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Blackstone CFO Touts Record $260 Billion Fundraising, Nine IPOs This Year
Summary
Blackstone raised a record $260 billion over the past 12 months and has completed nine IPOs in 2026, Chief Financial Officer Michael Chae said at a Barclays conference. Chae also projected a strong 2027 for earnings and described potential private credit defaults as manageable.
Blackstone Inc. has raised a record $260 billion over the past 12 months and has completed nine initial public offerings so far this year, signaling strong momentum for the private equity firm. The figures were disclosed by Chief Financial Officer Michael Chae on Tuesday during a presentation at a Barclays conference.
Record Inflows and Exit Activity
The fundraising total marks Blackstone's best-ever 12-month period for capital inflows, Chae stated. This highlights significant investor appetite for the firm's alternative asset strategies.
In addition to strong fundraising, the firm is successfully navigating the exit environment for its portfolio companies. Chae confirmed that Blackstone has not only completed nine IPOs in 2026 but also has another six IPO filings pending globally.
Financial Outlook and Portfolio Health
Chae provided a positive outlook, telling conference attendees the company is experiencing a "corporate earnings boom" and expects a strong 2027 from an earnings perspective. This forecast suggests confidence in the performance of its underlying investments.
AdAddressing a key area of market concern, Chae commented on the firm's private credit portfolio, stating that he believes potential defaults will be "manageable."
Broader Market Commentary
The CFO also touched on strategic initiatives and market trends. He noted that artificial intelligence is delivering "tangible productivity gains" for the company's operations.
In his remarks, Chae also observed a shift in investor allocations, noting that hedge funds have returned to favor as an asset class.
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