Blackstone Group
Blackstone Inc. (NYSE: BX) is the world's largest alternative asset manager with $1.3 trillion in AUM, operating across private equity, real estate, credit and insurance, infrastructure, and multi-asset strategies for institutional investors, financial advisors, insurers, family offices, and individual savers globally.
- Company typePublic
- Founded1985
- HeadquartersNew York, United States
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
What Blackstone Group does
Blackstone Inc. (NYSE: BX), founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson and listed via IPO in 2007, is the world's largest alternative asset manager with $1.3 trillion in assets under management as of March 31, 2026. The firm operates a multi-strategy investment platform spanning private equity, real estate, credit and insurance (BXCI), multi-asset investing (BXMA), strategic partners (secondaries), tactical opportunities, infrastructure, life sciences, growth (BXG), energy transition, and technology and innovations (BXTI). It serves institutional investors (including pension systems representing 135+ million pensioners and contributing to $445B in lifetime investor gains), financial advisors and individual investors through the $310B private wealth channel (BREIT, BCRED, BMACX, BXPE, BXSL), family offices and endowments, insurance companies, and now defined-contribution/401(k) plans. The firm runs a global footprint across 30+ offices in the Americas, EMEA, and APAC.
Revenue is generated through three principal streams: recurring management fees on committed/invested capital and NAV (record $2.1B in quarterly management fees with 23% YoY fee-related earnings growth,), performance fees and carried interest from portfolio realizations (Q2 2026 projected combined realized performance revenues and principal investment income exceeding $500M), and principal investment income on balance sheet co-investments. New fee structures for 401(k) semiliquid funds (choice between incentive fees and flat fees) signal early fee competition in retirement channels. Distribution is multi-channel: an Institutional Client Solutions group serves LPs globally; a Private Wealth group serves financial advisors and RIAs; an Insurance Solutions group serves BXCI clients; and a Defined Contribution channel addresses retirement savers.
Technology and operations are anchored by Blackstone Technology and Innovations (BXTI) under CTO John Stecher, the Blackstone Operating Team led by Rodney Zemmel applying data science and AI transformation across 250+ portfolio companies, and an emerging AI infrastructure thesis executed via the $35B AI XPV Platform (Apollo/Broadcom partnership financing Anthropic compute), a $30B commitment to Japan AI data centers, and a $5B Google TPU partnership. Subsidiaries include BXMT, BCRED, BREIT, BMACX, BXSL, QTS, AirTrunk, Indurent, Everlake Life Group, and Priority Software. Blackstone Inc. is publicly traded with no parent company.
Blackstone Group firmographics
Firmographics- Name
- Blackstone Group
- Legal name
- Blackstone Inc.
- Website
- https://blackstone.com
- Company type
- Public
- Founded year
- 1985
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Blackstone Inc. (NYSE: BX) is the world's largest alternative asset manager with $1.3 trillion in AUM, operating across private equity, real estate, credit and insurance, infrastructure, and multi-asset strategies for institutional investors, financial advisors, insurers, family offices, and individual savers globally.
- Ownership category
- akta.pro rank
Blackstone Group industry classification
Industry- Product category
- Alternative Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Financial Investment Activities (5239), All Other Financial Investment Activities (52399), Other Financial Vehicles (525990)
- SIC
- Finance Services (6199), Investment Advice (6282), Investors, Nec (6799)
- akta.pro primary industry
- Energy & Sustainability / Climate Growth Equity (FSANACAG)
- akta.pro secondary industries
- Insurance General Accounts (Institutional Asset Owners) (FSAAAGAG), Small-Cap / Micro-Buyout (FSANABAD), Managed Account / SMA Multi-Manager Platforms (FSANAGAL), Bank-Affiliated Retail Wealth Management (FSAAAAAB)
Keywords
Where Blackstone Group is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices29 records
Markets served
Blackstone Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Management Fees: Recurring management fees charged on assets under management across private equity, real estate, credit & insurance, and multi-asset investing businesses. Blackstone reported record $2.1 billion in total management fees with 23% year-over-year fee-related earnings growth.
- Performance Fees / Realized Performance Revenues: Performance-based fees and carried interest from portfolio company exits and realizations. Blackstone projects combined realized performance revenues and principal investment income to exceed $500 million in Q2 2026.
- Investment Income / Principal Investments: Income from Blackstone's principal investments in its own funds, including co-investments and balance sheet investments across portfolio companies.
- Dividend Income from BXMT: Blackstone Mortgage Trust (BXMT) declared a $0.47 per share dividend for Q2 2026, reflecting income from senior loans collateralized by commercial real estate in North America, Europe, and Australia.
- Asset-Based Lending / Specialty Credit: Revenue from SablePointe Credit Strategies asset-based lending platform and other specialty credit facilities, including origination of senior secured credit facilities for corporate borrowers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Semiliquid fund fee structure for 401(k) plans |
| Other | Annual | Institutional management fee structure |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels8 records
Blackstone Group product offering
Product offeringCore offering
Blackstone Group is the world's largest alternative asset manager, deploying capital across private equity, real estate, credit and insurance, multi-asset investing, infrastructure, life sciences, growth, and energy transition strategies. With more than $1.3 trillion in assets under management, the firm serves institutional investors, financial advisors, individual investors, family offices, and insurers through both commingled funds and separately managed accounts.
