Blackstone’s primary objective is to manage our business — and our Limited Partners’ capital — with care, discipline and patience. We strive to deliver compelling risk-adjusted returns over the long term. Many of our investment vehicles, such as our corporate and real estate private equity funds and credit funds, are structured with lives of up to ten years or longer. This long-range view enables us not only to ride out market cycles, but also to maximize value through operational improvements over time.