Quote from Ndubuisi Ekekwe on July 22, 2023, 5:01 PM

This is indeed a huge accomplishment: $1 trillion on assets under management (AUM) for Blackstone.

Blackstone has become the first private equity firm to hit $1 trillion in assets under management. The company had previously vowed to reach the milestone by 2026, but managed the feat three years early thanks to its focus on lower-risk, lower-return strategies like insurance, infrastructure and credit. One of the largest public companies not in the S&P 500, Blackstone is far ahead of publicly traded peers such as Apollo Global Management, which reported about $600 billion in assets under management in the first quarter. Blackstone's assets at the end of the first quarter totaled $991.3 billion, from $940.8 billion a year earlier.