Blackstone Inc. (BX) perpetual market

Blackstone is one of the world's largest alternative asset managers, founded in 1985 by Stephen Schwarzman and Peter Peterson and headquartered in New York. It invests and manages capital on behalf of pension funds, sovereign wealth funds, insurers and other institutions across private equity, real estate, credit, infrastructure, hedge fund solutions and other strategies. Real estate is one of its defining businesses, and the firm is among the largest owners of commercial property in the world. Blackstone earns management fees on the assets it oversees and performance fees when its investments succeed, so its results track both the scale of its fund raising and the returns of its portfolios. Listed on the New York Stock Exchange, it is widely viewed as a bellwether for private markets, and the level of its total assets under management is closely followed as a gauge of institutional appetite for alternatives.