{ "schemaVersion": 1, "organisationId": "O-4fd09a4ecf6f49149f606ddb211c591d", "slug": "blackstone", "name": "Blackstone Inc.", "updatedAt": "2026-10-03T22:02:43.609448Z", "sections": [ { "type": "OVERVIEW", "text": "Blackstone Inc. is an alternative asset manager that invests and manages capital across real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Its four reporting segments are Real Estate, Private Equity, Credit & Insurance, and Multi-Asset Investing. The company states that its mission is to fulfill its fiduciary duty by creating long-term value for investors. [P154784677][https://www.blackstone.com/our-impact/building-sustainable-businesses/]\n\nBlackstone has a global presence, with offices in 27 cities worldwide. Its latest available 2026 quarterly filing reported $1.346 trillion in assets under management as of June 30, 2026; its 2025 Form 10-K reported full-year revenue of $14.45 billion. Blackstone’s published figure of approximately 740,000 employees refers to people employed across its portfolio-company ecosystem, not Blackstone’s own staff. [https://www.blackstone.com/the-firm/our-offices/][T17853457][https://www.sec.gov/Archives/edgar/data/1393818/000119312526082531/d48618d10k.htm][https://www.blackstone.com/insights/article/2026-mid-year-investment-perspectives/]\n[P154784677][T17853457][https://www.blackstone.com/our-impact/building-sustainable-businesses/][https://www.blackstone.com/the-firm/our-offices/][https://www.sec.gov/Archives/edgar/data/1393818/000119312526082531/d48618d10k.htm][https://www.blackstone.com/insights/article/2026-mid-year-investment-perspectives/]", "updatedAt": "2026-10-03T22:02:43.609448Z" }, { "type": "PRODUCTS", "text": "Blackstone’s real-estate products span opportunistic, core-plus and debt strategies. Blackstone Real Estate Partners (BREP) invests thematically in assets and operating companies, including logistics, data centers, rental housing, hospitality, offices and retail. Core-plus offerings include Blackstone Property Partners (BPP), which invests in stabilized assets globally, and the non-listed BREIT and BEPIF vehicles, which provide income-focused access to real estate in the Americas and Europe, respectively; BXDC invests in data centers. BPP’s platform includes fund, co-investment and separately managed account vehicles. Blackstone Real Estate Debt Strategies (BREDS) provides commercial real-estate mortgages and liquid debt investments across public and private markets, including high-yield and liquid debt funds and listed mortgage REIT BXMT. [P154785445][P154785448][P142392064][P154785449]\n\nPrivate-equity products include corporate private equity, Tactical Opportunities (flexible, thematic hybrid capital across asset classes and geographies), life-sciences investor BXLS, growth-equity platform BXG and private-wealth-focused BXPE. Corporate private equity invests in businesses and may support portfolio-company transformation through strategic insight, relationships and operational assistance. [P154785454][P154785452][P154785457] Blackstone Credit & Insurance offers corporate and asset-based credit, investment-grade and non-investment-grade debt, and securities including senior and subordinated debt, preferred stock and common equity. Its products include mezzanine, direct-lending, stressed and distressed strategies, CLOs, liquid-credit funds and separately managed accounts; direct-lending funds include BCRED, BXSL and European-focused ECRED. Infrastructure and asset-based credit capabilities include private placements and financing secured by physical, financial or residential real-estate collateral. [P154785464][P154785465][P154785468]\n\nBlackstone Multi-Asset Investing offers Absolute Return portfolios, multi-strategy investing, Total Portfolio Management across public and private markets, and Public Real Assets focused on publicly traded North American energy infrastructure, renewables and midstream MLPs. Its reported Absolute Return Composite combines funds and accounts with differing mandates and is not itself an investible product. [P154785472][T17853640] Blackstone’s infrastructure strategies invest globally across energy transition, transportation, digital infrastructure, water and waste, using Core and Core+ approaches. [https://www.blackstone.com/our-businesses/infrastructure/] Services also include capital-markets services and management, transaction and monitoring services under arrangements with funds, investors and portfolio companies. [P154785441]\n[P154785445][P154785448][P142392064][P154785449][P154785454][P154785452][P154785457][P154785464][P154785465][P154785468][P154785472][T17853640][P154785441][https://www.blackstone.com/our-businesses/infrastructure/]", "updatedAt": "2026-10-03T22:02:43.609448Z" }, { "type": "GEOGRAPHY", "text": "Blackstone Inc.’s geographic footprint spans the Americas, EMEA and APAC. Its current office directory lists locations in 27 cities worldwide, including New York, Toronto, London, Tokyo and Hong Kong. [https://www.blackstone.com/the-firm/our-offices/]\n\nIn its FY2025 reporting, the United States accounted for 68% of Blackstone’s total GAAP revenue, compared with 68% in 2024 and 70% in 2023. [https://www.sec.gov/Archives/edgar/data/1393818/000119312526082531/R32.htm] Blackstone also identifies real-estate investment activity in North America, Europe and