Is Blackstone Stock Outperforming the Nasdaq?

Valued at a market cap of $101.7 billion, Blackstone Inc. (BX) manages alternative investments and provides financial advisory services. The New York-based company specializes in real estate, private equity, hedge fund solutions, credit, public debt and equity, and multi-asset class strategies.

Companies valued at $10 billion or more are generally considered “large-cap” stocks, and Blackstone fits this criterion perfectly. Blackstone is the largest alternative investment firm globally, having more than $1 trillion in total assets under management as of May 2024, and invests in companies with enterprise value between $500 million and $5000 million.