Blackstone’s Credit Assets Reach $500 Billion After 18% Surge

Blackstone Inc. has amassed $508 billion of assets in credit as the private capital giant targets higher-grade debt investing.

The New York-listed firm announced an 18% year-on-year increase in assets under management for its overall credit strategy on Thursday. Much of that growth stems from its push into higher-grade financing, with the private investment grade strategy growing 33% year-on-year to $123 billion.

Blackstone set a $1 trillion 10 year target when it brought together credit and insurance into one unit two years ago. In an interview this week, Gilles Dellaert, appointed to lead the consolidated unit in 2023, said ...