Blackstone Inc.
American alternative investment management company and the world's largest alternative asset manager, managing private equity, real estate, credit, and hedge fund strategies globally.
Company Type
public
Founded
1985
Headquarters
New York City, New York, USA
Stock
NYSE: BX
About Blackstone Inc.
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 and is a component of the S&P 500.
Yes. Blackstone Inc. trades on the New York Stock Exchange under the ticker symbol BX. The company went public in June 2007 and is a component of the S&P 500.
Who founded Blackstone?
Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman, both of whom previously worked at Lehman Brothers. Peter Peterson passed away in 2018. Stephen Schwarzman serves as Chairman and CEO.
Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman, both of whom previously worked at Lehman Brothers. Peter Peterson passed away in 2018. Stephen Schwarzman serves as Chairman and CEO.
What is Blackstone's AUM?
Blackstone had total assets under management of $1.13 trillion at year-end 2024, up 8.5% year over year, with fee-earning AUM of $830.71 billion.
Blackstone had total assets under management of $1.13 trillion at year-end 2024, up 8.5% year over year, with fee-earning AUM of $830.71 billion.
What is BREIT?
BREIT (Blackstone Real Estate Income Trust) is a non-traded real estate investment trust managed by Blackstone that invests primarily in stabilized, income-generating commercial real estate in the United States. It is one of the largest non-traded REITs globally.
BREIT (Blackstone Real Estate Income Trust) is a non-traded real estate investment trust managed by Blackstone that invests primarily in stabilized, income-generating commercial real estate in the United States. It is one of the largest non-traded REITs globally.
What are Blackstone's main business segments?
Blackstone operates through four segments: Real Estate, Private Equity, Credit and Insurance, and Multi-Asset Investing (Hedge Fund Solutions). Real Estate is the largest segment by AUM.
Blackstone operates through four segments: Real Estate, Private Equity, Credit and Insurance, and Multi-Asset Investing (Hedge Fund Solutions). Real Estate is the largest segment by AUM.
History of Blackstone Inc.
Peter G. Peterson and Stephen A. Schwarzman founded Blackstone in 1985 as a mergers and acquisitions advisory firm. Both had previously worked at Lehman Brothers. The company launched its first private equity fund in 1987 and expanded into real estate investing in the early 1990s.
Blackstone completed its IPO on the New York Stock Exchange in June 2007, raising $4.75 billion in one of the largest alternative asset manager IPOs at the time. The IPO valued the company at approximately $31 billion.
Key milestones include the acquisition of GSO Capital Partners, a credit-oriented alternative asset manager, in 2008 for $620 million; the launch of BREIT (Blackstone Real Estate Income Trust) in 2017, which grew to become one of the largest non-traded REITs globally; and the acquisition of GLP's U.S. warehouse portfolio in 2019 for $18.7 billion, one of the largest private real estate transactions in history.
Blackstone's AUM grew from approximately $100 billion at the time of its IPO to $1.13 trillion by year-end 2024. For Q4 2024, fee-related earnings reached a record $1.8 billion, up 76% year over year, reflecting strong growth in management fees as AUM expanded.
Brands Owned by Blackstone Inc.
Blackstone Inc. owns 1 brand in our database.
Stock Information
Blackstone Inc. Ownership: Pros & Cons
Advantages
- +World's largest alternative asset manager with $1.13 trillion in AUM at year-end 2024
- +Record fee-related earnings of $1.8 billion in Q4 2024, up 76% year over year
- +Q4 2024 distributable EPS of $1.69 exceeded analyst expectations of $1.47
- +Diversified platform across real estate, private equity, credit, and hedge fund solutions
- +Strong institutional client relationships with pension funds, sovereign wealth funds, and insurance companies
- +Growing private credit business benefits from strong institutional demand for yield
Considerations
- -AUM and performance revenues are sensitive to financial market conditions and asset valuations
- -BREIT redemption limits in 2022-2023 raised questions about liquidity in non-traded vehicles
- -Residential real estate investments have attracted political and regulatory scrutiny
- -Competition from Apollo, KKR, Ares, and other large alternative asset managers is intensifying
- -High dependence on performance fees creates revenue volatility
Frequently Asked Questions About Blackstone Inc.
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 and is a component of the S&P 500.
Who founded Blackstone?
Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman, both of whom previously worked at Lehman Brothers. Peter Peterson passed away in 2018. Stephen Schwarzman serves as Chairman and CEO.
What is Blackstone's AUM?
Blackstone had total assets under management of $1.13 trillion at year-end 2024, up 8.5% year over year, with fee-earning AUM of $830.71 billion.
What is BREIT?
BREIT (Blackstone Real Estate Income Trust) is a non-traded real estate investment trust managed by Blackstone that invests primarily in stabilized, income-generating commercial real estate in the United States. It is one of the largest non-traded REITs globally.
What are Blackstone's main business segments?
Blackstone operates through four segments: Real Estate, Private Equity, Credit and Insurance, and Multi-Asset Investing (Hedge Fund Solutions). Real Estate is the largest segment by AUM.
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