Founded in 1985 by Stephen Schwarzman and Peter Peterson, Blackstone Group Inc. (BX) is one of the world's premier asset management and investment companies. Based in New York City, it is globally renowned for its direct and fund-of-fund investment services in various sectors including private equity, real estate, public equity, infrastructure, fixed income, and more.
Blackstone follows an opportunistic investing approach, where it buys undervalued assets during economic downturns and divests them once their values appreciate. The company leverages its global presence, intimate market knowledge, and expert operational guidance to aid its investment decisions, thus providing investment vehicles that are appealing to many investors.
Spanning significantly across various geographies and business sectors, Blackstone’s global footprints and massive assets under management (AUM) hold testimony to its remarkable growth. As of 2021, Blackstone's total AUM stood at an astounding $731.2 billion, affirming its prowess in the global investment arena.
In terms of business segments, Blackstone operates primarily through four divisions: Private Equity, Real Estate, Hedge Fund Solutions, and Credit. Its Private Equity division comprises the largest portion of the Group's AUM, while its Real Estate segment is one of the largest in the world.
Blackstone's Hedge Fund Solutions segment is a global market leader in discretionary and advisory hedge fund solutions, and the Credit division includes a broad range of funds that invest in senior and subordinated debt instruments, with return profiles ranging from secure to distressed.
The company also takes its corporate responsibility very seriously. Through “Blackstone Cares”, it invests in education, entrepreneurship, and communities, aiming to help people move up the socio-economic ladder.
Throughout its operational history, Blackstone has established a strong track record of supporting businesses, fueling economic growth, creating jobs, assisting communities, and generating substantial capital for its investors. With its many strategic partnerships, strong investment performance, and high ethical standards, Blackstone Inc. continues to stand as one of the world's most successful investment management firms.
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Despite signs of easing redemptions in the private credit industry, major players like Apollo Global, Blue Owl Capital, and Blackstone have seen their stock prices slide this month. The downturn is attributed to rising US Treasury yields impacting portfolio companies and significant exposure to the AI industry, where concerns about project delays have emerged. Nevertheless, these companies reported strong revenue growth in the last quarter, indicating resilience in a challenging market.
Carlyle Group Inc. (NASDAQ:CG) has an average "Hold" rating from sixteen research firms, with an average 12-month price target of $58.93. The company recently reported strong quarterly results, beating EPS and revenue expectations, but its stock is trading near its 52-week low. Insider David Rubenstein sold 400,000 shares, while institutional investors hold a significant portion of the stock.
Bank of America Corp DE acquired a new position of 764,474 shares in Sixth Street Specialty Lending, Inc. (TSLX) during the second quarter, valued at approximately $13.1 million. This purchase represents about 0.8% of the company, with institutional investors collectively owning 70.25% of TSLX. The company recently reported quarterly EPS of $0.43, exceeding estimates, and declared a quarterly dividend of $0.42 per share, yielding 9.2%.
The Fidelis Partnership, an insurance underwriter backed by Blackstone, has filed for a U.S. initial public offering, aiming to capitalize on the fall listing window. This move comes as the broader IPO market has seen a tepid start to the fall season due to surging bond yields and tightening rates. TFP Group, founded by Richard Brindle, reported strong financials with net income of $127.5 million and revenue of $407.5 million for the first half of the year.
Galaxy Digital (GLXY) stock's recent performance is examined in relation to its sales, especially given its volatile nature tied to digital finance. The article suggests that with a Price/Sales (P/S) ratio of 0.1x, significantly lower than the industry average, the stock might be undervalued based on its fundamentals. While its fair value based on a tailored model is much higher, the current low P/S ratio implies the market is pricing in significant caution, leaving it up to investors to decide if this discount is justified.
Joseph Baratta, Blackstone's global head of private equity and one of its most senior executives, is reportedly preparing to leave the firm. Having been with Blackstone for nearly three decades, Baratta's departure would mark another significant exit from the private-investment giant, with the timing likely to be around the end of this year.
Boyd Gaming sold the former Eastside Cannery Casino site in Las Vegas for $28.8 million, incurring a $16.2 million loss after purchasing it for $45 million in 2025. The 29.5-acre property will be developed into a subdivision of 279 single-family homes. This sale is part of a trend of recent land and casino deals in Las Vegas, including MGM Resorts' "asset-light" strategy and the reopening of Club Fortune Casino North.
KKR & Co. Inc. (KKR) is an $85.8 billion market cap global investment firm specializing in various asset classes, known for its diversified, fee-generating model. Despite a strong Q2 2026 performance and a significant sale of USI Insurance Services, KKR's stock has underperformed the Nasdaq, dipping below key moving averages due to investor caution regarding interest rates and AI disruption. Analysts, however, remain highly bullish on KKR, with a "Strong Buy" consensus and a significant upside potential.
Blackstone's major shareholder, Holdings Iv L.P. Blackstone, acquired an additional 191,695 shares of the company's stock for approximately $5.02 million, increasing its direct ownership to 8.9 million shares. This comes as Blackstone reported strong quarterly results, with EPS of $1.52 exceeding estimates and revenue rising 35.9% year-over-year, leading to an increased quarterly dividend of $1.29 per share. Despite a consensus "Moderate Buy" rating and an average price target of $148.71, the stock faces risks from sector pressure, higher bond yields, and private-credit valuation concerns.
Blackstone has purchased a former Nvidia R&D building in Sunnyvale for $95 million. The property at 350 Cobalt Way is notable for its nearly 10 megawatts of electrical capacity, a crucial asset for AI and advanced manufacturing companies in Silicon Valley where high-power infrastructure is becoming increasingly scarce. This acquisition highlights the growing demand for power-rich real estate in the tech sector.