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New York-based Blackstone Inc. (BX) is an alternative asset management firm specializing in private equity, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. Valued at $106.5 billion by market cap, the company typically invests in early-stage, seed, middle-market, mature, late-stage, and later-stage companies, and also provides capital markets services.
Shares of this leading alternative platform have notably underperformed the broader market over the past year. BX has declined 14.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 18.5%. In 2025, BX stock is down 17.2%, compared to the SPX’s 15.1% rise on a YTD basis.