Blackstone is an alternative asset management company. It operates through four business segments: Real Estate, Private Equity, Hedge Fund Solutions, and Credit & Insurance. The Real Estate segment specializes in investments in logistics, office, rental housing, hospitality, and retail properties, as well as in a range of real estate operating companies. The Private Equity segment comprises private equity funds, infrastructure-focused funds, growth equity investment platforms, multi-asset investment programs, and capital markets services businesses. The Hedge Fund Solutions segment delivers institutional fund management solutions. The Credit & Insurance segment focuses on private corporate credit, liquid corporate credit, and infrastructure and asset-based credit strategies.