# Blackstone Inc. **Source:** https://geo.sig.ai/brands/blackstone-inc **Vertical:** Consumer Finance **Subcategory:** Enterprise **Tier:** Leader **Website:** blackstone.com **Last Updated:** 2026-04-14 ## Summary New York alternative asset manager (NYSE: BX) at $1.2T AUM; 2024 revenue $11.37B (+53%), AirTrunk A$24B Asia-Pacific data center acquisition, distributable earnings $6B competing with Apollo and KKR. ## Company Overview Blackstone Inc. is a New York City, New York-based alternative asset management company — publicly traded on the New York Stock Exchange (NYSE: BX) as an S&P 500 Financials component — managing $1.2 trillion in assets under management across private equity, real estate, credit and insurance, and hedge fund solutions through approximately 4,900 employees serving institutional investors, sovereign wealth funds, pension funds, insurance companies, and high-net-worth individuals globally. Founded in 1985 by Stephen Schwarzman and Peter G. Peterson, Blackstone grew from a boutique M&A advisory into the world's largest alternative asset manager. In fiscal year 2024, Blackstone reported revenue of $11.37 billion (+53% year-over-year) and distributable earnings of $6.0 billion (+18%), reflecting strong performance across its diversified alternative asset portfolio. AUM reached $1.2 trillion by mid-2025. CEO Steve Schwarzman and President Jonathan Gray lead the firm. Blackstone's landmark 2024 transaction was the A$24 billion acquisition of AirTrunk — Asia-Pacific's largest data center platform — through its real estate funds, positioning Blackstone as a dominant owner of AI infrastructure in the world's fastest-growing digital economy. Blackstone's alternative asset management model creates a fee-generating machine through the alignment of long-term capital with illiquid investment opportunities: institutional investors (pension funds, sovereign wealth funds, insurance companies) allocate capital to Blackstone funds in exchange for exposure to private equity buyouts, commercial real estate, private credit, and infrastructure — asset classes that generate excess returns (alpha) relative to public markets over a 7-10 year fund lifecycle. Blackstone earns management fees (1.5-2% of committed capital annually) throughout the fund life and performance fees (carry of 20% of profits above an 8% hurdle rate) upon fund realization — creating predictable fee income that scales with AUM growth. The perpetual capital strategy (BREIT real estate investment trust, BCRED private credit BDC, and infrastructure vehicles) converts what was historically episodic fund-by-fund performance income into recurring management fee streams from retail and insurance investors who cannot exit quarterly. In 2025, Blackstone competes in alternative asset management and private markets against Apollo Global Management (NYSE: APO, $733B AUM), KKR & Co. (NYSE: KKR, $600B+ AUM), and Carlyle Group (NASDAQ: CG, $447B AUM) for institutional capital allocation, deal sourcing, and private markets product distribution. The AirTrunk acquisition (A$24B) represents the largest Asia-Pacific data center acquisition in history and signals Blackstone's conviction that AI infrastructure — data centers, power generation, fiber networks — represents the defining private real estate investment opportunity of the 2020s. The BREIT retail real estate vehicle (managing $60B+) and BCRED private credit vehicle collectively demonstrate Blackstone's strategy of democratizing alternative investments by packaging institutional private market strategies into structures accessible to individual investors. The 2025 strategy focuses on continued real estate and infrastructure deployment into AI-driven data center demand, private credit growth as banks retrench from leveraged lending, and retail alternative product distribution expansion through wealth management channels. ## Frequently Asked Questions ### What is Blackstone Inc.? Blackstone Inc. is the world's largest alternative investment firm with over $1.2 trillion in assets under management as of September 2025. Founded in 1985, Blackstone specializes in private equity, real estate, credit, infrastructure, life sciences, and hedge fund investments, serving institutional and individual investors globally. ### Who are Blackstone's main clients and investors? Blackstone serves a diverse range of clients including pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and high-net-worth individuals. The firm increasingly serves individual investors through its private wealth solutions, democratizing access to alternative investments. ### When was Blackstone founded and by whom? Blackstone was founded on January 1, 1985, by Stephen A. Schwarzman and Peter G. Peterson in New York City with $400,000 in seed capital. Both founders previously worked together at Lehman Brothers, where Schwarzman headed global mergers and acquisitions. ### Where is Blackstone headquartered? Blackstone is headquartered at 345 Park Avenue in New York City. The firm operates globally with 26 offices across Europe, America, and Asia, including major locations in London, Hong Kong, Abu Dhabi, and Beijing. ### How much does Blackstone manage and what is its revenue? As of September 2025, Blackstone manages over $1.2 trillion in assets under management. In fiscal year 2024, the firm generated $11.37 billion in revenue (up 53% from 2023), $6.0 billion in distributable earnings (up 18%), and $2.07 billion in adjusted free cash flow. ### What makes Blackstone different from its competitors? Blackstone differentiates itself through its scale as the world's largest alternative asset manager, its diversified investment platform across multiple asset classes, its proprietary deal flow and global network, and its operational expertise through the Blackstone Operating Team that partners with portfolio companies to drive value creation. ### Who are Blackstone's main competitors? Blackstone's main competitors include KKR (Kohlberg Kravis Roberts) with $664 billion in AUM, Apollo Global Management with $785 billion in AUM, Carlyle Group with $376 billion in AUM, and Brookfield Asset Management. Despite competition, Blackstone remains the industry leader in assets under management. ### How can I contact Blackstone? Blackstone's headquarters can be reached at +1 (212) 583-5000. For investor relations in the US, call +1 (888) 756-8443, or internationally at +1 (646) 313-6590. Press inquiries should be directed to media@blackstone.com. Visit www.blackstone.com for more information. ### Is Blackstone hiring? Yes, Blackstone regularly hires across its global offices for roles in investment teams, operations, technology, and corporate functions. The firm employs approximately 4,900 professionals worldwide and offers competitive compensation, professional development programs, and employee resource groups. Career opportunities can be found on their website. ### What's the latest news about Blackstone? Recent major developments include the September 2024 agreement to acquire AirTrunk for A$24 billion (Blackstone's largest Asia Pacific investment), the November 2024 acquisition of Jersey Mike's Subs, ongoing acquisitions of MacLean Power Systems ($4 billion) and Hill Top Energy Center ($1 billion), and continued strong financial performance with record fee-related earnings in 2024. ### What is Blackstone's market position? Blackstone holds the #1 position globally as the world's largest alternative investment firm with $1.2 trillion in AUM, significantly ahead of its closest competitors Apollo ($785 billion) and KKR ($664 billion). The firm ranked 321st on the Fortune 500 in 2024 with $13.2 billion in gross revenue. ### What are Blackstone's future plans and strategic focus? Blackstone is strategically focused on digital infrastructure and data centers (evidenced by the A$24 billion AirTrunk acquisition), energy transition investments, expanding its private wealth platform to serve individual investors, and continuing to grow its credit and infrastructure businesses. The firm aims to maintain its market leadership position while pursuing high-conviction investment opportunities globally. ## Tags b2c, fintech, global, public --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*