Office address: 345 Park Ave New York, NY 10154
Website: www.blackstone.com
Year established: 1985
Company type: alternative investment management company
Employees: 4,735+
Expertise: alternative investment management, private equity, real estate, infrastructure, life sciences, credit and insurance, energy, technology, healthcare, retail, logistics, hospitality, financial services, digital infrastructure, transportation, media and telecommunications
Parent company: N/A
Key people: Stephen Schwarzman (CEO), Jonathan Gray (COO), Michael Chae (CFO), John Finley (CLO), Vik Sawhney (CAO), John Stecher (CTO), Christine Anderson (global head), Joseph Baratta (global head)
Financing status: N/A
Blackstone is the largest alternative asset manager worldwide with over $1.1 trillion in assets under management. Its head office is in New York with over 4,735 employees across 26 offices globally. Blackstone serves institutional and individual investors by investing in sectors like real estate, private equity, and infrastructure. The firm manages more than 230 portfolio companies and 12,400 real estate assets, delivering long-term value through dynamic growth.
Blackstone was founded in 1985 by Stephen Schwarzman and Peter Peterson to explore opportunities in mergers and acquisitions. In 1987, they launched their first private equity fund, followed by a real estate division in 1991, which became a major driver in their development. By 2007, the firm went public through a $4.13 billion initial public offering and in 2012, expanded into credit investments.
The firm converted to a C-corporation in 2019 to attract more investors and became the largest alternative asset manager worldwide. Their growth continued with key acquisitions like Hilton in 2007 and Ancestry.com in 2020, surpassing $1 trillion in assets by 2023. Blackstone hit a $50 billion milestone with BREIT in 2024, prompting the firm to lift redemption limits.
Blackstone offers a range of investment services across multiple sectors, delivering high-performing solutions to both individual and institutional investors:
In addition to these, the company also emphasizes businesses like Blackstone Growth and Blackstone Energy Transition Partners. The firm aims to deliver excellent results by stewarding capital responsibly for institutional and individual investors.
Blackstone emphasizes more than just hiring, focusing on employee retention and career development. The company values recognizing talent, acknowledging hard work, and rewarding success, fostering a culture grounded in integrity and professionalism. Their employees' dedication was stated to be the key to building their reputation as a trusted partner, which is why they provide the staff with:
The firm is committed to incorporating ESG principles into its investments and operations so that their responsible practices will generate long-term benefits for stakeholders. Blackstone’s ESG focus spans environmental, social, and governance factors, aiming to create sustainable value for both employees and investors. These efforts are evident through various initiatives that address critical global challenges and improve corporate practices:
The company’s diversity, equity, and inclusion (DEI) strategy revolves around its people, with a workforce that reflects varied backgrounds and experiences. Their holistic DEI approach enhances the firm’s culture and strengthens their businesses and communities. With a focus on recruiting, developing talent, community involvement, and accountability, Blackstone aims to create an inclusive environment:
Blackstone’s culture upholds excellence, using global expertise and scale to deliver strong outcomes for clients. The firm operates with integrity, earning trust through careful stewardship of capital. Their entrepreneurial mindset fosters innovation, while diverse teams collaborate to champion the best ideas and celebrate successes.
Stephen A. Schwarzman, co-founder, chair, and CEO of Blackstone, has been instrumental in the firm's growth since its founding. His leadership earned him a seat alongside top US executives at President Xi’s table during key discussions on US-China economic relations in 2023.
Schwarzman is committed to philanthropy, having founded the Schwarzman Scholars program at Tsinghua University. He holds an MBA from Harvard and a BA from Yale.
Blackstone's leadership includes top executives responsible for guiding the company's operations and ensuring its continued growth:
Blackstone is expanding its investor base by launching an infrastructure fund aimed at affluent investors, targeting sectors like energy, transportation, and digital infrastructure. This strategy offers high-net-worth individuals access to private market opportunities that provide stable, long-term returns. By focusing on infrastructure, the firm is tapping into growing demand for investments in clean energy and digital services, traditionally dominated by institutional capital.
The company sees huge potential in the private credit market, predicting it could grow to $30 trillion in the coming years. With increasing demand for alternative financing, particularly as banks face stricter regulations, private credit offers businesses more flexible lending options. Blackstone is capitalizing on this trend by offering direct loans and asset-based financing, aiming to lead the private credit sector.
Candidate's earnings taxed as carried interest; 'ordinary people wouldn't be able to do this'
Ex-govenor's 15% effective rate criticized by opponents; Gingrich paid twice that
Are stocks cheap or pricey? History would seem to indicate the S&P 500 is undervalued -- and might well hit 1,800 this year. Some money managers don't see it that way, however.
Emerging-hedge-fund managers are getting more attention from institutional investors because they tend to produce better returns than larger, more established funds, but industry insiders disagree about the extent of the outperformance.
MF Global's collapse into bankruptcy last week threw yet another monkey wrench into the sale of regional brokerage firm Morgan Keegan & Co. Inc., which declines in value as time passes, industry recruiters said
Potential buyers said to have lowered bids substantially in wake of bankruptcy of Jon Corzine's B-D
New York is where the 1% live, and they have the tax returns to prove it.
Private equity may be the last, best hope for Regions Financial Corp. in finding a buyer for Morgan Keegan & Co. Inc.
Regions Financial Corp. is offering as much as $200 million to help finance the sale of its Morgan Keegan brokerage unit, said people with knowledge of the matter.
White House seeks to limit interest income that can be sheltered; states, cities already lining up against proposal
Morgan Keegan & Co. Inc. won a small victory last week when a class action brought by investors in a Tennessee state court was dismissed by a federal judge. But it doesn't look as if the troubled securities firm is any closer to being sold than when its parent company, Regions Financial Corp., put it up for sale three months ago
Blackstone big forced to rejigger prediction that S&P 500 would top 1,500 this year; Barton Biggs retrenching as well
Souring market conditions may leave rival brokerages out of the running in sale of Regions' unit
Is it time to move back into equities? Insiders are buying for the first time since March 2009, said Blackstone Group's Byron Wien, who predicted on Jan. 3 that 10-year Treasury yields and economic growth will approach 5% this year--usually a good sign.
