Blackstone Inc.

Blackstone Inc.

Headquarters at 345 Park Avenue
Company type	Public
Traded as	NYSE: BX S&P 500 component
Industry	Financial services
Founded	1985; 39 years ago (1985)
Founders	Peter Peterson Stephen Schwarzman
Headquarters	345 Park Avenue (New York City, U.S.)
Key people	Stephen Schwarzman (chairman and CEO) Jonathan Gray (president and COO) Joseph Baratta (Head of Private Equity) David Blitzer (Global Head of Tactical Opportunities)
Products	Alternative investment Private equity
Revenue	US$8.02 billion (2023)
Net income	US$2.44 billion (2023)
AUM	US$1.04 trillion (2023)
Total assets	US$40.3 billion (2023)
Total equity	US$6.82 billion (2023)
Number of employees	4,735 (2023)
Subsidiaries	Blackstone Credit
Website	blackstone.com
Footnotes / references [1]

Blackstone Inc. (informally referred to as just "Blackstone") is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone is also active in credit, infrastructure, hedge funds, insurance, secondaries, and growth equity. As of May 2024, Blackstone has more than US$1 trillion in total assets under management, making it the largest alternative investment firm globally.^[2]

Blackstone was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers.