Blackstone's Credit Assets Under Management Surpass $500 Billion
Up 18% Year-Over-Year] Blackstone Group (BX.N) has accumulated $508 billion in credit assets, and the private equity giant is targeting higher-rated debt investments. Blackstone announced Thursday that its overall credit strategy assets under management grew 18% year-over-year, with private investment-grade strategies surging 33% to $123 billion, becoming the primary growth driver. When Blackstone integrated its credit and insurance businesses two years ago, it set a goal of reaching $1 trillion within ten years. Gilles Delatte, who was appointed to lead the integrated business in 2023, stated in an interview this week that private credit is rapidly expanding beyond the traditional narrow definition of corporate sub-investment grade.
