Blackstone Alternative Asset Management, the hedge fund solutions unit of Blackstone, has now made a second direct investment into a catastrophe bond through one of its flagship muti-strat alternatives funds.
Back in May 2025 we reported that the Blackstone Alternative Multi-Strategy Fund had made its first direct investment into a catastrophe bond, having previously only allocated to insurance-linked securities (ILS) via external ILS manager operated strategies.
Now, a second direct investment to hold catastrophe bond notes has been made by this fund, but it remains a very small allocation at this time.
FULL ORIGINAL PUBLICATION HERE