Founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman, Blackstone Inc. is today the world's largest alternative investment management firm with over $1 trillion under management as of May 2024.
Headquartered in New York City, Blackstone provides a diversified array of investment strategies that includes private equity, real estate, credit, and hedge funds.
History of Development and Expansion
It was founded initially as an advisory on mergers and acquisitions; Blackstone developed private equity businesses in the late 1980s. Strategically placed investment and acquisitions have been the reason for its growth into one of the largest alternative investment managers in the world.
Investment Strategies and Operations
- Blackstone's investment approach is characterized by its diversified portfolio across various asset classes:
- Private Equity: Blackstone's private equity division focuses on leveraged buyouts and growth capital investments, targeting companies with potential for operational improvements and value creation.
- Real Estate: The real estate segment involves the acquisition and management of commercial properties worldwide, including office buildings, hotels, and industrial facilities.
- Credit: The company invests in debt instruments through its credit division, including corporate debt, structured credit, and distressed assets.
- Hedge Funds: Its hedge fund business features various strategies, which at times include long/short equity, event-driven, and macroeconomic investments.