Investing
Blackstone’s $1 Trillion Mark Ushers In New Era of Buyout Titans
- CEO Schwarzman’s firm doubled assets in past five years
- Alternative-investment giant now backs roughly 250 companies
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Blackstone Inc. just hit a milestone that no other private equity firm has reached: running $1 trillion.
The firm said it oversees $1.001 trillion, up from $940.8 billion a year earlier. It’s a far cry from the company’s debut in 1985 — with $400,000 — marking one of the most dramatic transformations in modern markets.