![epa07657628 (FILE) - Stephen A. Schwarzman, Chairman, Chief Executive Officer and Co-Founder, Blackstone, pictured during a panel session¨on the first day of the 49th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, 22 January 2019 (reissued 19 June 2019). According to media reports, Schwarzman has donated 150 million Pounds (approx. 168.5 million euros) to Oxford University. EPA/GIAN EHRENZELLER](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/4ZRRJNBXYWWY24ANV6KP4YWFHQ.jpg?smart=true&auth=4aa31b12c38cfc0839e68ebe5da264f1e47f73750534278b3ad096c21f72a346&width=400&height=225)
Blackstone Group co-founder Stephen Schwarzman sees a big V-shaped recovery in the US economy in the next few months. EPA
Blackstone Group co-founder Stephen Schwarzman sees a big V-shaped recovery in the US economy in the next few months. EPA
Tighter credit markets pave way for private equity bargains
Many multibillion-dollar leveraged-loan deals have been cancelled in recent weeks, leaving companies controlled by buyout firms unable to refinance