Product overview
Blackstone Group operates a multi-strategy alternative asset management platform rather than a single unified product: a core set of investing businesses (Private Equity, Real Estate, Credit & Insurance, Multi-Asset Investing / BXMA, Strategic Partners, Tactical Opportunities, Infrastructure, Life Sciences, Growth / BXG, Energy Transition Partners, Technology & Innovations / BXTI) sits alongside a wealth-channel distribution layer of non-traded and public vehicles (BREIT for real estate, BCRED and BMACX for credit, BXPE for private equity, BXSL secured lending BDC) and an internal Operating Team that delivers data science and AI transformation to portfolio companies. Recent additions such as the SablePointe Credit Strategies asset-based lending platform and the AI XPV Platform with Apollo and Broadcom extend the credit and infrastructure franchises, while a $30B commitment to AI data centers in Japan ties the infrastructure business to AI compute demand.
Differentiator
Problem solved
Functional benefit
Brands
- Blackstone Real Estate Income Trust (BREIT): Non-traded real estate investment trust that invests in income-producing real estate. Marketed to individual investors through financial advisors.
- Blackstone Private Credit Fund (BCRED)
- Blackstone Private Multi-Asset Credit and Income Fund (BMACX)
- Blackstone Credit & Insurance (BXCI)
- Blackstone Multi-Asset Investing (BXMA)
- Blackstone Growth (BXG)
- Blackstone Strategic Partners
- Blackstone Tactical Opportunities (Tac Opps)
- Blackstone Infrastructure
- Blackstone Life Sciences
- Blackstone Energy Transition Partners
- Blackstone Mortgage Trust (BXMT)
- Blackstone Secured Lending Fund (BXSL)
- Harvest Fund Advisors
- SablePointe Credit Strategies
Products and services
- Private Equity
Quantifiable outcome
- $445 billion in lifetime gains for investors
- +7 more outcomes
Companies that use Blackstone Group
Customer profileNamed customers21 records
Segments6 records
Ideal customer profiles5 records
Blackstone Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability7 records
Feature5 records
Blackstone Group partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered minor, flagship, major and core.
- Obol (AI startup)minorPriority, an Israeli enterprise management software company controlled by Blackstone, acquired AI-powered cash flow management startup Obol in a deal valued at tens of millions of shekels. Obol serves approximately 100 customers and employs around 20 people.
- GoogleflagshipBlackstone has a $5 billion partnership with Google to support Google's commercial expansion of Tensor Processing Units (TPUs) and challenge Nvidia's dominance in the AI chip market. Also includes a $3.2 billion guarantee for the Lake Mariner AI data-center project in New York. Part of broader AI XPV Platform initiative.
- Trafford Council and OTRMDCmajorManchester United, with Blackstone as a key land seller through Indurent, is collaborating with Trafford Council and the Old Trafford Regeneration Mayoral Development Corporation on a 370-acre regeneration project delivering 15,000 homes, 48,000 local jobs, and over £7 billion annually to the UK economy.
- BerkadiaminorBerkadia arranged a $124.65 million loan from Blackstone on behalf of Harbor Group International affiliates for the refinancing of Alesio Urban Center in Irving, Texas.
- AnthropicflagshipBlackstone is a key investor in Anthropic's $65 billion Series H funding round at a $965 billion post-money valuation, alongside T. Rowe Price, Temasek, Amazon, and Alphabet. The investment supports Anthropic's enterprise AI growth and Claude Code AI coding assistant development.
- Clearwater AnalyticscoreClearwater Analytics launched Total Portfolio Oversight developed in partnership with Blackstone. The platform currently supports over $10 trillion in global assets for institutional investment workflows. Includes three AI-enabled products: Clearwater Compass, Total Portfolio Oversight, and Fund Analytics.
- Nippon Life Insurance CompanyflagshipNippon Life Insurance Company announced a comprehensive partnership with Blackstone to manage private credit and real estate investments, including a planned ¥1,500,000 million (¥1.5 trillion) commitment over five years and collaboration on roughly a dozen large urban properties.
- Apollo Global Management and BroadcomflagshipApollo and Blackstone partnered with Broadcom to launch the AI XPV Platform, a $35 billion initiative providing over 1 gigawatt of AI compute infrastructure for Anthropic, with deployment at Fluidstack sites beginning mid-2026. The platform leverages Broadcom's custom AI XPUs and networking solutions to support more than 20 gigawatts of AI compute capacity through 2028.
- BroadcomflagshipBroadcom's AI XPV Platform partnership with Apollo and Blackstone finances over 1 gigawatt of AI compute infrastructure for Anthropic through special purpose vehicles. Broadcom provides custom AI XPUs and networking solutions, with $30 billion in residual value guarantees.
