on the client rosters of buyout funds run by the most elite investment firms.

But inside Blackstone Inc, plans are afoot to develop its first private equity fund targeting such individuals as part of a project codenamed “BXPE.”