# Blackstone

> Blackstone is the world's largest alternative asset manager, with roughly $1.35 trillion in assets under management as of mid-2026. Founded in 1985 by Stephen Schwarzman and Peter Peterson as a two-person M&A advisory shop, it now invests across private equity, real estate, credit and insurance, and hedge fund solutions on behalf of pension funds, sovereign wealth funds, insurers and, increasingly, individual investors. In recent years the firm has become one of the most important private backers of the AI build-out, owning data-center platform QTS and stakes in companies like Anthropic and OpenAI.

- **Founded:** 1985
- **Headquarters:** New York, New York, United States
- **Founders:** Stephen A. Schwarzman (Co-Founder, Chairman & CEO), Peter G. Peterson (Co-Founder (former Chairman, d. 2018))
- **Team size:** Approximately 5,000+ employees globally (data provider lists ~5,300)
- **Products:** Private Equity, Real Estate, Credit & Insurance, Multi-Asset Investing (BAAM), Infrastructure & Data Centers (QTS / BXDC)
- **Notable:** World's largest alternative asset manager, ~$1.35 trillion AUM as of Q2 2026, Largest commercial real estate owner globally, Record Q2 2026: distributable earnings up 26% to $2.0B, fee-related earnings up 22%

## Products & services

- **Private Equity** — Corporate private equity, growth equity, tactical opportunities and secondaries - buying, building and improving companies globally. Roughly $454B AUM.
- **Real Estate** — The world's largest commercial real estate owner, spanning logistics, rental housing, hospitality and data centers, plus the retail BREIT vehicle.
- **Credit & Insurance** — Private and liquid credit, asset-based finance, CLOs and insurance solutions - a platform that reached roughly $469B AUM.
- **Multi-Asset Investing (BAAM)** — Hedge fund solutions and multi-strategy investing for institutions, formerly Blackstone Alternative Asset Management.
- **Infrastructure & Data Centers (QTS / BXDC)** — Digital and energy-transition infrastructure, including QTS data centers and the publicly listed Blackstone Digital Infrastructure Trust (BXDC).
- **BREIT** — Blackstone Real Estate Income Trust - a non-traded REIT giving individual investors access to institutional-quality real estate.

## Achievements

- World's largest alternative asset manager, ~$1.35 trillion AUM as of Q2 2026
- Largest commercial real estate owner globally
- Record Q2 2026: distributable earnings up 26% to $2.0B, fee-related earnings up 22%
- Built a data-center empire valued internally at ~$185 billion
- Raised ~$2B in the largest blind-pool REIT IPO to date (BXDC)
- Grew from $400,000 in seed capital in 1985 to a trillion-dollar-plus platform

## Latest updates

- **2026-07** — Reported record Q2 2026 results: $1.35T AUM (up 11% YoY), distributable earnings up 26% to $2.0B, and $213B in dry powder.
- **2026-02** — Reported plans to launch a publicly traded company to acquire AI data centers, extending its digital-infrastructure strategy.
- **2026-06** — Data-center business marked up to ~$185B internally, from ~$130B at the start of the year, on AI-driven demand.
- **2026-01** — QTS Data Centers moved to raise ~$4.6B, beginning with a 10-year investment-grade green bond sale.

## Links

- Website: https://blackstone.com
- LinkedIn: https://www.linkedin.com/company/blackstoneinc
- Twitter/X: https://twitter.com/blackstone
- YouTube: https://www.youtube.com/user/BlackstoneGroup
- Instagram: https://www.instagram.com/blackstone
- Facebook: https://facebook.com/blackstone/

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Profile page: https://yespress.io/blackstone
Published by YesPress — https://yespress.io
Last updated: 2026-08-12