One of Wall Street's largest private equity firms, the Blackstone Group, has been making a series of moves that have left mainstream analysts puzzled, with the most recent being Blackstone's hire of David Urban, a Washington lobbyist with close ties to the Trump administration.

Blackstone's courting of a Trump ally was not surprising given that the firm's CEO, Steven Schwarzman, recently donated $3 million to Trump's re-election efforts and had previously chaired the President's now-defunct Strategic and Policy Forum of "business leaders" and advisors. The close ties that have developed between Schwarzman and Trump following the latter's election in late 2016 have led mainstream media to describe Schwarzman as a confidant of the President.