Blackstone Inc. has filed an exhibit to update certain information in its annual report on Form 10-K for the year ended December 31, 2023. The exhibit retrospectively recasts Blackstone’s historical segment reporting financial information to reflect changes effective the quarter ended June 30, 2024.
As of December 31, 2023, Blackstone's total assets under management stood at more than $1.0 trillion, with a diverse range of global investment strategies, including real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds.
The company employed approximately 4,735 people, including 239 senior managing directors, at its headquarters in New York and around the world at that time.
Blackstone's four business segments are real estate, private equity, credit & insurance, and multi-asset investing.
The company reported changes in the presentation of its financial information, indicating a shift in its financial performance and strategic focus. However, specific figures and metrics showing the changes were not included in the press release. The market has reacted to these announcements by moving the company's shares -1.2% to a price of $196.56. For more information, read the company's full 8-K submission here.
