Blackstone Group Inc is trading 5.3% down at $108.81 as fresh redemption concerns weigh heavily on the private equity sector.
- The selloff follows news that Swiss asset manager Partners Group capped withdrawals at a key fund after a surge in redemption requests.
- The move has sparked broader contagion fears across the private equity space, leading to a sector-wide decline as investors reassess liquidity risks.
- Blackstone is also facing headwinds from a generally weaker risk-off equity session, further compounding the downward pressure on the stock.