Steve Schwarzman, Chairman & CEO of The Blackstone Group is one of the more powerful players on Wall Street.
Blackstone is the world's largest private equity firm with $96 billion in assets under management.
Schwarzman co-founded Blackstone back in 1985 and has been instrumental in its development since. According to Capital IQ, it has been involved in two of the largest private equity deals this year - October's purchase of Busch Entertainment and May's acquisition alongside other investors of BankUnited.
In a rare and exclusive interview, Maria Bartiromo spoke to Steve Schwarzman this afternoon on Closing Bell. (A transcript of the entire interview is available here)
With the rally in equities since the lows of March, Schwarzman's Blackstone Group is planning to list up to eight companies and sell at least five others. For Schwarzman, this is a result of the change in the landscape from six months ago. Schwarzman said "with the world just right on the precipice of the maximum decline in the economy, now we sort of start thinking about deals on a geographic basis."
Trading the Globe
Where does Schwarzman see opportunity? At this point, he likes the U.S. and Asia, but the slower growth in Europe has kept him less focused on that continent. Specifically on Asia, Schwarzman sees growth in China, India, Indonesia, Australia and even Japan. He's hard-pressed to find an economy that isn't growing in Asia!