Blackstone is an alternative asset management company. It operates through four business segments: Real Estate, Private Equity, Credit & Insurance, and Multi-Asset Investing. 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 and infrastructure-focused funds, growth equity investment platforms, multi-asset investment programs, and capital markets services businesses. The Credit & Insurance segment focuses on private and liquid corporate credit and infrastructure and asset-based credit strategies. The Multi-Asset Investing segment delivers asset management through compelling risk-adjusted returns.