风向标。 作者/周佳丽 报道/投资界PEdaily 这是久违一幕。 投资界从黑石获悉最新财报——仅第四季度，资金流入量高达7 1 0亿美元；资产管理规 模同比增长1 3 %，达到近1 3 0 0 0亿美元的行业新纪录。用黑石的话说，团队创四十年历 史最佳业绩。 "拨开迷雾，我们确信交易周期正在加速，资本市场活动也将复苏。"黑石董事长兼首席 执 行 官 苏 世 民 如 此 判 断 。 现 在 ， 这 家 PE 之 王 正 在 酝 酿 自 己 史 上 最 大 规 模 的 I PO 退 出 潮。 黑石历来是全球私募股权行业的风向标。此时此刻，大洋彼岸的中国，创投大年同样拉 开帷幕。 黑石史上最牛业绩 9500亿抄底 黑石为其4 0周年画上了圆满句号。 尽 管 2 0 2 5 年 外 部 环 境 面 临 诸 多 挑 战 ， 但 黑 石 却 收 获 惊 人 —— 在 管 理 费 收 入 、 资 产 规 模 及投资收益等关键指标上均创下纪录，过去五年多数指标实现翻番。 最 直 观 的 是 募 资 。 根 据 财 报 ， 黑 石 第 四 季 度 录 得 7 1 0 亿 美 元 的 资 金 流 入 ， 创 三 年 半 新 高 ...

Core Insights - Blackstone's President Jonathan Gray emphasizes two main points: the disruptive risks posed by AI are now a core consideration in investment evaluations, and the current market environment is favorable for IPO exits from investments [1][4] Group 1: AI Disruptive Risks - Gray highlights that AI's disruptive risks focus on its impact on traditional industries and investment uncertainties, citing examples like JPMorgan using AI to replace advisory roles and Lemonade offering lower premiums to Tesla FSD drivers [3] - Blackstone has elevated AI risk assessment to the top of its investment decision-making process, requiring all transaction memos to clearly outline AI-related risks, leading to the abandonment of certain acquisition plans in vulnerable sectors [3] - Despite caution, Gray acknowledges that AI will ultimately drive significant productivity gains, enhancing employee efficiency and improving profit margins across various industries [3] Group 2: IPO Market Conditions - Gray asserts that the current market has ample liquidity and high investor acceptance, indicating a conducive environment for Blackstone to push for IPO exits from long-held investments, marking one of the largest pipelines in the company's history [4] - The successful IPO of Medline, which raised $7.2 billion and achieved a first-day valuation of $55 billion, serves as a landmark case supporting Blackstone's IPO strategy [4] - Other companies, such as Liftoff Mobile and Jersey Mike's, are also in the process of preparing for IPOs, reflecting the broader trend in the market [4] Group 3: Divergent Perspectives - There is a notable divide in opinions regarding Gray's views on AI risks, with some institutions agreeing that Wall Street underestimates AI's impact on traditional business models, while others see AI as an opportunity for industrial upgrades that could offset disruptions [5] - In the IPO market, supporters believe that the current positive sentiment and liquidity in the U.S. stock market validate Gray's assessment, while skeptics warn of potential valuation pressures if market conditions fluctuate or if the Federal Reserve's interest rate policies lag [5] - Key variables influencing future trends include the pace of AI technology implementation, the evolution of global economic recovery, and geopolitical risks, all of which will affect investment and exit decisions for leading institutions [5]

Company Overview - Liftoff Mobile, a California-based mobile app marketing provider, is planning to launch its IPO, targeting a valuation of nearly $5.2 billion and aiming to raise up to $762 million by selling over 25 million shares [1][1][1] - The expected share price range is between $26 and $30, and the company will trade under the ticker "LFTO" [1][1] Company Background - Liftoff was founded in 2012 and acquired by Blackstone in 2021, subsequently merging with Vungle to form a large independent mobile adtech platform [1][1] - The platform offers AI-powered tools for customer acquisition and monetization, serving various industries including finance and gaming [1][1] Performance Metrics - As of Q4 2025, Liftoff reported over 1.4 billion daily active users and more than 1,000 global advertisers [1][1][1] - The company's leadership team has an average of twelve years of experience in the ad tech industry, emphasizing a commitment to customer focus and product velocity [1][1] Market Context - The IPO market has been relatively quiet, but 2025 was noted as the busiest year for IPOs since 2021, with 216 IPOs raising $47.4 billion [1][1] - There is significant optimism for 2026, driven by strong interest in AI and related sectors, which Liftoff aims to leverage [1][1]

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) announced today that Michael Chae, Vice Chairman and Chief Financial Officer, is scheduled to present at the Bank of America Securities 2026 Financial Services Conference on Tuesday, February 10, 2026 at 9:40am ET. Blackstone is the world's largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone's $1.3 trillion in assets und ...