- Aditya Birla Group / Times of India / Bolt VenturesflagshipConsortium led by Aditya Birla Group, Times of India, Bolt Ventures and Blackstone completed the $1.78 billion acquisition of Royal Challengers Bengaluru (RCB) IPL franchise in March 2026, ending United Spirits' tenure as owners.
- Tommy Fleetwood (Global Brand Ambassador)flagshipTommy Fleetwood announced as Blackstone's first Global Brand Ambassador on March 31, 2026. The partnership represents a flagship marketing collaboration for the firm.
- Merck Mercuriadis (Hipgnosis founder)coreBlackstone's $1.6 billion takeover of Hipgnosis Songs Fund potentially retains founder Merck Mercuriadis in an advisory role. The deal emerged from a competitive bidding process that included an earlier offer from Concord Music.
Scale indicators14 records
Recent moves9 records
Expansion highlights7 records
Blackstone Group competitors and assessment
Company assessmentDirect peers
- KKR & Co. KKR is a global alternative asset manager with private equity, real estate, credit and infrastructure franchises of comparable scale; it directly competes with Blackstone for institutional capital, large LBOs (e.g., bidding alongside Blackstone on Everlence), and private wealth distribution.
- Apollo Global Management: Apollo is a direct peer in private equity, credit/insurance and retirement services, and notably co-invests with Blackstone on flagship deals such as the $35B AI XPV Platform, the Medallia restructuring and the Google TPU partnership.
- Brookfield Asset Management: Brookfield is a direct competitor across real estate, infrastructure (including data centers and energy transition) and credit, and recently acquired a residential portfolio from Blackstone; it is also a peer in the listed alternative asset manager group.
- Ares Management: Ares is a leading publicly traded alternative asset manager with a credit-heavy platform that competes head-to-head with BXCI for private credit mandates and wealth-channel distribution (e.g., interval funds).
- Carlyle Group: Carlyle is a publicly traded global alternative asset manager with parallel private equity, credit and real estate strategies, often co-bidding or competing with Blackstone on mid- to large-cap deals and seeking the same institutional and private wealth LP base.
- CVC Capital Partners: CVC is a large European-rooted private equity and credit manager that recently went public, competing with Blackstone for global buyouts (e.g., shortlisted alongside Blackstone for Volkswagen's Everlence division).
- Bain Capital: Bain Capital is a global alternative asset manager with private equity, credit and real estate franchises, bidding alongside Blackstone for large assets such as TEPCO capital alliances and Everlence, and pursuing adjacent growth, infrastructure and life sciences strategies.
- TPG Inc. TPG is a publicly traded alternative asset manager with private equity, growth and capital solutions strategies; it partnered with Blackstone on the $18B+ Hologic take-private and competes for the same large-cap healthcare and growth investments.
- EQT AB: EQT is a European-headquartered alternative asset manager with private equity, infrastructure and growth strategies, shortlisted alongside Blackstone for Everlence and pursuing similar thematic infrastructure and energy transition mandates.
Broad incumbents
- StepStone Group: StepStone is a global private markets investment firm focused on fund-of-funds, secondaries and co-investments, competing with Blackstone Strategic Partners for LP advisory and secondary mandates across institutional and private wealth channels.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
Blackstone Group social profiles
Digital presenceBlackstone Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Blackstone Group leadership team
Management profileNumber of profiles
Profiles20 records
Blackstone Group subsidiaries and ownership
Company hierarchySubsidiaries15 records
Blackstone Group funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Blackstone Group M&A and investment
M&A and investmentM&A205 records
Investments330 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Blackstone Group
What does Blackstone Group do?
Blackstone Group is the world's largest alternative asset manager, deploying capital across private equity, real estate, credit and insurance, multi-asset investing, infrastructure, life sciences, growth, and energy transition strategies. With more than $1.3 trillion in assets under management, the firm serves institutional investors, financial advisors, individual investors, family offices, and insurers through both commingled funds and separately managed accounts.
Is Blackstone Group a public or private company?
Blackstone Group is a public company. It is classified as public and is currently operating.
When was Blackstone Group founded?
Blackstone Group was founded in 1985. It employs 5,001 to 10,000 people.
Where is Blackstone Group based?
Blackstone Group is headquartered in New York, United States, in the North America region.
How does Blackstone Group make money?
Five revenue lines are on record. Management Fees are the primary driver. The others are performance Fees / Realized Performance Revenues, investment Income / Principal Investments, dividend Income from BXMT and asset-Based Lending / Specialty Credit.
Who are Blackstone Group's main competitors?
Direct peers on record are KKR & Co., Apollo Global Management, Brookfield Asset Management, Ares Management, Carlyle Group, CVC Capital Partners, Bain Capital, TPG Inc. and EQT AB. StepStone Group is listed as a broad incumbent.
Does Blackstone Group have an API?
No public API is recorded for Blackstone Group.
What industry is Blackstone Group in?
Blackstone Group's product category is Alternative Asset Management. Its primary akta.pro industry code is FSANACAG, Energy & Sustainability / Climate Growth Equity, with a secondary code of FSAAAGAG, Insurance General Accounts (Institutional Asset Owners). Its NAICS code is 523940 and its SIC code is 6199.