Blackstone is the world’s largest alternative asset manager, with more than $1.1 trillion in assets under management. Blackstone President & COO Jonathan Gray says recognizing patterns and having a contrarian view are key to excess returns, and the reason why Blackstone has been able to grow so rapidly. In this Goldman Sachs Talks, Gray sat down with John Waldron, President & COO of Goldman Sachs, to discuss positive signs in the real estate market, why company culture is important, and lessons from his over 30 years at Blackstone.
Record Date – September 27, 2024
Chapters -
0:00 Introduction
2:04 Early Career
3:54 Blackstone then and now
6:54 Hilton Hotels transaction
12:08 Current approach: macro environment
15:00 Current approach: transaction activity
17:14 Top of mind themes
22:40 Firmwide implementation
25:15 Commercial real estate
28:21 Leadership style
32:08 Philanthropy
34:53 Conclusion