Blackstone CFO Michael Chae projected significant corporate earnings growth, particularly noting the fastest S&P earnings growth in five years for Q2 2023. Speaking at a financial services conference, Chae emphasized that 2026 is expected to be the strongest year for S&P earnings in 25 years, excluding recovery periods from crises. Investment focus areas include digital and energy infrastructure, with 70% of Blackstone’s investments over the past year concentrated in these sectors.
Blackstone raised over $260 billion in inflows in the past year, a 24% increase from the previous year, marking the firm’s strongest fundraising period in nearly four years. Institutional inflows peaked at nearly 50% year-over-year growth in Q2. The firm also reported that its infrastructure assets under management rose 40% year-over-year to $90 billion, while individual investor assets surged to $324 billion, up 2.5 times over five years.
Chae highlighted Blackstone’s $550 billion credit platform and its growth in diverse investment areas, noting recent expansions in private equity and asset management. Key metrics indicate that BCRED borrowers experienced a 10% EBITDA growth and improved interest coverage. Additionally, Blackstone’s AI strategy and partnerships are bolstering its investment capabilities in emerging sectors.
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