Asia. [https://www.blackstone.com/our-businesses/real-estate/]\n[T5033589][https://www.blackstone.com/the-firm/our-offices/][https://www.sec.gov/Archives/edgar/data/1393818/000119312526082531/R32.htm][https://www.blackstone.com/our-businesses/real-estate/]", "updatedAt": "2026-10-03T22:02:43.609448Z" }, { "type": "SEGMENTS", "text": "Blackstone reports four business segments. Real Estate manages opportunistic and Core+ real estate funds and real estate debt strategies; it contributed approximately $1.303 billion, or 31%, of Segment Distributable Earnings (DE) for the six months ended June 30, 2026. [P154785268][T17853409] Private Equity invests through flagship, sector- and geography-focused and Core funds, and also includes strategies such as secondaries, GP stakes, infrastructure, life sciences and growth equity; it contributed approximately $1.967 billion, or 47%, of period DE. [P154785269][T17853409]\n\nCredit & Insurance covers private and liquid corporate credit, infrastructure and asset-based credit, and an insurer-focused platform; it contributed approximately $746 million, or 18%, of period DE. [P154785276][T17853409] Multi-Asset Investing comprises Absolute Return, Multi-Strategy, Total Portfolio Management and Public Real Assets; it contributed approximately $178 million, or 4%, of period DE. [P154785277][T17853409] The percentages are calculated from reported segment DE of $4.194 billion in total; DE comprises Fee Related Earnings plus Net Realizations. [T17853409][P154785497]\n[P154785268][P154785269][P154785276][P154785277][T17853409][P154785497]", "updatedAt": "2026-10-03T22:02:43.609448Z" }, { "type": "HISTORY", "text": "Blackstone was founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson. It began investing in private equity in 1987 and entered real estate in 1991, establishing two of its early core investment areas. [https://www.blackstone.com/insights/article/my-personal-history-chapter-1/][https://www.blackstone.com/news/press/blackstone-raises-record-private-equity-fund-of-6-45-bilion/][https://www.blackstone.com/news/press/blackstone-private-equity-fund-closes-on-21-7-billion/][https://www.blackstone.com/our-businesses/real-estate/]\n\nIn the 2000s, Blackstone expanded internationally and made several high-profile investments, including its 2007 agreement to acquire Hilton and its purchase of Equity Office Properties. The firm went public in 2007, listing on the New York Stock Exchange under the ticker BX. [https://www.blackstone.com/news/press/equity-office-announces-amendment-to-merger-agreement-with-blackstone/][https://www.blackstone.com/news/press/hilton-hotels-corporation-to-be-acquired-by-blackstone-investments-funds/][https://www.blackstone.com/news/press/the-blackstone-group-prices-4-133-billion-initial-public-offering/]\n\nBlackstone broadened its investment platforms through acquisitions including credit manager GSO in 2008 and Credit Suisse’s Strategic Partners secondaries business in 2013. It later established infrastructure and life-sciences businesses, with the latter following its 2018 acquisition of Clarus. In 2018, Jon Gray became president and chief operating officer as Tony James moved to executive vice chairman; in 2019, Blackstone converted from a publicly traded partnership to a corporation and became Blackstone Inc. [https://www.blackstone.com/news/press/blackstone-closes-gso-acquisition/][https://www.blackstone.com/news/press/blackstone-closes-acquisition-of-strategic-partners-from-credit-suisse/][https://www.blackstone.com/news/press/blackstone-to-launch-40-billion-infrastructure-investment-vehicle-and-new-infrastructure-business/][https://www.blackstone.com/news/press/blackstone-completes-the-acquisition-of-clarus-establishing-a-new-life-sciences-investment-platform/][https://www.blackstone.com/news/press/jon-gray-named-president-and-chief-operating-officer-of-blackstone-tony-james-named-executive-vice-chairman/][https://www.blackstone.com/news/press/blackstone-completes-conversion-to-a-corporation/]\n[https://www.blackstone.com/insights/article/my-personal-history-chapter-1/][https://www.blackstone.com/news/press/blackstone-raises-record-private-equity-fund-of-6-45-bilion/][https://www.blackstone.com/news/press/blackstone-private-equity-fund-closes-on-21-7-billion/][https://www.blackstone.com/our-businesses/real-estate/][https://www.blackstone.com/news/press/equity-office-announces-amendment-to-merger-agreement-with-blackstone/][https://www.blackstone.com/news/press/hilton-hotels-corporation-to-be-acquired-by-blackstone-investments-funds/][https://www.blackstone.com/news/press/the-blackstone-group-prices-4-133-billion-initial-public-offering/][https://www.blackstone.com/news/press/blackstone-closes-gso-acquisition/][https://www.blackstone.com/news/press/blackstone-closes-acquisition-of-strategic-partners-from-credit-suisse/][https://www.blackstone.com/news/press/blackstone-to-launch-40-billion-infrastructure-investment-vehicle-and-new-infrastructure-business/][https://www.blackstone.com/news/press/blackstone-completes-the-acquisition-of-clarus-establishing-a-new-life-sciences-investment-platform/][https://www.blackstone.com/news/press/jon-gray-named-president-and-chief-operating-officer-of-blackstone-tony-james-named-executive-vice-chairman/][https://www.blackstone.com/news/press/blackstone-completes-conversion-to-a-corporation/]", 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