Blackstone Inc. (BX) is the world's largest alternative asset manager, specializing in private equity, real estate, credit, and hedge fund investments. Founded in 1985, it manages over $1 trillion in assets, serving global investors with a focus on long-term value. Headquartered in New York, Blackstone is publicly traded on the NYSE under BX.
About Blackstone Inc (BX)
Blackstone Inc. (NYSE: BX) is a leading global alternative asset manager, specializing in investment strategies across various sectors, including real estate, private equity, credit, and hedge funds. As of the third quarter of 2024, the firm reported assets under management totaling $1.11 trillion, reflecting a 9.9% increase from the previous year.
In the real estate sector, Blackstone has been notably active, investing $10 billion in the second quarter of 2024, up from $4 billion in the same period the previous year. Despite a general stabilization in the commercial real estate market, the firm acknowledges ongoing challenges in the office sector, anticipating further distressed assets in this area.
Recent strategic acquisitions include a partnership with Jersey Mike’s Subs, valuing the sandwich chain at $8 billion, signaling plans for significant expansion. Additionally, Blackstone acquired a $3.5 billion stake in EQT Corporation’s midstream assets, enhancing its presence in energy infrastructure.
As of February 14, 2025, Blackstone’s stock is trading at $160.48 per share, with an intraday high of $162.82 and a low of $158.48.
Vision and Mission of Blackstone Inc (BX)
Blackstone Inc. is committed to delivering outstanding performance for institutional and individual investors by stewarding their capital with integrity and conviction. The firm emphasizes its core values, which include:
- Relentlessly pursuing excellence: Striving to be the best at what they do, applying global talent and scale to generate compelling outcomes for clients.
- Never compromising integrity: Adhering to the highest standards of integrity to maintain and deepen client trust.
- Outperforming through innovation: Approaching work with a builder mindset, creating new opportunities through innovation and entrepreneurialism.
- Delivering for customers: Being meticulous custodians of capital, deploying it when they have conviction that they can deliver lasting value.
- Working humbly and together: Building diverse teams of extraordinary professionals who advocate for the best ideas and celebrate each other’s wins.
Products of Blackstone Inc (BX)
Blackstone Inc. offers a diverse range of investment products across various asset classes, catering to both institutional and individual investors. Key offerings include:
Real Estate Products:
- Blackstone Real Estate Income Trust (BREIT): A non-traded real estate investment trust focusing on income-generating properties.
- Blackstone Mortgage Trust (BXMT): A real estate finance company primarily engaged in originating and acquiring senior loans collateralized by commercial properties.
Credit Products:
- Blackstone Private Credit Fund (BCRED): A business development company that provides private credit solutions to U.S. companies, aiming to generate current income for investors.
- Blackstone Secured Lending Fund (BXSL): Focuses on senior secured loans to U.S. middle-market companies, offering investors access to income-oriented credit investments.
Multi-Asset Investing Funds:
- Blackstone Alternative Investment Funds (BXMIX, BXMDX, BXMYX): Mutual funds that provide access to Blackstone’s hedge fund strategies, aiming for diversification and risk-adjusted returns.
Exchange-Traded Funds (ETFs):
- SPDR® Blackstone Senior Loan ETF (SRLN): An ETF that invests in senior loans, offering investors exposure to floating-rate debt instruments.
- SPDR® Blackstone High Income ETF (HYBL): Focuses on high-yield debt securities, aiming to provide high current income.
These products reflect Blackstone’s commitment to delivering innovative investment solutions tailored to meet the diverse needs of its clients.
Key Figures at Blackstone Inc (BX)
Blackstone Inc. is led by a team of seasoned executives who guide its strategic direction:
- Stephen A. Schwarzman: Chairman, CEO, and Co-Founder. Since co-founding Blackstone in 1985, Mr. Schwarzman has been instrumental in its growth into a leading global investment firm.
- Jonathan D. Gray: President and Chief Operating Officer. Joining Blackstone in 1992, Mr. Gray ascended to his current role in 2018, overseeing the firm’s day-to-day operations.
- Michael S. Chae: Chief Financial Officer. Mr. Chae manages Blackstone’s financial functions, including accounting, treasury, and investor relations.
- John G. Finley: Chief Legal Officer. Since 2010, Mr. Finley has overseen all legal and compliance matters for the firm.
- Vik Sawhney: Chief Administrative Officer and Global Head of Institutional Client Solutions. Mr. Sawhney leads administrative functions and manages relationships with institutional clients.
- Joseph Baratta: Global Head of Private Equity. Mr. Baratta directs Blackstone’s private equity operations worldwide.
- David Blitzer: Chairman of Tactical Opportunities. Mr. Blitzer leads the Tactical Opportunities group, focusing on unique investment opportunities.
These leaders, among others, drive Blackstone’s strategic initiatives and uphold its commitment to excellence in investment management.
Stock Price Fluctuations of Blackstone Inc (BX)
Blackstone Inc. (NYSE: BX) has experienced notable stock price fluctuations over the past year. As of February 14, 2025, the stock is trading at $160.48 per share, with an intraday high of $162.82 and a low of $158.48.
In 2024, Blackstone’s stock reached an all-time high closing price of $199.05 on November 22. The 52-week high was $200.96, approximately 25% above the current share price, while the 52-week low was $115.82, about 28% below the current price.
These fluctuations reflect the company’s dynamic performance and market conditions over the past year.
History and Evolution of Blackstone Inc (BX)
Blackstone Inc., founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman, began as a mergers and acquisitions advisory firm. The name “Blackstone” is derived from a combination of the founders’ surnames: “Schwarz” means “black” in German, and “Peter” translates to “stone” in Greek.
In its early years, Blackstone expanded into private equity, raising its first fund in the aftermath of the 1987 stock market crash. The firm diversified further in 1990 by launching a hedge funds business, initially managing internal assets. That same year, Blackstone formed partnerships in Europe and entered the real estate market with significant hotel acquisitions.
Throughout the 1990s, Blackstone broadened its investment portfolio, venturing into various industries and asset classes. Notable investments included the acquisition of CNW Corporation in 1989 and the launch of its hedge funds business in 1990.
In 2007, Blackstone became a public company through an initial public offering, selling a 12.3% stake for $4.13 billion. This move marked a significant milestone, providing capital for further expansion.
Over the years, Blackstone has continued to grow, diversifying its investments across various sectors and geographies. As of 2023, the firm reported assets under management exceeding $1 trillion, solidifying its position as the world’s largest alternative asset manager.
Today, Blackstone operates across multiple investment disciplines, including private equity, real estate, credit, and hedge fund solutions, serving both institutional and individual investors globally.
How to Buy Blackstone Inc (BX) Stocks
Interested in buying shares of this tech company? You can buy Blackstone Inc (BX) shares with simple steps:
- Install Nanovest app on the App Store or Play Store.
- Register according to the instructions.
- Verify your identity for security and convenience when buying stocks through the KYC feature which you can do in just 1 minute.
- Top Up your balance to your Nanovest account.
- Go to the stock menu, search and select Blackstone Inc (BX).
- Click the Buy button and confirm the purchase with your desired amount. You can start with only IDR 5,000.
Before investing in the stocks you want, do some research and analysis first. You can do this by checking company profile, industry conditions, company financial reports, and analyzing previous stock price movements. This analysis is important so that you can develop an accurate investment strategy and minimize losses.
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