BX
THE BLACKSTONE GROUP L.P
32
-0.09%
32
-0.09%
26 35
52 weeks
52 weeks

Mkt Cap 19.40B

Shares Out 609.20M

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Blackstone's Optiv Deal Could Be an Attempt to Lower Its Tech Exposure Following Trump's Win

Blackstone Chairman and CEO Stephen Schwarzman

As equity markets see a modest rotation away from large-cap tech stocks in the aftermath of Donald Trump's election victory, a company headed by the chair of Trump's CEO-filled Strategic and Policy Forum is raising cash by unloading one of its most valuable tech assets.

It could be a coincidence, or perhaps just reflective of the fact that some P-E firms aren't exactly in a buying mood when it comes to tech, following a multi-year bull run. Or perhaps not.

Three weeks after filing to take IT security services provider Optiv Security public, Blackstone (BX) has announced it's selling a...


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