Global private equity fund (PEF) manager Blackstone's assets under management (AUM) surpassed 1,900 trillion won, hitting an all-time high.
Blackstone said on the 24th that as of the end of the first quarter this year, assets under management rose about 12% from a year earlier to $1.3 trillion (about 1,930 trillion won). Funds that flowed in during the first quarter totaled $69 billion (about 102 trillion won), and inflows over the past 12 months reached $250 billion (about 370 trillion won).
In particular, growth in infrastructure stood out. Blackstone said that as investments in artificial intelligence (AI) infrastructure centered on data centers expanded, the related portfolio exceeded $150 billion (about 222 trillion won). It has also secured a $160 billion (about 237 trillion won) development pipeline. Investment in power grids is also expanding.
The credit and insurance unit (BXCI) grew about 18% from a year earlier. Blackstone said this growth came as fundraising from institutional investors and insurers increased.
The private wealth (individual asset management) unit also saw continued inflows, with assets under management rising about 14% year over year to $310 billion (about 459 trillion won). Blackstone said the scale of assets under management has roughly tripled over the past five years.