Consider Blackstone For Alternative Asset Exposure

In my August 14th Brookfield Asset Management (BAM) stock analysis I disclose the purchase of additional BAM shares through various accounts. In that post, I conclude:

'I have no interest in investing in cryptocurrencies, SPACs, or complex derivative products. I do, however, want exposure to alternative assets thus my reason for investing in BAM.'

After analyzing several large asset managers, I chose to also have exposure to Blackstone Inc. (BX).

BX competes both globally and on a regional, industry and sector basis. The basis on which it competes includes several factors such as investment performance, transaction execution skills, access to capital, access to and retention of qualified personnel, reputation, range of products and services, innovation and price.

BX operates under 4 business segments:

  • Real Estate
  • Private Equity
  • Hedge Fund Solutions
  • Credit and Insurance

Its asset management businesses include investment vehicles focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets and secondary funds.

When I initiated a BX position through a ‘Core’ account within the FFJ Portfolio, I disclosed a 500 share purchase in my August 27, 2021 post. Since such time, I have accumulated additional shares. BX was my 22nd largest holding (900 shares) when I completed my January 2022 Investment Holdings Review and my current exposure is 1008 BX shares.

On April 21, 2022, BX released Q1 2022 results at which time it reported a 41% year-over-year increase in total Assets Under Management (AUM) of $915.5B as of the end of Q1 2022.

Dividend Power has requested that I review BX. In my Consider Blackstone For Alternative Asset Exposure guest post, I share why you may want to consider Blackstone for alternative asset exposure.

I wish you much success on your journey to financial freedom!

Note: Please send any feedback, corrections, or questions to [email protected].

Disclosure: I am long BX and BAM-a.TO.

Disclaimer: I do not know your circumstances and do not provide individualized advice or recommendations. I encourage you to make investment decisions by conducting your research and due diligence. Consult your financial advisor about your specific situation.

I wrote this article myself and it expresses my own opinions. I do not receive compensation for it and have no business relationship with any company mentioned in this article.