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Blackstone Company profile

About Blackstone Inc

Blackstone Inc., formerly Blackstone Group Inc., is an investment firm. Its alternative asset management business includes investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds. It operates through four segments: Private Equity segment includes corporate private equity business, which consists of it's corporate private equity funds, Blackstone Capital Partners funds, it's sector-focused corporate private equity funds, including it's energy-focused funds, Blackstone Energy Partners funds and it's core private equity fund; Real Estate segment includes The Blackstone Real Estate Partners funds target a range of opportunistic real estate and real estate related investments; The Hedge Fund Solutions segment consists of Blackstone Alternative Asset Management; and the Credit & Insurance segment consists principally of Blackstone Credit.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Blackstone Inc revenues increased from $6.1B to $22.58B. Net income increased from $1.05B to $5.86B. Revenues reflect Credit & Insurance segment increase of 25% to $804.1M. Net income benefited from Net Gains from Fund Investment Activitie increase from $30.5M to $461.6M (income), Change in Tax Receivable Agreement liab. decrease of 92% to $2.8M (expense).

Equity composition

Common Stock $.01 par, 06/11, 1,123,396,542 issd. Insiders own 0.99%. IPO: 6/21/07, 133,333,334 shs. @ $31 by Morgan Stanley, Merrill Lynch & Co., Credit Suisse, Deutsche Bank and Citi.