Number 1 of 100 by regulatory assets
Blackstone
Blackstone reported $1.44tn of regulatory assets under management from New York, NY, across 640 private funds. It files with the SEC through 32 registered advisers, and the figure above is the sum of what each one reported.
The book
Regulatory assets under management, as Item 5.F of Form ADV defines it. That figure is gross and includes leverage, so it is not the same thing as the assets under management a firm quotes in its own marketing. Latest filing 2026-08-04.
- Regulatory AUM
- $1.44tn
- Private funds
- 640
- SEC registrations
- 32
- In pooled vehicles
- 64%
blackstone.com, as listed on its own Form ADV.
What kind of funds
Every private fund on the firm's Schedule D, grouped by the fund type the firm itself checked, and weighted by gross asset value. $689.3bn of fund assets in total. This is the classification as filed to 31 December 2024, the most recent the SEC publishes in bulk, so it is older than the size figure above.
- Private Equity Fund36%$245.9bn
- Real Estate Fund25%$173.3bn
- Hedge Fund25%$170.8bn
- Other Private Fund9%$61.7bn
- Securitized Asset Fund5%$36.4bn
The registrations behind the firm
A firm is not a registered adviser. Blackstone files through 32 of them, each with its own SEC number and its own reported assets. Relying advisers under an umbrella registration do not file separately, so nothing below counts the same assets twice.
- Blackstone Isg-i Advisors L.l.c.801-111810filed 2026-03-30$183.5bn
- Blackstone Management Partners L.l.c.801-64755filed 2026-03-30, umbrella registration$145.7bn
- Blackstone Real Estate Advisors L.p.801-67509filed 2026-03-30$130.7bn
- Blackstone Credit Bdc Advisors Llc801-113393filed 2026-07-30$100.6bn
- Blackstone Alternative Asset Management L.p.801-52559filed 2026-08-04$92.0bn
- Strategic Partners Fund Solutions Advisors L.p.801-63980filed 2026-06-11$80.4bn
- Blackstone Infrastructure Advisors L.l.c.801-111714filed 2026-05-26$80.2bn
- Blackstone Property Advisors L.p.801-96259filed 2026-03-30$77.4bn
- Blackstone Asset Based Finance Advisors Lp801-61467filed 2026-07-30$70.4bn
- Blackstone Real Estate Special Situations Advisors L.l.c.801-68749filed 2026-03-30$69.8bn
- Blackstone Private Credit Strategies Llc801-128455filed 2026-07-30$57.9bn
- Blackstone Liquid Credit Advisors I Llc801-70830filed 2026-07-30$51.6bn
- Blackstone Alternative Credit Advisors Lp801-65207filed 2026-07-30$44.1bn
- Blackstone Tactical Opportunities Advisors L.l.c.801-73448filed 2026-07-21$40.4bn
- Blackstone Credit Systematic Strategies Llc801-63857filed 2026-03-30$35.7bn
- Blackstone Clo Management Llc (management Series)801-127061filed 2026-07-30$30.7bn
- Blackstone Alternative Solutions L.l.c.801-72699filed 2026-06-24$20.1bn
- Bxmt Advisors L.l.c.801-110349filed 2026-03-30$20.0bn
- Blackstone Liquid Credit Strategies Llc801-68243filed 2026-07-30$18.8bn
- Blackstone Private Investments Advisors L.l.c.801-122976filed 2026-03-30$17.9bn
- Blackstone Strategic Capital Advisors, L.l.c.801-78088filed 2026-03-30, umbrella registration$15.6bn
- Blackstone Life Sciences Advisors L.l.c.801-116920filed 2026-03-30$13.2bn
- Blackstone Growth Advisors L.l.c.801-117665filed 2026-05-05$10.5bn
- Blackstone Multi-asset Advisors L.l.c.801-79898filed 2026-07-31$8.54bn
- Blackstone Isg-ii Advisors L.l.c.801-111695filed 2026-03-30$8.01bn
- Blackstone Alternative Investment Advisors Llc801-77791filed 2026-08-04$5.39bn
- Clover Credit Management, Llc801-119797filed 2026-03-30, umbrella registration$3.47bn
- Blackstone Strategic Alliance Advisors L.l.c.801-67500filed 2026-03-30$3.01bn
- Blackstone Real Estate Advisors Europe L.p.801-64538filed 2026-03-30$2.79bn
- Clarus Ventures, Llc801-114471filed 2026-03-30$806m
- Blackstone Real Estate Advisors V L.p.801-64992filed 2026-03-30$60m
- Ct Investment Management Co., Llc801-74143filed 2026-03-30, umbrella registration$7m
Where this comes from
Assets, address and registrations: Form ADV Part 1A as published in the SEC's daily investment adviser feed, this firm's latest filing dated 2026-08-04. Fund count and fund types: Form ADV Schedule D Section 7.B.(1), from the SEC bulk archive of filings to 2024-12-31. Each adviser name above links to its record on the SEC's own Investment Adviser Public Disclosure site, which is the authority for anything on this page.
Staff numbers are deliberately not totalled here: each registered adviser reports its own employee count and the same person is often reported by several, so a sum would overstate the firm.
Either side of it
- 2. KKR$401.4bn
- 3. The Carlyle Group$352.2bn
