Morningstar

Blackstone, Phoenix Financial to Partner

Provided by Dow Jones Dec 17, 2025, 3:01:00 PM

By Nicholas G. Miller

Blackstone formed a partnership with Phoenix Financial in which Phoenix will invest up to $5 billion in a range of credit strategies including corporate, real estate and asset-based credit, leveraging New York-based Blackstone's global credit origination.

"Blackstone's exceptional capabilities represent another important step in delivering diversified, institutional-grade solutions to our clients," said Phoenix Chief Executive Eyal Ben Simon on Wednesday.

Phoenix is the largest asset manager in Israel, with more than $180 billion in assets under management.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

December 17, 2025 10:01 ET (15:01 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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