Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“innovative alternatives offerings developed through partnerships with Apollo Global Management, Bridgewater Associates, and Blackstone”
State Street partnered with Blackstone to develop innovative alternatives ETF offerings, a product-partnership read-through for BX.
“a new special purpose vehicle launched in partnership with Amwins and Blackstone in December, with a stamp capacity of $300 million of premium income.”
Blackstone is a third-party capital partner in AIG's new Syndicate 2479 SPV, supplying capital for portfolio underwriting.
“The interest in MVP Mainline will be purchased by EQT's midstream joint venture with Blackstone and the interest in the MVP Boost expansion will be acquired directly by EQT.”
EQT's midstream JV with Blackstone is buying additional MVP Mainline interest, a read on Blackstone infrastructure capital deployment.
“Last year, we were the sole rating agency on the largest private credit CLO of the year, a $1,500,000,000 issuance by Blackstone.”
Blackstone issued the largest private credit CLO of the year ($1.5B), rated solely by Moody's, underscoring Blackstone's leading scale in private credit.
“we formed a strategic partnership with Blackstone to build, own, and operate new electric generating stations to directly power data centers.”
PPL's JV with Blackstone to build, own and operate generation for data centers is framed as a major growth opportunity, positioning Blackstone in the bring-your-own-generation market for hyperscalers.
“we furthered our relationship with Blackstone through an $800 million perpetual preferred equity interest in Las Vegas City Center, which becomes the second joint venture we have entered into with Blackstone for a high-quality Las Vegas Strip casino transaction.”
Realty Income deepened its capital partnership with Blackstone via an $800M preferred equity interest in a Las Vegas Strip casino asset, a second JV between the two firms.
“We also launched a euro-denominated AAA CLO use of ETF in partnership with Blackstone. Building on our successful track record together.”
State Street launched a euro AAA CLO ETF with Blackstone, extending a successful ETF partnership that already includes high-income and senior loan products.
“probably the next biggest company, which is maybe, I don't know, 1/4 of our size or something like that, 1/3 of our size is, Blackstone, and they're private, obviously, and they have a very different mindset about how they run their business”
Alexandria names Blackstone as its next-largest life-science real estate competitor but frames it as a smaller, purely financial player with a different approach.
“I look at a mega CRE investor like Blackstone and they had, I would say, more mixed results this quarter”
An analyst frames Blackstone as a large commercial-real-estate peer whose results this quarter were more mixed than Principal's, implying softer CRE performance at Blackstone.
“We're excited to expand our partnership with Blackstone Infrastructure Partners through GenCo”
Blackstone Infrastructure Partners is a 19.9% minority equity partner in NiSource's GenCo, committing $1.5 billion, a capital-partnership read-through for Blackstone's infrastructure business.
“if you just look at the private side of the equation and the recent capital formation that's focused on net lease investing by Blackstone, BlackRock, Starwood, there's a whole series of new entrants into the market.”
Realty Income names Blackstone among new private-capital entrants raising net-lease vehicles, intensifying U.S. competition and pushing Realty Income toward Europe.
“leveraging our joint venture with Blackstone Infrastructure, which is prepared to build new generation to directly support data center demand under long-term energy supply agreements”
PPL positions its Blackstone Infrastructure JV as an active vehicle to build new gas generation for data center load, implying an expanding infrastructure/power buildout pipeline for Blackstone.
“On the Vanguard Wellington front, there is not a lot I can say. I do think that we will hopefully be launching products this year in the first half of the year.”
Blackstone's alliance with Wellington (and Vanguard) is expected to yield product launches in the first half of the year to reach a broader wealth audience.
“On the Vanguard Wellington front, there is not a lot I can say. I do think that we will hopefully be launching products this year in the first half of the year.”
Blackstone expects to launch products in the first half of the year through its alliance with Vanguard and Wellington aimed at broadening private-market access in the wealth channel.
“We also closed the sale of the firm's 6% stake in Resolution Life in the fourth quarter in connection with the company's sale to Nippon Life.”
Blackstone monetized its 6% stake in Resolution Life in Q4 in connection with Resolution Life's sale to Nippon Life.
“including our commitment in Q4 to privatize Alexander and Baldwin, an owner of high-quality grocery-anchored shopping centers and warehouses in Hawaii.”
Blackstone committed in Q4 to privatize Alexander and Baldwin, a Hawaii-focused owner of grocery-anchored retail and warehouses.
“Blackstone Inc. was a major contributor with the $7.2 billion IPO of medical supply company Medline, the largest IPO since 2021, and the largest sponsor-backed IPO in history.”
Blackstone took portfolio company Medline public in a $7.2 billion IPO, the largest sponsor-backed IPO in history, with shares up over 40% on day one.
“We also took advantage of volatility in markets to sign or close eight privatizations during the year in private equity and real estate, including in the fourth quarter, medical technology company Hologic for $18 billion.”
Blackstone privatized medical technology company Hologic for $18 billion in Q4, one of eight privatizations completed during the year.
“our partnership with L&G and the U.K. wealth and retirement markets”
Blackstone's partnership with Legal & General targets the U.K. wealth and retirement markets, extending its private-markets distribution abroad.
“our strategic alliance with Wellington and Vanguard”
Blackstone's strategic alliance with Vanguard supports distribution of blended public-private products to the wealth channel.
“our strategic alliance with Wellington and Vanguard”
Blackstone's strategic alliance with Wellington to build multi-asset products is a pillar of its private-wealth and defined-contribution expansion.
“following our landmark transactions with EQT Corp and Rogers Communications.”
Blackstone cites its investment-grade private-credit transaction with Rogers Communications as a landmark corporate partnership.
“following our landmark transactions with EQT Corp and Rogers Communications.”
Blackstone cites its investment-grade private-credit transaction with EQT Corp as a landmark corporate partnership.
“a $7 billion investment we are leading in a venture with energy infrastructure company Sempra, to support construction of a liquefied natural gas project on the Gulf Coast.”
Blackstone is leading a $7B financing venture with Sempra to fund a Gulf Coast LNG project, a major capital partnership for Sempra's infrastructure buildout.
Blackstone delivered record distributable earnings capping a record year as Q4 revenue surged 54.7% with inflows reaching $71 billion and AUM hitting $1.3 trillion. Net realizations accelerated as the deal cycle reached escape velocity, the credit platform reached $520 billion with IG private credit surging, and AI infrastructure investment boom drove multiple growth vectors. New drawdown fundraising cycles were accelerating into 2026-2027.
Subscriber Growth | Credit | Competitive Dynamics | Capital Allocation | Demand | Revenue Growth | Margin | Geographic Expansion | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 2 | 3 | 2 | 2 | 4 | 3 | 3 |
| 2025Q1 | 5 | 4 | 3 | 4 | 2 | 1 | 1 | 1 |
| 2025Q2 | 3 | 2 | 1 | 4 | 1 | 3 | 2 | 1 |
| 2025Q3 | 5 | 6 | 6 | 3 | 1 | 1 | 1 | 1 |
| 2025Q4 | 6 | 3 | 1 | 4 | 3 | 4 | 3 | 2 |
| 2026Q1 | 6 | 5 | 2 | 9 | 4 | 1 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Subscriber Growth | 5 | 5 | 3 | 5 | 6 | |
| Credit | 2 | 4 | 2 | 6 | 3 | 6 |
| Competitive Dynamics | 3 | 3 | 1 | 6 | 1 | 5 |
| Capital Allocation | 2 | 4 | 4 | 3 | 4 | 2 |
| Demand | 2 | 2 | 1 | 1 | 3 | 9 |
| Revenue Growth | 4 | 1 | 3 | 1 | 4 | 4 |
| Margin | 3 | 1 | 2 | 1 | 3 | 1 |
| Geographic Expansion | 3 | 1 | 1 | 1 | 2 | 2 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Steve Chubak | Wolfe Research | 6 (0%) |
| Glenn Schorr | Evercore ISI | 6 (17%) |
| Ken Worthington | JPMorgan | 6 (0%) |
| Will Katz | TD Cowen | 6 (17%) |
| Alex Blostein | Goldman Sachs | 6 (33%) |
| Mike Cyprys | Morgan Stanley | 6 (0%) |
| Craig Siegenthaler | Bank of America | 6 (0%) |
| Ben Budish | Barclays | 5 (20%) |
| Dan Fannon | Jefferies | 5 (20%) |
| Brian McKenna | Citizens JMP Securities | 5 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Evercore ISI | 2 | 7 (29%) |
| Wolfe Research | 2 | 7 (0%) |
| TD Cowen | 1 | 6 (17%) |
| Goldman Sachs | 1 |
| 6 (33%) |
| Autonomous Research | 2 | 6 (17%) |
| Morgan Stanley | 1 | 6 (0%) |
| Bank of America | 1 | 6 (0%) |
| JPMorgan | 1 | 6 (0%) |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
BX Blackstone Inc. | 8 | +39.3% | |
| AMP Ameriprise Financial | 8 | +9.0% | |
| ARES Ares Management Corporation | 9 | +40.8% | |
| BEN Franklin Resources | 8 | +8.7% | |
| BLK BlackRock | 9 | +26.9% | |
| BNY BNY Mellon | 9 | +2.2% | |
| IVZ Invesco | 8 | +14.1% | |
| KKR KKR | 7 | +31.0% | |
| NTRS Northern Trust | 9 | +7.8% | |
| STT State Street Corporation | 9 | +2.2% | |
| TROW T. Rowe Price | 6 | +5.3% |