Who Owns GSO Capital Partners?

What does Blackstone own?
Blackstone manages investment vehicles across four primary segments: real estate (including BREIT, the largest non-traded REIT in the United States), private equity (corporate buyout funds), credit and insurance (private credit and insurance solutions, formerly GSO Capital Partners), and multi-asset investing (hedge fund solutions through Strategic Partners). Blackstone does not own the assets in its funds; it manages them on behalf of institutional investors including pension funds, sovereign wealth funds, and insurance companies. Notable portfolio companies have included Hilton Hotels, Equity Office Properties, and Invitation Homes.

Is Blackstone publicly traded?
Yes. Blackstone Inc. trades on the New York Stock Exchange under the ticker symbol BX. The company went public in June 2007 in an IPO that raised $4.75 billion at a valuation of approximately $31 billion. Blackstone is a component of the S&P 500 Index. The company converted to a C corporation in 2019, simplifying its tax structure and making shares more accessible to retail investors and index funds.

Who founded Blackstone?
Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman, both of whom previously worked at Lehman Brothers. Peterson served as chairman and CEO of Lehman Brothers, and Schwarzman was a managing director. The company was founded with $400,000 in seed capital. Peterson passed away in 2018. Schwarzman continues to serve as Chairman and CEO.

Where is Blackstone headquartered?
Blackstone is headquartered at 345 Park Avenue in New York City. The company operates in over 30 countries with major offices in London, Hong Kong, Tokyo, Singapore, Sydney, and Frankfurt.

How many brands does Blackstone own?
Blackstone operates seven major investment platforms: BREIT, Blackstone Private Equity, Blackstone Real Estate, Blackstone Credit, Blackstone Hedge Fund Solutions, Blackstone Tactical Opportunities, and Blackstone Growth. The company does not own consumer-facing brands. Its commercial identity is tied to investment performance and institutional client relationships.

Who owns Blackstone?
Blackstone has no parent company and no controlling shareholder. Stephen A. Schwarzman holds a significant personal stake estimated at approximately 20% of outstanding shares. The largest external shareholders are institutional investors including Vanguard Group, State Street Corporation, and BlackRock, each holding single-digit percentage stakes. Schwarzman's ownership gives him substantial influence but not majority control.

What is Blackstone's AUM?
Blackstone had total assets under management of $1.13 trillion at year-end 2024, up 8.5% from $1.04 trillion at year-end 2023. Fee-earning AUM was $830.7 billion. As of mid-2026, AUM exceeded $1.2 trillion, driven by strong fundraising across private credit, real estate, and private equity.

What is BREIT?
BREIT (Blackstone Real Estate Income Trust) is a non-traded real estate investment trust managed by Blackstone. It invests primarily in stabilised, income-generating commercial real estate in the United States. BREIT has over $70 billion in AUM, making it one of the largest non-traded REITs globally. BREIT faced redemption pressures in 2022 and 2023 but stabilised in 2024 and resumed accepting net inflows.