Company
Blackstone
Official Name: The Blackstone Group Inc.
Headquarters: New York, NY, United States
Founded: 1985
Employees: 3,795
CEO: Mr. Stephen Allen Schwarzman B.A., M.B.A.
Market Cap
$148.37 Billion
USD as of July 1, 2024
Blackstone Categories
United States Financials Asset ManagementUnited States Financials United States Asset Management
Company Description
The Blackstone Group Inc. is a company dedicated to alternative investment management. It operates in four key businesses areas: private equity with minority investments in companies, corporate partnerships, and some startups; real estate, with investments in multiple real estate companies; hedge funds, through funds of hedge funds and other funds segments; and credit, through its acquisition of GSO Capital Partners, a credit-oriented alternative asset manager.
Top Competitors by Market Capitalization
Industry: Asset Management
| Company | Market Cap (USD) |
|---|---|
| BlackRock | $117.48 B |
| KKR & Co. Inc. | $97.78 B |
| Brookfield Corporation | $65.40 B |
| The Bank of New York Mellon Corporation | $44.78 B |
| Ares Management Corporation | $43.24 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts,special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, healthcare, life sciences, enterprise tech and consumer, as well as consumer technologies. The fund considers investment in Asia and Latin America. It has a three year investment period. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. Blackstone Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe and North America.
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Stocks & Indices
The Blackstone Group Inc. has the following listings and related stock indices.
Stock: NYSE: BX wb_incandescent
Stock: FSX: BBN1 wb_incandescent
Product & Services
Private equityalternative investment management
Key People
Founder(s): Peter G. Peterson Stephen A. Schwarzman
Stephen A. Schwarzman(chairman and CEO)
Financials
Revenue: US$6.102 billion (Q4 2020)
Operating income: US$4.117 billion (2017)
Net income: US$2.262 billion (Q4 2020)
Total assets: US$26.269 billion (Q4 2020)