Blackstone Inc. (BX) Bank of America Securities Financial Services Conference 2025 Transcript

Company Overview - Blackstone Inc. has an Assets Under Management (AUM) of $1.1 trillion, making it the largest alternative investment business globally [4] - The firm has experienced significant growth, with AUM increasing approximately 13 times since its IPO in 2007 [4] - Blackstone operates a highly diversified business model, with leading positions in real estate, private equity, credit, and hedge funds [4] - The company has established strategic partnerships with four life insurance companies, while maintaining no exposure to their liabilities [4] Leadership Insights - Michael Chae serves as the Chief Financial Officer and Vice Chairman of Blackstone, having joined the firm in 1997 and held various senior roles [2] - Chae is a member of the management committee and participates in several investment committees across the firm's operations [2]