Blackstone is on the cusp of surpassing $1tn in assets under management.
Analysts predict that the private equity giant could arrive at the milestone as soon as Thursday, when it reports second-quarter earnings.
But it would come amid challenging times for Blackstone, after rising redemption requests from its flagship $70bn property fund forced it to limit withdrawals to avoid a fire sale of assets.
Blackstone’s shares fell almost 20% as a result of the gate.
