Blackstone

Blackstone is the world's largest alternative asset manager, with $1.3 trillion in assets under management across private equity, real estate, private credit, infrastructure, life sciences, growth equity, secondaries, and hedge funds. For family offices seeking access to institutional-quality private markets exposure, Blackstone functions primarily as a fund manager and investment counterparty rather than a service or technology provider.

Through its dedicated Private Wealth division, Blackstone partners with financial advisors to distribute perpetual fund structures to individual and high-net-worth investors. The flagship private wealth products include:

• Blackstone Real Estate Income Trust (BREIT): a non-traded REIT providing real estate exposure
• Blackstone Private Credit Fund (BCRED): a non-traded business development company offering private credit access
• Blackstone Private Multi-Asset Credit and Income Fund (BMACX): a multi-asset credit vehicle for diversified income exposure

These vehicles are designed to bring private markets access to investors who previously could not participate in Blackstone's institutional funds. The investment case rests on Blackstone's proprietary data advantage: the firm draws real-time economic signals from over 250 portfolio companies, approximately 13,000 real estate assets, and 5,000 corporate borrowing relationships, informing both portfolio construction and macro positioning. For a family office principal evaluating alternatives exposure, Blackstone offers breadth across asset classes and deal scale that few single managers can match. The trade-off is that the private wealth products are distributed through financial advisors rather than directly to family offices, and minimum investment thresholds, liquidity terms, and fee structures for the perpetual vehicles are not publicly disclosed. Family offices seeking direct co-investment access or separately managed account arrangements would need to engage through institutional channels, and eligibility requirements at that level are not detailed on the public-facing site.

• Providing private markets investment access to individual and high-net-worth investors
• Distributing perpetual alternative fund structures through financial advisor networks
• Deploying capital across private equity, real estate, credit, and infrastructure globally
• Generating proprietary macroeconomic insights from portfolio company data
• Delivering returns through active ownership and operational improvement of portfolio companies

• Blackstone Real Estate Income Trust (BREIT) - non-traded REIT
• Blackstone Private Credit Fund (BCRED) - non-traded BDC
• Blackstone Private Multi-Asset Credit and Income Fund (BMACX)
• Perpetual fund structures for ongoing individual investor access
• Proprietary inflation and shelter cost data leading official CPI figures by approximately 12 months
• Portfolio company CEO survey providing real-time economic indicators
• Pattern Recognition thought leadership platform
• BXPE perpetual private equity strategy

Built for Private Wealth Owners / Principals, Advisors / Wealth Advisors (RIA), Investment Teams.