02:38 PM EST, 11/05/2025 (MT Newswires) -- Blackstone (BX) plans to provide asset management services to life insurers in addition to its partnership with Nippon Life Insurance, Nikkei Asia reported.

"We love partnering with champions [like Nippon Life] that are sizable players in their market, where we can help them over many years grow their footprint," Gilles Dellaert, global head of Blackstone's credit and insurance division, told Nikkei.

Dellaert said Blackstone will pursue mandates from other life insurers in parallel, according to the report.

Blackstone intends to adopt an approach in Japan similar to the one it uses in the US and Europe, where it works with multiple insurers beyond its strategic partners, the report said.

"We just want to be an asset manager and a solutions provider [to our clients]," Dellaert was quoted as saying.

Blackstone didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 143.57, Change: +0.72, Percent Change: +0.51