Blackstone
VerifiedBlackstone is the world’s largest alternative asset manager, with a record $1.35 trillion in assets under management as of Q2 2026 across private equity, credit, real estate and infrastructure. Founded in 1985 by Stephen Schwarzman and Pete Peterson, the New York firm leads the industry’s push into private wealth with evergreen vehicles such as BXPE and ECRED.
On This Page
Total Funds (On Fundscouter)
5
AUM
€1350B
Team Size
5000
Founded
1985
Company Information
Investment Focus Details
Alternative Investments (PE, Credit, Real Estate, Infrastructure)
About Blackstone
The $1.35 Trillion Standard-Setter
Blackstone, the world’s largest alternative asset manager, is getting further and further away from the rest. The New York-based firm was founded by Stephen Schwarzman and Pete Peterson in 1985 with a $400,000 balance sheet. Today, Blackstone has grown to a record $1.35 trillion in assets under management, up 11% over the past year. In the second quarter of 2026 alone, the firm brought in nearly $70 billion in new capital — and in a notable shift for the classic buyout shop, data centers, AI infrastructure and private credit now make up an increasingly large share of the total.
Key Figures (Q2 2026)
Assets Under Management
$1.35T
Record; +11% year over year
Quarterly Inflows
~$70B
Q2 2026
Distributable Earnings
$2.0B
Q2 2026, +26% YoY
Infrastructure AUM
$90B
+40% year over year
Founded
1985
By Schwarzman & Peterson, New York
Funds on Fundscouter
2
BXPE and ECRED
Private Wealth: the Retail Push
Blackstone’s Private Wealth Solutions arm enables private investors to access the same institutional strategies on an evergreen basis, with monthly or quarterly liquidity. This includes the flagship BXPE private equity strategy and the European private credit fund ECRED, both profiled on Fundscouter. The formula is consistent across these vehicles: perpetual structures, lower minimums than typical drawdown funds, and gates instead of lock-ups.
Leadership
Stephen A. Schwarzman
Chairman, CEO & Co-Founder
Jonathan Gray
President & Chief Operating Officer
Michael Chae
Chief Financial Officer
History
Founded in New York
Stephen Schwarzman and Pete Peterson start Blackstone with a $400,000 balance sheet.
NYSE listing
Blackstone goes public in one of the largest IPOs of the decade.
First to $1 trillion
Becomes the first alternative asset manager to reach $1 trillion in AUM.
Record $1.35 trillion
Q2 2026 sets records for AUM and distributable earnings, powered by data centers, AI infrastructure and private credit.
Scale: the Edge and the Caveat
Blackstone’s scale provides it with access to deals, data and financing terms other private markets managers can only dream of — its infrastructure platform alone grew 40% to $90 billion over the past year. But the firm’s retail-accessible vehicles are still young, and gated liquidity has been tested in stressed markets before: most famously at the US property fund BREIT in 2022-2023. Investors get institutional machinery, and should read the liquidity terms the way institutions do.
Blackstone Funds (5)
Blackstone ECRED
Min. Investment
€25,000
Mgmt Fee
1.25%
Domicile
Luxembourg
Blackstone European Private Credit Fund (ECRED) is Blackstone’s evergreen European direct-lending vehicle: a Luxembourg SICAV launched in October 2022 that originates floating-rate, first-lien senior secured and unitranche loans to upper-mid-market European companies. €2.5 billion across 243 investments as of February 2026, 8.7% annualized net return since inception (A-A EUR), monthly subscriptions and gated monthly redemptions from €25,000.
Blackstone Private Credit Fund (BCRED)
Min. Investment
€2,500
Mgmt Fee
1.25%
Domicile
United States
Blackstone Private Credit Fund (BCRED) is the largest non-traded BDC in existence today. The perpetual-life US direct lending vehicle has an aggregate net asset value of $43.0 billion and a $77 billion portfolio that is 91% first lien senior secured, with 99.8% of performing debt floating rate. Subscriptions are accepted monthly at NAV, quarterly share repurchases are capped at 5% of shares outstanding, and the fund charges a 1.25% management fee plus a 12.5% incentive fee above a 5% hurdle.
Blackstone Private Equity Strategies (BXPE)
Min. Investment
€25,000
Mgmt Fee
1.25%
Domicile
United States
Blackstone Private Equity Strategies (BXPE) functions as an evergreen private equity fund which lets qualified investors join Blackstone's worldwide buyout operations through a semi-liquid investment vehicle. The fund operates under Blackstone Inc. management which operates as the world's largest alternative asset manager to provide private equity access to institutional investors through BXPE.
Blackstone Real Estate Income Trust (BREIT)
Min. Investment
€2,500
Mgmt Fee
1.25%
Domicile
United States
Blackstone Real Estate Income Trust (BREIT) is the largest non-traded REIT: a perpetual-life vehicle with a $57.4 billion NAV and approximately $104 billion of total asset value in income-producing US real estate. Roughly 90% of the portfolio sits in rental housing, industrial and data centers, with about 65% of properties in Sunbelt markets. NAV is struck monthly, subscriptions and distributions are monthly, and repurchases are capped at 2% of NAV per month and 5% per quarter.
Blackstone Secured Lending Fund (BXSL)
Min. Investment
N/A
Mgmt Fee
1%
Domicile
United States
Blackstone Secured Lending Fund (BXSL) is the listed business development company of Blackstone. It holds a $13.3 billion portfolio of loans made to 313 private US companies, with 96.8% of the portfolio comprised of first lien senior secured loans and over 96% floating rate as of June 2026. The shares of the fund trade daily on the NYSE and pay a quarterly dividend of $0.77 per share.
This profile is verified and managed by Blackstone on Fundscouter