Blackstone Inc. is the world’s largest alternative asset manager, with $1.275 trillion in total assets under management and $921.7 billion in fee-earning assets under management as of the end of 2025. The firm has significant scale across its core business segments: private equity accounts for 26% of fee-earning AUM and 33% of base management fees; real estate and real assets represent 31% and 35%; credit and insurance contribute 34% and 25%; and other alternatives make up 9% and 7%. Blackstone primarily serves institutional investors, which represent 84% of AUM, while also maintaining a presence in the high-net-worth channel at 16%. The company has a global footprint with 25 offices across the Americas, Europe and the Middle East, and Asia-Pacific.