Skip to content
Subscriber Only

Here’s Who Could Lead Blackstone Next

  • Carlyle founders hand co-CEO titles to Youngkin, Lee
  • Blackstone is ‘last man standing’: Chestnut Hill’s Schaye
Video player cover image

Blackstone CEO Wants to Double Assets in Five Years

Many of the giant alternative asset managers in the U.S. have unveiled plans to transfer leadership to a younger generation. Many, that is, except for the biggest.

Blackstone Group LP has yet to publicly name a successor to 70-year-old co-founder and Chief Executive Officer Steve Schwarzman. The silence stands out after Carlyle Group LP’s announcement Wednesday that its founders will hand the firm to a set of younger executives. Carlyle joins a host of alternative-asset managers -- KKR & Co., Apollo Global Management LLC and TPG -- in bolstering their C-suites with fresh faces in recent years.