Revolut Targets High-Net-Worth Clients in Potential Blackstone Partnership

Revolut Targets High-Net-Worth Clients in Potential Blackstone Partnership

Revolut is in early talks with private equity firm Blackstone over a potential partnership that would allow Revolut customers to access Blackstone’s investment funds. The discussions centre on integrating Blackstone products into Revolut’s planned private banking offering. If the deal goes ahead, it would signal Revolut’s shift from retail finance toward private banking and wealth management. For Blackstone, the talks reflect an effort to expand…

Blackstone,Revolut in talks to collaborate on wealth management

Blackstone and Revolut are in initial discussions regarding a potential partnership focused on wealth management services, reported Bloomberg.  According to people familiar with the negotiations, the proposed partnership is said to allow clients of Revolut’s upcoming private banking service to access Blackstone’s investment funds.  Bloomberg recently reported that Revolut is planning to establish a private markets team to expand its wealth manag…