Blackstone Inc.

Blackstone Inc. is a leading American alternative investment management firm headquartered in New York City. Established in 1985 by Peter Peterson and Stephen Schwarzman, the company has grown to become the world's largest alternative investment firm, managing over $1 trillion in assets as of May 2024. Blackstone's diverse investment portfolio includes private equity, real estate, credit, infrastructure, hedge funds, secondaries, growth equity, and insurance solutions. The firm's private equity division has been a significant player in leveraged buyouts over the past three decades, while its real estate segment has actively acquired commercial properties globally. Recent notable investments include the $11.5 billion acquisition of TXNM Energy, a utility company serving over 800,000 customers in Texas and New Mexico, and the $8 billion purchase of sandwich chain Jersey Mike's Subs. Blackstone's leadership comprises Chairman and CEO Stephen Schwarzman, President and COO Jonathan Gray, Head of Private Equity Joseph Baratta, and Chairman of Tactical Opportunities David Blitzer. The company's headquarters are located at 345 Park Avenue, New York City, United States.