Blackstone Inc. (NYSE:BX) was one of the stocks on Jim Cramer’s recent Mad Money game plan. Cramer said the fear was unfounded and that the fund’s assets are not problematic.
I want to hear from Blackstone because it has a private credit fund that got hit by big redemptions. I want to hear more about how that fund’s doing since employees bought shares in it. How are they doing? They should be pretty joyous. The answer’s going to be pretty… good because there weren’t a lot of issues with the assets in the fund to begin with. It was just all a scare. Glad I didn’t play a role in that.
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Blackstone Inc. (NYSE:BX) manages alternative assets, specializing in private equity, real estate, hedge fund solutions, and credit strategies. ClearBridge Investments stated the following regarding Blackstone Inc. (NYSE:BX) in its Q1 2026 investor letter:
In a choppy first quarter, we took advantage of market volatility to reduce some positions on strength and add others on weakness, upgrading our holdings and further diversifying the portfolio. We bought four “new” holdings in the quarter. Two of the four — Blackstone Inc. (NYSE:BX) and Otis — we have owned before. While we sometimes sell great businesses because the valuations are extended or fundamentals deteriorate substantially, we never stop following great companies. Blackstone and Otis both sold off in the quarter, and we took advantage of those declines to welcome these old friends back into the portfolio.
Alongside our purchase of Blackstone, we significantly increased our exposure to Apollo Global Management, as concerns around private credit markets improved risk-reward profiles for both. While losses in credit will inevitably rise from current low levels, both companies are well-positioned to navigate the cycle. Their long-duration capital enables them to weather the ups and downs, while their copious dry powder positions them to play offense. Alternative asset management remains a growth industry, and we believe we are acquiring these two best-in-class franchises at attractive prices.
While we acknowledge the potential of BX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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