Firm News
Steve Schwarzman & Jon Gray Discuss Blackstone’s Conversion to a C-Corp
Blackstone is the clear leader in the fast-growing alternative asset management industry – with powerful tailwinds at our back. Since our IPO, our assets under management have increased six-fold to more than a half a trillion dollars, driven by exceptional investment performance. Now, with a security that will be much easier to own, we believe our rising earnings power, and the increasingly recurring nature of those earnings, should command a higher valuation for the stock over time.
For additional information, please read our investor presentation outlining this announcement.
