Keep pulling the thread on Jon Gray.
Under Jon Gray's leadership, Blackstone's real estate division grew its assets from approximately $5 billion to over $300 billion.
Blackstone currently manages over $1.1 trillion in capital and has a market capitalization exceeding $200 billion.
Blackstone has become the world's largest investor in global logistics, driven by a high-conviction thesis on the shift from physical retail to e-commerce.
The growth of AI and cloud migration is creating enormous demand for data centers, making it a key investment area for Blackstone.
Demand for data centers has increased 20-fold in the last two and a half years.
Jon Gray predicts that after being flat for 20 years, power usage in the United States will increase by 4% annually going forward, driven by electrification and AI.
Blackstone acquired AirTrunk, the largest data center company in Asia, for $16 billion.
Blackstone operates the largest data center player in the United States, the largest in Asia, and holds the largest land bank with power access in Europe.
Two of Blackstone's largest private equity deals in the current year were the acquisitions of Smartsheet and Tropical Smoothie.
Blackstone's private credit division is its largest business segment by assets under management, with $430 billion in AUM.
Blackstone executed a successful take-private and subsequent re-listing of Hilton Hotels.
For high-risk strategies like private equity, Blackstone aims to produce approximately 500 basis points of excess return.