According to Steve Schwarzman, the CEO and Chairman at the Blackstone Group, business will flourish if Donald Trump presides. He thinks there will be a lot of change & things are going to get better. In one of his speech at an event, he precisely mentioned how economic growth is going to prosper during Trump’s presidency. The business community will grow more, prosper more. Alongside, he has clearly criticized Barack Obama’s strict guidelines for businesses & thinks it has decreased the prowess of business.
Similarly, Glenn Youngkin, president of Carlyle Group, has also expressed hopefulness. Pro-business policy approach will enhance the credibility of private equity firms, he added.
Although it’s difficult to predict whether the Trump administration is going to be fruitful for the private equity firms, Schwarzman thinks this has to be approached in a very positive manner in order to expand the economy.
Blackstone is a New York based multinational which offers private equity, investment banking & financial services. It handles $361 billion in private equity holdings, real estate & hedge funds. Schwarzman started this firm in 1985 in New York City.
However, Schwarzman hasn’t clearly mentioned his preference for the future president. He’d rather call the campaigns an enigma, but he’s hopeful about his choice.