Blackstone

Blackstone manages approximately $1.1 trillion in assets under management, making it the world's largest alternative asset manager by far. Founded in 1985 by Stephen Schwarzman and Pete Peterson with $400,000 in seed capital, it has grown into a financial empire spanning real estate, private equity, credit, and infrastructure. Schwarzman's 2019 donation of $350 million to MIT for AI research underscored how PE firms are positioning themselves at the center of the next technological revolution.