Blackstone Inc, the asset manager predominantly active in private equity, real estate, credit and insurance, hedge fund solutions has a diversified in the above segments strategy, in Wolfteam Ltd.'s view
Via the falling interest rates credit and insurance has been the stellar performer in the fourth quarter 2023. Akin as its competitor KKR, Blackstone is trying to use insurance premiums income as a long-term vehicle for investing in its other businesses like private equity and principal strategies.
Out of its 504.7 billion USD in assets under management as of 4Q 2023 203.2 billion USD are in real estate, 159.1 billion USD in private equity, the two largest revenue driving sectors. Plus 197.3 billion USD in dry powder, cash, 80 billion USD of which are earmarked for private equity.
Blackstone's main earnings driver is real estate.
Blackstone has a well-diversified business model which brings steady premiums and profits, which is reflected in Blackstone's 171 billion USD market capitalization.
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