Blackstone expands Asia and AI reach, shares in focus on the NYSE

By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-26, 10:03.

Blackstone Inc. (US09259E1082) is adding new scale in Asia and artificial intelligence. The private equity group manages a fresh $13 billion Asia buyout fund and commits $5 billion to an AI cloud venture with Google, while its BX shares trade on the NYSE.

New Asia fund lifts regional firepower

Blackstone has raised about $13 billion for its third dedicated Asia buyout fund, according to recent coverage by Moneycontrol. The new vehicle is more than twice the size of the firm's previous Asia fund launched in 2021, which stood at roughly $6 billion on a standalone basis.

The fund also surpasses its original $10 billion target, signalling strong limited-partner demand for Blackstone's platform in the region. In first-quarter earnings calls, several large private equity groups, including Blackstone, described their outlook on India and Asia as constructive despite volatility from geopolitical tensions and energy prices.

AI cloud venture with Google adds technology exposure

Alongside the Asia fund, Blackstone is deploying $5 billion into a new AI-focused cloud venture with Alphabet subsidiary Google. The project uses Google's Tensor Processing Unit (TPU) chips to offer compute-as-a-service tailored to artificial intelligence workloads.

The initiative is aimed at expanding Google's AI chip push and providing institutional clients with scalable infrastructure, positioning the venture as a challenger to Nvidia's current dominance in AI accelerators, per the same report. Blackstone's capital commitment gives it direct exposure to the growth of AI infrastructure spending, a segment increasingly discussed by Wall Street analysts as a structural trend.

How Blackstone makes its money

Blackstone's core business model is to raise capital from institutions and individuals into private funds and permanent capital vehicles, invest that money in assets such as real estate, private equity and credit, and collect management and performance fees over time.

In private equity, the firm typically acquires controlling or significant stakes in companies, works to improve operations and profitability, and eventually exits through sales or public listings. In real estate and credit, it focuses on income-generating assets and financing solutions for corporate and property borrowers.

Where the Blackstone shares trade today

Blackstone Inc. shares (US09259E1082) trade on the New York Stock Exchange under the ticker BX. As of the latest available data, BX last closed around the low 110s in US dollars on the NYSE.

This article provides factual information on Blackstone Inc. and its shares for informational purposes only and does not contain investment advice, trade recommendations or price targets. Investors should base decisions on their own research and, where appropriate, professional guidance.