#blackstone

#blackstone

The rapid pace of constructing data centers could have significant consequences for commercial real estate, particularly given the shift away from traditional office settings.

Since 2018, Blackstone has been releasing increasingly zany videos in time for the holiday season. Think of them as the house with the over-the-top Christmas lights: Some people love it, some hate it, but everyone is talking about it. It's become must-see-TV for Wall Street, and this year's video was among the zaniest. It included a series of mock reality-TV shows and ended with a country-western song-and-dance routine about leveraged loans and data centers.

Blackstone's holiday video series, now in its seventh year, combines 200 employees with celebrity cameos, and is designed to entertain while showcasing the firm’s investment expertise.

Blackstone's credit division is its main growth driver, managing $354.7 billion in assets. This makes it the largest third-party private credit business globally.

"While it's great that ChatGPT and whatnot allows you to search the broader internet, a lot of times what really matters is asking questions and getting summarizations of very specific topical documentation, like internal deals and macroeconomic research from investment banks."