Regulation FD Disclosure Form 8 K

Item 7.01 Regulation FD Disclosure.

Segment Organizational Updates

On July 3, 2024, Blackstone Inc. ("Blackstone") posted on its website at ir.blackstone.com revised supplemental financial data for the quarter ended March 31, 2024, which reflects certain segment organizational updates described below. The revised supplemental financial data is provided to assist investors in making comparisons of Blackstone's historical performance under Blackstone's revised segment composition described below.

As previously announced, Blackstone made the following segment organizational updates effective the quarter ended June 30, 2024:

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Blackstone's GP stakes business ("GP Stakes"), which targets minority investments in the general partners of private equity and other private market alternative asset management firms globally, with a focus on delivering a combination of recurring annual cash flow yield and long-term capital appreciation, is now included in Blackstone's Private Equity segment.

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Blackstone's platform managed by Harvest Fund Advisors LLC ("Harvest"), which primarily invests in publicly traded energy infrastructure, renewables and master limited partnerships holding midstream energy assets in North America, is now included in Blackstone's Multi-Asset Investing segment (formerly Hedge Fund Solutions).

Prior to these updates, GP Stakes and Harvest were included in Blackstone's Multi-Asset Investing and Credit & Insurance segments, respectively.

The information in Item 7.01 of this Current Report on Form 8-Kshall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. Furthermore, such information shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such filing or document.

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