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Exit Blackstone
NYSE: BXalso invests · investor profilePublic · 2 known investors
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Blackstone is a publicly listed alternative asset manager with about $1.3 trillion in assets under management.
Also known as Blackstone · Blackstone Inc. · BX · The Blackstone Group
Founders & leadership
Investors · 2
Also in the syndicate · 1
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026Blackstone (NYSE: BX) is an alternative asset manager that invests on behalf of institutional and individual investors. The firm reports more than $1.3 trillion in assets under management across global investment strategies spanning real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Its portfolio spans roughly 13,000 real estate assets and more than 270 portfolio companies, and it describes its scale as enabling early identification of trends and investment across artificial intelligence, power, the digital economy and life sciences.
The firm operates dedicated business units including Blackstone Capital Markets, Blackstone Life Sciences and a perpetual private equity strategy (BXPE), and maintains a private wealth arm that works with financial advisors and family offices to distribute perpetual vehicles such as Blackstone Real Estate Income Trust (BREIT), Blackstone Private Credit Fund (BCRED) and Blackstone Private Multi-Asset Credit and Income Fund (BMACX). Blackstone reports quarterly earnings publicly and publishes market commentary and investment perspectives.
Recent activity documented in public sources includes an agreement to acquire home services platform Champions Group from Odyssey Investment Partners, a pending acquisition of utility holding company TXNM Energy (parent of the Public Service Company of New Mexico), the winding down of single-family rental subsidiary Home Partners of America into Blackstone-owned Tricon Residential, and withdrawals from two prospective transactions: a US investor consortium for TikTok's US operations and the bidding for Korean facility-management firm S&I Corporation."]
Business model
Blackstone raises and manages capital from institutional and individual investors across real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge fund strategies, acquiring and building portfolio companies and assets. Its private wealth business distributes perpetual vehicles through financial advisors, family offices and wealth managers.
Traction
The firm reports more than $1.3 trillion in assets under management (as of June 30, 2026), approximately 13,000 real estate assets and over 270 portfolio companies (as of March 31, 2026), and reported second-quarter 2026 results publicly.
Latest developments
In February 2026 Blackstone announced a definitive agreement for funds managed by its perpetual private equity strategy (BXPE) to acquire Champions Group, an Orange County, CA-based residential home services platform with more than 1,800 field technicians and 150,000 active members, from Odyssey Investment Partners, with terms undisclosed and closing expected in the first half of 2026. Its pending acquisition of TXNM Energy, agreed in May 2025, remained before the New Mexico Public Regulation Commission in early 2026, with evidentiary hearings scheduled for mid-May 2026. In July 2025 Blackstone withdrew from the investor group pursuing TikTok's US operations, and by July 2026 it had exited bidding for Korea's S&I Corporation.
▸Full profile — market position, go-to-market, geography, risks & controversies
Market position
Blackstone describes itself as the world's largest alternative asset manager based on total assets under management, with over $1.3 trillion in AUM.
Go-to-market
Blackstone serves institutional allocators directly and reaches individual investors through Blackstone Private Wealth, which partners with financial advisors and offers perpetual products including BREIT, BCRED and BMACX; it also runs educational content such as Blackstone University and publishes market insights. In March 2026 it introduced golfer Tommy Fleetwood as its first Global Brand Ambassador.
Institutional investors and individual investors, the latter reached through financial advisors, private wealth managers and family offices.
Geography
Headquartered in New York, NY, with multiple offices including a Japan business, and investment activity across the United States and international markets including the United Kingdom and South Korea.
Risks & controversies
Blackstone's proposed acquisition of TXNM Energy, parent of the Public Service Company of New Mexico serving 800,000 customers in New Mexico and Texas, has drawn opposition from consumer advocates and intervenors who argue that a $400 million private placement of TXNM shares purchased by Blackstone in June 2025 required prior authorization from the New Mexico Public Regulation Commission; intervenors have argued the broader merger should not proceed, and Blackstone said it strongly disagrees with the positions taken and would formally refute them. Critics also raised concerns about diminished state regulatory authority and potential affiliate interests involving Blackstone-owned data center developer QTS, which Blackstone has owned since 2021 and which has expressed interest in developing data centers in the New Mexico market. Separately, Blackstone's Home Partners of America subsidiary faced criticism over its rent-to-own program after a 2023 study found fewer than a third of analyzed homes were sold to original tenants, with some residents evicted; the business was wound down in 2025 with 179 layoffs and the closure of its Chicago headquarters.
Compiled by commissioned research from 13 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Acquisitions · 5
Early investors' stakes continue via these deals1000Memories lets families upload and organize historical photographs while building family trees and sharing memories with relatives. The platform serves as a digital archive for preserving and discovering old photos across generations.
A Place for Mom is a U.S. and Canadian senior care referral marketplace connecting families with senior living and home care providers.
