Blackstone CEO calls on Wall Street to support $3.8 billion fund for US veterans

BLACKSTONE, N.J. — Blackstone’s Chief Executive Officer Stephen Schwarzman urged Wall Street investors Monday to help support a $3 billion fund he says will allow veterans to access health care for a second time.

Schwarzman said the fund, called Veteran Health Care Access Fund, will provide care to veterans for the first time.

“We need to give them the resources they need to make it through this time of crisis,” Schwarzman told investors during the company’s annual meeting in New York.

The company has struggled to keep up with the surge in demand for medical services in the aftermath of the devastating hurricanes that hit the U.S. last year.

Schwarman’s comments come after a report last month from the Department of Veterans Affairs that nearly half of all veterans in the U