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At a glance
Blackstone appears in 11 funding rounds tracked by ValueAddVC since 2025, leading 5. Its most frequent sector in these rounds is AI & Infrastructure, and its most recent tracked deal was Factory's $200M round (Sep 16, 2026). It co-invests most often with Coatue Management, Sequoia Capital and Altimeter Capital. ValueAddVC also tracks 5 funds managed by Blackstone.
Strategy
Stages
Growth / Buyouts (via BXG)
Sectors
Technology
Geographies
miamiNew York, New York, USA
Check size
UndisclosedLast verified Aug 11, 2026
Recent changes
- Oct 17, 2026Oct 17, 2026Follow-on: Invested in Anthropic ($60B) TokenPost
- Oct 8, 2026Oct 8, 2026Invested in Waymo (Debt, $5B) TechCrunch
- Oct 6, 2026Oct 6, 2026Invested in Lambda (Pre-IPO, Up to $4B)Rumored TechCrunch
- Sep 16, 2026Sep 16, 2026Invested in Factory ($200M) TechFundingNews
- Aug 13, 2026Aug 13, 2026Invested in Databricks (Strategic growth round, $5B) Bloomberg
Earlier changes (11)
- Aug 7, 2026Aug 7, 2026Invested in Firmus (Growth, US$2B (A$2.85B)) Startup Daily
- Jul 2026Jul 2026Invested in Quantum Systems (Series D, $1.2B) Wikipedia
- May 28, 2026May 28, 2026Follow-on: Invested in Anthropic (Series H, $65B) TechCrunch
- Nov 2025Nov 2025Follow-on: Invested in Norm AI (Strategic investment, $50M) Norm Ai
- Oct 20, 2025Oct 20, 2025Invested in OpenEvidence (Series C, $200M) TechCrunch
- Sep 2, 2025Sep 2, 2025Invested in Anthropic (Series F, $13B) TechCrunch
- May 15, 2025May 15, 2025Invested in Entrata ($200M) Entrata
- Jan 2025Jan 2025Invested in Norm AI (Strategic investment, $48M) Norm Ai
- Jun 28, 2024Jun 28, 2024New fund: Blackstone Capital Opportunities Fund V SEC EDGAR Form D
- Nov 19, 2020Nov 19, 2020New fund: Blackstone Growth Fund I SEC EDGAR Form D
- Aug 7, 2019Aug 7, 2019New fund: Blackstone (PTI Fund Holdings) (DE) SEC EDGAR Form D
Funds
5| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| Blackstone Tactical Opportunities Fund (VG Co-Invest) | 2026 | — | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Aug 19, 2026SEC EDGAR Form D |
| Blackstone Capital Opportunities Fund V | 2024 | — | Opportunity | As of Jan 12, 2026SEC EDGAR Form D |
| Blackstone Growth Fund I | 2020 | — | Growth | As of Nov 19, 2020SEC EDGAR Form D |
| Blackstone (PTI Fund Feeder) (Cayman) | 2019 | — | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Aug 7, 2019SEC EDGAR Form D |
| Blackstone (PTI Fund Holdings) (DE) | 2019 | — | Flagship | As of Aug 7, 2019SEC EDGAR Form D |
Portfolio
13 totalRecent Investment Activity
13Track record: led 5 and participated in 6 of 11 tracked venture rounds · 8 in the last 12 months · led 1 Pre-IPO, 1 Series D, 1 Strategic investment
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Oct 17, 2026 | Anthropic | debt | Led | $60B | — | BlackstoneLeadunverified | TokenPost |
| Oct 8, 2026 | Waymo | Debt | Led | $5B | $126B | BlackstoneLeadunverifiedSixth StreetunverifiedCapital GroupunverifiedT. Rowe PriceunverifiedApollo Global ManagementunverifiedBlue Owl CapitalunverifiedFranklin TempletonunverifiedFidelity InvestmentsunverifiedPIMCOLoomis SaylesDiameter Capital PartnersHPS Investment Partners | TechCrunch |
