BX · 10-Q · 2026Q3 · Full report

Private Market Demand Trends

Blackstone Inc. · 2026-11-06 · Importance 26 · Surprise 24

Total Assets Under Management reached $1,368.3 billion at September 30, 2026, up $93.4 billion from year-end 2025, with net inflows of $156.7 billion across the four segments. Credit & Insurance recorded the largest inflows at $103.8 billion, led by private corporate credit strategies ($49.3 billion) and infrastructure and asset based credit strategies ($38.9 billion); Private Equity inflows were $57.5 billion, led by Secondaries and Corporate Private Equity. Real Estate AUM declined $10.3 billion as $20.7 billion of realizations and $4.9 billion of market depreciation exceeded $21.3 billion of inflows, while Multi-Asset Investing AUM rose $17.7 billion. Fee-Earning AUM increased $68.0 billion year to date to $989.7 billion, led by a $45.4 billion increase in Private Equity.

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