Blackstone Inc. - Blackstone reported fourth-quarter distributable earnings per share of $1.75, a 4% increase year-over-year, surpassing the analyst consensus estimate of $1.53 [2] - Distributable earnings rose 3% year-over-year to $2.24 billion for the quarter [2] - Segment revenues were reported at $3.94 billion, down 5% year-over-year, but still beating the analyst consensus estimate of $3.72 billion [2] - Blackstone shares fell 2.6% to close at $142.94 on Thursday [6] International Business Machines Corporation (IBM) - IBM reported fourth-quarter revenue of $19.69 billion, exceeding the consensus estimate of $19.23 billion [3] - The company reported adjusted earnings of $4.52 per share, beating analyst estimates of $4.32 per share [3] Cisco Systems, Inc. - Cisco Systems was upgraded from In-Line to Outperform by Evercore ISI Group analyst Amit Daryanani, with a price target increase from $80 to $100 [4] - Cisco shares fell 0.7% to close at $78.43 on Thursday [6] Exxon Mobil Corporation - Exxon Mobil reported quarterly earnings of $1.71 per share, beating the consensus estimate of $1.67 [5] - The company posted revenue of $82.3 billion, surpassing the estimate of $81.47 billion [5] - Exxon Mobil shares rose 2.1% to settle at $140.51 [6]

With more than a trillion dollars of assets under management, Blackstone is the size of a G20 nation. Fittingly, its earnings report on Thursday featured some big, big numbers. There are the usual suspects: inflows of $71 billion in the final quarter, which pushed its capital base to nearly $1.3 trillion, yet another gargantuan record. Meanwhile, quarterly distributable earnings rose 4% year over year to $2.2 billion, impressing analysts who favor the free cash flow proxy metric. But the most crucial figu ...

大家早上好！这里是今天的早报，每天早上，我都会在这里跟你聊聊昨夜今晨发生了哪些大事儿。 昨夜今晨 【字节跳动、阿里巴巴将于春节前后推出新的人工智能模型】 中国科技巨头字节跳动与阿里巴巴集团正准备在即将到来的农历新年期间推出新一代人工智能模型，这一举动 标志着双方在争夺中国AI领先地位及未来云市场主导权的战役中进入白热化阶段。 据知情人士向媒体透露，字节跳动计划于下月发布三款新模型，涵盖大语言模型、图像生成及视频生成领域， 旨在利用其快速增长的云服务业务挑战阿里巴巴的市场地位。这一发布时间点选在2月中旬的春节假期，意在 利用假期这一关键的用户流量窗口。 阿里巴巴亦不甘示弱，据知情人士向媒体称，其将在同一时期推出旗舰模型Qwen 3.5，该模型据称具备强大的 数学和编码能力。此外，阿里计划对其面向消费者的Qwen AI应用进行大规模假日营销推广，意图正面挑战目 前用户量最大的豆包聊天机器人。此次交锋正值DeepSeek等竞争对手也计划发布新模型的时刻，凸显了中国 科技企业争夺用户注意力和构建AI超级应用的紧迫性。 这场竞争不仅关乎谁能打造出中国最受欢迎的AI消费级应用，更将决定未来数年的中国AI云市场的格局归 属 ...

The asset manager committed $138.21 billion to deals last year, the most in the past four years, and expects activity to take off this year. ...

Core Insights - The build-to-rent (BTR) housing market is gaining traction in the United States, with major investors like Blackstone and AvalonBay Communities recognizing its potential as a new investment class [3][5][9] - The share of new single-family homes being built for rental purposes has increased from 5% to 9%, indicating a shift in market dynamics [1][2] - The median price of a single-family home reached $412,500 in 2024, making homeownership increasingly unattainable for many Americans [4][17] Group 1: Market Trends - The number of BTR single-family housing starts rose from 60,000 to 90,000 between 2021 and 2024, reflecting a growing trend among developers to construct homes for leasing rather than selling [2][5] - The affordability crisis in housing is exacerbated by rising prices and elevated mortgage rates, with the average 30-year mortgage rate projected to remain above 6% until the end of 2026 [17][18] Group 2: Investment Opportunities - Retail investors can participate in the BTR market with minimal capital, as platforms like Arrived allow investments starting at $100 [7][8] - Private real estate funds, such as the Fundrise Flagship Fund, provide access to large, professionally managed property portfolios, allowing investors to diversify without needing significant capital [15][16] - Build-to-suit (BTS) projects in the industrial property market are also on the rise, comprising 29% of new industrial space in 2025, up from 22% in 2024, presenting additional investment opportunities [9][10]

In late November, I reiterated my Hold rating on Blackstone Inc. ( BX ) and you can see below that the stock has actually just slipped below the price when my update was published. InI'm a full-time investor with a strong focus on the tech sector. I graduated with a Bachelor of Commerce Degree with Distinction, major in Finance. I'm also a proud lifetime member of the Beta Gamma Sigma International Business Honor Society. My core values are: Excellence, Integrity, Transparency, & Respect. I always, to the b ...