Credit & Insurance
Blackstone is one of the largest credit asset managers in the world. We aim to provide investors with attractive risk-adjusted returns and borrowers with the capital they need to strengthen and grow their businesses.
AUM Across Blackstone’s Credit Platform[1]
$465B
Issuers Across Portfolios[2]
4,900+
Sponsor/Advisor Relationships[2]
400+
Note: All figures as of March 31 2025, unless otherwise indicated
1. AUM is a combined figure inclusive of Blackstone Credit & Insurance “BXCI” and Real Estate Debt businesses.
2. Reflects issuers and sponsors across all asset types within Private Corporate Credit, Liquid Corporate Credit, and Infrastructure & Asset Based Credit, excluding FX derivatives and LP interests.
WHAT WE DO
We invest across the credit markets, managing leading strategies that target sectors with strong fundamentals.
Incumbency
Our platform has evolved alongside the credit markets. This longevity allows us to draw from a deep well of trusted relationships to originate opportunities on behalf of our clients.
Innovation
Our complete capital solutions span the liquidity and risk spectrum, and our close partnerships with borrowers allow us to pinpoint additional opportunities to create value.
Expertise
In addition to more than 20 years’ experience on average, BXCI investment professionals leverage the expertise of the broader Blackstone network, which includes over 100 senior advisors and 50 data scientists.
Blackstone’s Credit STRATEGIES
The breadth of Blackstone’s strategies helps us build solutions optimized for various market conditions and customized for our clients’ needs.
Private Corporate Credit
Liquid Corporate Credit
Infrastructure and Asset Based Credit
Real Estate Credit
The Blackstone Value Creation Program
The Blackstone Value Creation Program
We strive to be not just a capital provider but a capital partner, equipping borrowers with tools – from procurement to cybersecurity to operations – to help them unlock their potential. The program has generated approximately $5 billion in total illustrative value creation across the BXCI portfolio.3
3. Figures are presented for illustrative purposes and include underlying information provided by third parties. They do not reflect actual cost savings or realized proceeds to BXCI, a fund, or to the equity sponsor or the company, and there can be no assurance that cost savings or realized proceeds received by Blackstone or any investor in a Blackstone fund will be increased as a result.
Numbers presented are calculated since inception of the Value Creation program in 2016. Figures presented are based on data reported by portfolio companies and assets and not from financial statements of portfolio companies. While the data reported by portfolio companies and assets is believed to be reliable for purposes used herein, it is subject to change, and Blackstone has not fully verified, and does not assume responsibility for, the accuracy or completeness of this information. Represents the sum of (a) estimated identified total cost reduction opportunities at the time cost is benchmarked with portfolio companies (see footnote 2 for additional details) multiplied by the average enterprise value multiple across the portfolio, by finding the mean of the enterprise value multiples at time of BXCI’s initial investments, and (b) total revenue from introductions across Blackstone portfolio companies multiplied by EBITDA margin and multiple at investment of the portfolio company, with the exception of significantly longer term projects (projects that are greater than or equal to 10 years in project duration) in which total revenue is multiplied by EBITDA margin. Estimates assume revenue enhancements and costs savings directly improve enterprise value or EBITDA margins and that such revenue gains or cost savings will endure for the period of time implied by multiples.
Blackstone Insurance
Proven track record
Our 70+ dedicated insurance professionals offer deep expertise across investments, portfolio analytics, relationship management and product development.
Tailored approach
Our scalable solutions span from customized separately managed accounts (SMAs) to full portfolio management, allowing us to forge long-term, strategic partnerships with our clients.
Global perspective
Our view across industries, asset classes and markets positions us to see trends and craft products aligned with each insurer’s objectives, risk and outlook.
News & Insights
Michael Zawadzki on the Credit Exchange Podcast
Michael Zawadzki, Global Chief Investment Officer for Blackstone Credit & Insurance, discusses the evolution of private credit, the “farm-to-table” model, and how we’re leaning into opportunities amidst volatility.
A Broader Toolkit to Capitalize on the Credit Opportunity
Learn how secular tailwinds have driven a rapid expansion across private credit and how a dynamic multi-asset credit strategy may help investors capitalize on this growing opportunity.
Jon Gray on the Private Credit Markets
Jon Gray, Blackstone President & COO, believes private credit reduces risk in the system because of its lower leverage and better duration matching.
One-on-One with Michael Zawadzki: The Long and Growing Runway for Private Credit
One-on-One with Michael Zawadzki: The Long and Growing Runway for Private Credit
Michael Zawadzki, Global Chief Investment Officer for Blackstone Credit & Insurance, unpacks the opportunity he sees in financing the real economy and why the growth of private credit is just getting started. He also explains why he believes private credit can perform across interest rate environments.