| Oct 6, 2026 | Lambda | Pre-IPORumored | Led | Up to $4B | ~$18.5B | BlackstoneLeadunverifiedCoatue ManagementLeadunverified | TechCrunch |
| Sep 16, 2026 | Factory | funding round | Led | $200M | $5B | TechFundingNews | |
| Aug 13, 2026 | Databricks | Strategic growth round | Participated | $5B | $190B | Coatue ManagementLeadunverifiedBlackstoneunverifiedMGXunverifiedT. Rowe PriceunverifiedSixth StreetunverifiedBondunverifiedPoint72unverifiedPremji InvestunverifiedTPGunverifiedAndreessen HorowitzunverifiedThrive CapitalunverifiedClearlake Capital | Bloomberg |
| Aug 7, 2026 | Firmus | Growth | Participated | US$2B (A$2.85B) | A$15B (~US$10.5B) | BlackstoneunverifiedJane StreetunverifiedRegal Funds ManagementunverifiedEllerston CapitalunverifiedCoatue ManagementunverifiedNvidiaunverifiedArchibald CapitalTectonic Investment Management | Startup Daily |
| Jul 2026 | Quantum Systems | Series D | Led | $1.2B | $8B | BlackstoneLeadCNBCNoteusLeadCNBCAirbus VenturesLeadCNBCAdvent InternationalLeadCNBCHV CapitalCNBCDTCPunverifiedThiel CapitalunverifiedProject AunverifiedOmnes CapitalunverifiedScaleUp Fonds Bayern | Wikipedia |
| May 28, 2026 | Anthropic | Series H | Participated | $65B | $965B | TechCrunch | |
| Nov 2025 | Norm AI | Strategic investment | Led | $50M | — | BlackstoneLeadunverified | Norm Ai |
| Oct 20, 2025 | OpenEvidence | Series C | Participated | $200M | — | TechCrunch | |
| Sep 2, 2025 | Anthropic | Series F | Participated | $13B | $183B | TechCrunch | |
| May 15, 2025 | Entrata | funding round | Led | $200M | $4.3B | BlackstoneLeadunverified | Entrata |
| Jan 2025 | Norm AI | Strategic investment | Participated | $48M | — | VanguardunverifiedBlackstoneunverifiedBain CapitalunverifiedCiti VenturesunverifiedCoatue ManagementunverifiedTIAA | Norm Ai |
Sector / Stage Activity
By sector (portfolio)
AI infra
6 · 46%
Defense
2 · 15%
Cybersecurity
1 · 8%
Enterprise SaaS
1 · 8%
Developer tools
1 · 8%
Healthcare
1 · 8%
Robotics
1 · 8%
By stage (tracked rounds)
Strategic investment
2 · 15%
Debt
1 · 8%
Pre-IPO
1 · 8%
Strategic growth round
1 · 8%
Growth
1 · 8%
Series D
1 · 8%
Series H
1 · 8%
Series C
1 · 8%
Series F
1 · 8%
Co-Investors
12Similar Firms
overlapping sector, stage or regionLatest Pulse
- Oct 19, 2026Blackstone Closes $8.7B Energy Transition Fund VBlackstone closed Energy Transition Partners V at its $8.7B hard cap, more than 50% larger than its predecessor fund, after demand exceeded its fundraising target.→
- Oct 17, 2026Anthropic's $60B Debt Plan Would Pay Blackstone 10%+ YieldsAnthropic is negotiating a $60 billion chip-financing package, Project North Star, that would have Blackstone funds anchor an $18 billion junior tranche at yields above 10% to fund 1.5 gigawatts of Google TPUs.→
- Sep 3, 2026Charter's CFO Jumps to a Blackstone-Google AI VentureCharter Communications CFO Jessica Fischer is leaving to become CFO of a Blackstone-Google joint venture building US AI data-center capacity, seeded with $5 billion in equity toward 500 megawatts by 2027.→
- Aug 20, 2026August's AI Infrastructure Deals Already Top $8.7BDatabricks' $5B raise, Firmus' $2B round, Castelion's $1B Series C and Etched's $700M add up to $8.7B in AI infrastructure and adjacent capital-intensive funding in August alone.→
