Blackstone Appoints COO of Private Equity Asia Ed Huang as Head of Private Wealth Solutions APAC & Haide Hong as Head of Acquisitions for China, Blackstone Private Wealth Solutions AUM at $240 Billion
13th October 2023 | Hong Kong
Blackstone, the world’s largest private equity firm with more than $1 trillion AUM, has appointed COO of Private Equity Asia Ed Huang as Head of Private Wealth Solutions APAC and Haide Hong as Head of Acquisitions for China (effective 1/1/24). Blackstone Private Wealth Solutions AUM (Assets under Management) is currently at around $240 billion. In July 2023, Blackstone reported $1 trillion AUM (Assets under Management, first private equity group to cross $1 trillion AUM) and $1.2 billion net profit in 2023 Q2, with Blackstone focusing on 4 core private equity businesses in Real Estate, Private Equity, Credit & Insurance, Hedge Fund Solutions. Blackstone was founded in 1985 by Stephen Schwarzman and Peter Peterson with $400,000 in seed capital. Today, Blackstone is the world’s largest alternative asset manager.
“ Blackstone Appoints COO of Private Equity Asia Ed Huang as Head of Private Wealth Solutions APAC & Haide Hong as Head of Acquisitions for China, Blackstone Private Wealth Solutions AUM at $240 Billion “
Top Private Equity Firm Blackstone Reported $1 Trillion AUM & $1.2 Billion Net Profit in 2023 Q2, Core Businesses in Real Estate, Private Equity, Credit & Insurance, Hedge Fund Solutions
21st July 2023 – Top private equity firm Blackstone has reported $1 trillion AUM (Assets under Management, first private equity group to cross $1 trillion AUM) and $1.2 billion net profit in 2023 Q2, with Blackstone focusing on 4 core private equity businesses in Real Estate, Private Equity, Credit & Insurance, Hedge Fund Solutions. Stephen A. Schwarzman, Chairman & CEO: “Blackstone is the first alternative manager to surpass $1 trillion of assets under management. This milestone reflects the extraordinary trust we have developed with our investors — built through performance — as well as our distinctive position as an innovator. We believe we are in the early stages of the long-term growth of the alternatives industry, providing a vast opportunity for further expansion.” Blackstone was founded in 1985 by Stephen Schwarzman and Peter Peterson with $400,000 in seed capital. Today, Blackstone is the world’s largest alternative asset manager.
Top Private Equity Firm Blackstone Reported $1 Trillion AUM & $1.2 Billion Net Profit in 2023 Q2, Core Businesses in Real Estate, Private Equity, Credit & Insurance, Hedge Fund Solutions
About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long- term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.0 trillion in assets under management include investment vehicles focused on private equity, real estate, private and liquid credit, infrastructure, life sciences, growth equity, public securities and secondary funds, all on a global basis.
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