Blackstone’s Wealth Head Sets Lofty $1 Trillion Goal: Leader Q&A

Blackstone Inc.’s Joan Solotar spent most of the past decade focused on attracting money from wealthy investors as part of the private market giant’s race to manage $1 trillion in assets.

Now, after hitting a $250 billion fundraising target at her unit about four years ahead of schedule, Blackstone’s global head of private wealth solutions is setting her sights on an ambitious $1 trillion goal at her own business.

In the past five years, the wealth unit at the world’s biggest alternative assets manager has increased the amount of money it oversees by almost five-fold as part of an expansion drive across the US, Europe and Asia. That’s helped to push ...