BX · 10-Q · 2026Q2 · Full report

Middle East Conflict Impact

Blackstone Inc. · 2026-08-07 · Importance 17 · Surprise 24

The ongoing conflict in the Middle East continued to create volatility and weigh on transaction and realization activity during the second quarter of 2026. In Real Estate, the conflict contributed to reduced transaction activity despite resilient debt capital markets. In Corporate Private Equity, management said realization activity slowed in the near term, while improved geopolitical conditions could support greater realizations over time.

Key facts