Champions Group is a private-equity-backed provider of residential home services—HVAC, plumbing, and related trades—operating under numerous regional brand names across the U.S.
Clarus provides AI-powered workflow agents for private market allocators, automating underwriting and reporting for fund commitments, direct deals, and secondary transactions. The platform unifies data from multiple sources—capital accounts, fund reports, financial statements—into a single auditable system that traces every extracted number to its source.
Network automation software (acquired by Blackstone)
Timeline · 25
launches, deals, and filingsBlackstone withdrew from the sale process for a 60% control stake in S&I Corporation, Korea's largest facility management company, held by a Macquarie-side SPC. Other bidders cited include Warburg Pincus and Orix.
Blackstone announced the final close of its largest Asia private equity fund, BCP Asia III, at $13.1 billion, exceeding a $10 billion target, reaching its hard cap and more than doubling the capital raised for the predecessor vehicle.
$13.1B source ↗
Blackstone's early-stage investment arm, Blackstone Innovations Investments, led a $17 million strategic investment in TextQL, an AI analytics startup founded in 2022 by Ethan Ding and Mark Hay.
$17M source ↗
Blackstone Life Sciences committed $400 million to Teva Pharmaceutical's duvakitug development program, in late-stage trials for inflammatory bowel diseases.
$400M source ↗
Funds managed by Blackstone's perpetual private equity strategy (BXPE) entered a definitive agreement to acquire Champions Group, a residential home services platform based in Orange County, CA, with Odyssey and management retaining a significant minority stake. Terms were not disclosed; closing expected in the first half of 2026.
Intervenors asked the New Mexico Public Regulation Commission to show cause over Blackstone's $400 million private placement purchase of TXNM shares, which closed in June 2025 without PRC authorization; the commission had not ruled, with evidentiary hearings scheduled for mid-May 2026.
$400M source ↗
Blackstone Life Sciences agreed with Johnson & Johnson to co-fund future clinical trials of its acute myeloid leukaemia drug bleximenib.
Blackstone closed an oversubscribed $6.3 billion raise for its BXLS life sciences investment platform, described as the largest life sciences private fund ever raised.
$6.3B source ↗
Blackstone Life Sciences provided $700 million to MSD (Merck & Co) to support development of the antibody-drug conjugate sacituzumab tirumotecan across solid tumour indications.
$700M source ↗
Blackstone withdrew from the US investor group, led by Susquehanna International Group and General Atlantic, that was pursuing a stake in TikTok's US operations. Blackstone had planned to take a minority share.
TXNM Energy, the utility holding company that owns the Public Service Company of New Mexico, agreed in May 2025 to be acquired by Blackstone. The deal requires approval from the New Mexico Public Regulation Commission.
Blackstone wound down its single-family rental subsidiary Home Partners of America, closing its Chicago headquarters and laying off 179 employees, and transferred the business to Blackstone-owned Tricon Residential.
Blackstone acquired Tricon Residential for $3.5 billion in early 2024.
$3.5B source ↗
Blackstone acquired Tricon Residential for $3.5 billion in early 2024; Tricon later absorbed the Home Partners business.
$3.5B source ↗
Amid heavy redemption pressure at BREIT in 2022-23, the University of California made a $4 billion strategic investment that helped stabilize the fund.
$4B source ↗
Blackstone acquired Home Partners of America for $6 billion, adding 17,000 homes to its rental portfolio.
$6B source ↗
Blackstone has owned data center developer QTS since 2021.
Blackstone acquired single-family rent-to-own operator Home Partners of America for $6 billion, adding 17,000 homes to its rental portfolio.
$6B source ↗
Blackstone launched BREIT, giving individual investors access to institutional-grade private real estate.
Blackstone acquired GSO Capital Partners, strengthening its credit platform.
Blackstone launched its real estate platform, hiring John Schreiber and acquiring distressed assets following the US savings and loan crisis, initially through hotel businesses under Henry Silverman's leadership.
Blackstone opened its first international office in London, positioning the firm for European leveraged buyout and advisory activity.
Blackstone acquired freight railroad operator CNW Corporation.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 13
primary sources listed
- Exit Blackstoneblackstone.com · web
- Blackstone Raises its Largest Asia Private Equity Fund at $13.1 Billion - Blackstoneblackstone.com · web
13 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Exit Blackstone do?
- Blackstone is a publicly listed alternative asset manager with about $1.3 trillion in assets under management.
- Who founded Exit Blackstone?
- Exit Blackstone was founded by Stephen A. Schwarzman.
- Who are Exit Blackstone's investors?
- Exit Blackstone's investors include Rogue Insight Capital.
- Is Exit Blackstone publicly traded?
- Yes — Exit Blackstone trades on NYSE under the ticker BX.