Business Strategy and Outlook
| Greggory Warren, CFA |We consider Blackstone to be the preeminent alternative asset manager, with $940.8 billion in total assets under management, or AUM, including $683.8 billion in fee-earning AUM, at the end of June 2022. The company has scale in each of its four business segments: private equity (24% of fee-earning AUM and 29% of base management fees), real estate (37% and 41%), credit & insurance (29% and 20%), and hedge fund solutions (10% and 10%). Blackstone has also built out a large base of employees--including in-house executives, consultants, and advisors--that have decades of industry experience and can successfully revitalize a company or property through cost-cutting, acquisitions, or other strategic maneuvers.