Blackstone

Blackstone is an American alternative asset manager and investment firm headquartered in New York City.

Blackstone is an American alternative asset manager and investment firm headquartered in New York City. It is one of the world's largest private-market investors, with a business focused on private equity, real estate, credit, infrastructure, and related strategies. The firm reports more than $1.3 trillion in assets under management and operates globally.

History

Blackstone was founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson as a mergers and acquisitions firm. It later expanded into a broad alternative investment platform and became publicly traded on the New York Stock Exchange under the ticker BX.

Business model

Blackstone raises capital from institutional and individual investors and invests it across private markets. Its strategies include buying, improving, and selling businesses and assets, as well as managing long-term investment vehicles.

Major investment areas

The firm’s reported business segments include private equity, real estate, credit and insurance, and hedge fund solutions. Public descriptions also mention infrastructure, life sciences, growth equity, and secondaries among its broader strategies.

Scale and reach

Blackstone is widely described as the world’s largest alternative asset manager. Public disclosures and company materials say it has more than $1.3 trillion in AUM and operates globally across multiple regions and offices.