- Aug 17, 2026August's Mega-Rounds Have Already Cleared $9BFive disclosed rounds in the first two weeks of August 2026 -- Databricks, Firmus, River AI, Lovable and Form Energy -- total roughly $9.25 billion, with data infrastructure and AI compute taking three quarters of it.→
- Aug 7, 2026Firmus Grid Raises $2B for AI Factories in APACAustralian AI infrastructure builder Firmus Grid closed a fully subscribed $2 billion round from Nvidia, Coatue and Blackstone, pushing its valuation above $10.5 billion to fund AI-factory expansion across Australia and Asia-Pacific.→
- Aug 7, 2026Ex-Bitcoin Miner Firmus Raises $2B for AI FactoriesFormer bitcoin miner Firmus Grid raised a $2 billion strategic round from Nvidia, Coatue and Blackstone, pushing its post-money valuation above $10.5 billion to build AI data centers across Australia and the Asia-Pacific.→
- Jul 30, 2026Jersey Mike's Falls Below IPO Price in NYSE DebutJersey Mike's shares opened as much as 9% below their $23 IPO price on the NYSE Thursday before partially recovering, after the Blackstone-backed sandwich chain raised roughly $1 billion valuing the company at $7.3 billion.→
- Jul 30, 2026Jersey Mike's Raises $1B in Blackstone-Backed NYSE DebutJersey Mike's began trading on the NYSE under ticker JMKE after pricing its IPO at $23 a share, raising roughly $1 billion and valuing the sandwich chain at $7.3 billion, though shares opened below the IPO price as Blackstone retains majority voting control.→
- Jul 29, 2026Jersey Mike's Prices IPO Tonight at Up to $7.9B ValuationBlackstone-backed Jersey Mike's Subs prices its IPO Wednesday night at a targeted $21-$25 a share, valuing the 70-year-old sandwich chain at up to $7.9 billion ahead of its Thursday debut on the NYSE under ticker JMKE.→
- Jul 27, 2026Jersey Mike's Set To Price $8B IPO This WeekBlackstone-backed sandwich chain Jersey Mike's is set to price its IPO this week at a targeted valuation near $8 billion, the largest US consumer IPO of 2026 in the sector's weakest listing year in a decade.→
- Jul 15, 2026Anthropic, Blackstone Bet Big on AI ImplementationAnthropic and Blackstone are betting the next trillion-dollar AI business will be built on implementation and deployment services rather than model development itself.→
- Jul 3, 2026Quantum Systems Raises $1.2B Series D as Europe Bets Big on Sovereign DroneQuantum Systems, a German maker of autonomous drones and multi-domain uncrewed systems, closed a $1.2 billion Series D co-led by Blackstone, Airbus Defence and Space and Advent International, more than doubling its valuation to roughly $8 billion.→
Blackstone FAQ
What companies has Blackstone invested in?
Blackstone's portfolio includes Anthropic, Shield AI, Firmus, Waymo, Lambda, Etched, and 7 more tracked companies.
Who does Blackstone co-invest with most?
In the rounds Value Add tracks, Blackstone most often invests alongside Coatue Management (7 shared deals), Andreessen Horowitz (5 shared deals), Sequoia Capital (5 shared deals), Fidelity Investments (4 shared deals), Kleiner Perkins (4 shared deals).
Sources & methodologyshow
Where these figures come from
- Norm Aiprimary source2 facts
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- Bloombergmajor outlet1 fact
- TechCrunchmajor outlet1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.