Blackstone Inc at Goldman Sachs Financial Services Conference (Virtual) Transcript

Dec 06, 2023 / 05:20PM GMT
Alexander Blostein - Goldman Sachs Group, Inc., Research Division - Lead Capital Markets Analyst

Okay. Thanks, everybody. We're going to get going with our next session. Thanks, everybody, for coming back. Hopefully, everyone's well fed after lunch.

It is my pleasure to welcome Jon Gray, President and COO of Blackstone. With over $1 trillion in assets under management, Blackstone remains the largest and most diversified alternative asset manager in the world.

Despite what's obviously been a challenging backdrop for capital markets, Blackstone saw nearly $140 billion of gross capital raised over the last 12 months and continued to execute on a number of growth initiatives. Importantly, I think a lot of the (inaudible) also has not turned on fees yet. So as we look forward, the firm is facing a really nice growth tailwind as we enter 2024.

So Jon, thank you for being here. Welcome downtown.

Jonathan D. Gray - Blackstone Inc. - General Partner, President, COO & Director

It's great to be here. Congrats on this conference.

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