There are many investment providers in the market, with the Blackstone Group being among the most popular ones. Discover how The Blackstone Group can fit into your portfolio of international investment firms.
If you are looking to invest as an expat or high-net-worth individual, which is what I specialize in, you can email me (advice@adamfayed.com) or WhatsApp (+44-7393-450-837).
This post will focus on whether investing in the Blackstone Group is worth it.
What is Blackstone Group?
The Blackstone Group Inc. is the largest alternative asset manager in the world possessing around $1 trillion in assets under management.
They cater to institutional and industrial investors with a scale of 12,500 real assets.
The Blackstone investment portfolio comprises more than 230 portfolio companies.
Another important statistic of the Blackstone group is that they generated around $327 billion in terms of profits for their clients.
These profits include retirement systems that represent over 100 million pensioners.
They currently manage $238 billion for individual investors from their private wealth channel with access to private markets and institutional quality investments.
Who Owns Blackstone Group Inc.?
The Blackstone Group was founded by Stephen A. Schwarzman and Peter G. Peterson in 1985.
Stephen A. Schwarzman is the chairman and CEO of the company with a $38.1 billion net worth as of February 10, 2024.
Jonathan Gray is the president and COO of the company, Michael Chae is the CFO, and John G. Finley is the CLO.
Stephen A. Schwartzman is the largest stakeholder in the Blackstone Group, and apart from that, the ownership details are detailed below.
69.13% of Blackstone’s ownership is attributed to institutional shareholders, with Blackstone insiders holding 9.14%, and retail investors comprising 21.73%.
The most significant individual shareholder is American International Group Inc., possessing 45.74 million shares, equivalent to 6.44% of the company.
The present market value of American International Group Inc.’s Blackstone shares stands at $5.84 billion. The top stakeholders of the Blackstone Group are listed below.
- Vanguard Group Inc. holds 8.74% ownership, equivalent to 62,091,903 shares valued at $7.94 billion.
- Blackrock Inc. possesses 6.46%, with 45,916,439 shares valued at $5.87 billion.
- American International Group Inc., as an insider, holds 6.44%, amounting to 45,737,235 shares valued at $5.85 billion.
- Capital World Investors own 4.56%, representing 32,371,405 shares with a total value of $4.14 billion.
- State Street Corp has a 3.85% ownership stake, holding 27,361,588 shares valued at $3.50 billion.
Registered Blackstone Products
Blackstone presents an array of registered Blackstone products with a focus on real estate, hedge fund solutions, and private credit.
Real Estate Offerings
BREIT: Blackstone Real Estate Income Trust
BXMT: Blackstone Mortgage Trust
Hedge Fund Solutions (BAAM) Funds
Mutual Funds: BXMIX, BXMDX, BXMYX – Blackstone Alternative Investment Funds
UCITS Funds: BXDMS – Blackstone Diversified Multi-Strategy Fund
Credit
Business Development Companies
BCRED – Blackstone Private Credit Fund
BXSL – Blackstone Secured Lending Fund
UCITS Funds
Systematic Strategies
Closed-End Funds
BSL: Blackstone Senior Floating Rate 2027 Term Fund
BGX: Blackstone Long-Short Credit Income Fund
BGB: Blackstone Strategic Credit 2027 Term Fund
Interval Fund
BGFLX: Blackstone Floating Rate Enhanced Income Fund
Exchange-Traded Fund
SRLN: SPDR Blackstone Senior Loan ETF
HYBL: SPDR Blackstone High Income ETF
LSE-Listed Funds
BGLF:LN: Blackstone Loan Financing Limited
Is The Blackstone Group a Good Investment?
As of February 9, 2024, the share price of the Blackstone Group (NYSE: BX) is $127.68 with a market cap of $90.72 billion.
According to MarketBeat, the analyst rating of the Blackstone Group is ‘Hold’ with 1 sell rating, 10 hold ratings, and 7 buy ratings.
According to TipRanks, the analyst rating is ‘Moderate Buy’ with 0 sell ratings, 8 hold ratings, and 8 buy ratings.
The pros of the company include strong institutional investment support, positive insider activity, positive analyst ratings, etc.
The cons of investing in the company include market volatility, competition, potential regulatory changes, etc.
Therefore, the Blackstone Group can be a worthy investment to add to your watchlist.
Please note that the information is strictly for educational purposes and should not be treated as actual investment advice.
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