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Blackstone

Global alternative asset manager and investor

Private Equity Summer Associate / Senior Associate Intern

Summer 2027
No salary listed
Internship
MBA
Tokyo, Japan
In Person
Finance & BankingPrivate Equity

About the job

Requirements
  • Currently enrolled as a full-time MBA student.
  • Anticipated graduation between December 2027 and July 2028.
  • Fluency in reading and writing English and Japanese.
  • Resume must include expected graduation month and year and GPA.
  • Resume must be in PDF format.
Responsibilities
  • Work on companies across a wide range of industries on potential investments, acquisitions, potential exit opportunities, and monitoring current portfolio companies.
  • Participate in transaction due diligence, valuation analysis, and negotiation of contracts and other agreements.
  • Conduct investment research.
  • Perform financial analysis, valuation, and modeling.
  • Conduct industry and competitive analysis.
  • Conduct business diligence.
  • Draft memoranda for internal and external use.
  • Assist in the execution and financing of transactions.
Desired Qualifications
  • A solid knowledge of business strategy, finance, and accounting.
  • Prior experience in private equity.

About the company

Blackstone manages alternative assets for institutions and individuals, specializing in private equity, real estate, and credit investments. It mobilizes capital through vehicles like BREIT and BCRED and deploys into real estate, loans, and private securities to generate income and growth. The company distinguishes itself by its global scale, broad product suite, and access created through partnerships with financial advisors and wealth managers. Its goal is to build and manage industry-leading businesses and assets to deliver durable, long-term returns for investors.

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

New York City, New York

Founded

1985

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Simplify's Take

What believers are saying

  • July 2026 inflows reached $68.3 billion, with $262.5 billion over twelve months.
  • Blackstone launched BXPM in 2026, broadening non-U.S. wealth access to private markets.
  • VoltaGrid, Eurowind, and AI data-center bets align Blackstone with power scarcity.

What critics are saying

  • Joe Baratta exits in 2026, removing Blackstone's private-equity steward during succession.
  • IDP rejected Blackstone's A$694.7 million bid on September 22, 2026.
  • A prolonged BREIT or BCRED run would freeze Blackstone's retail fundraising engine.

What makes Blackstone unique

  • Blackstone ran $1.35 trillion AUM in July 2026, dwarfing alternative managers.
  • Its perpetual wealth funds, BREIT and BCRED, lock in sticky retail capital.
  • Blackstone pairs private equity, credit, real estate, and infrastructure inside one platform.

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Benefits

  • Professional Development Budget
  • Flexible Work Hours
  • Remote Work Options
  • 401(k) Company Match
  • Paid Vacation
  • Mental Health Support
  • Wellness Program
  • Paid Sick Leave
  • Paid Holidays
  • Employee Discounts
  • Company Social Events

Company News

Yahoo Finance
Oct 22nd, 2026
Blackstone shares jump 5.3% as $63B inflows offset 13% earnings drop

Blackstone shares rose 5.26% to $115.34 on Thursday, even though the alternative-asset manager reported weaker third-quarter distributable earnings. Investors focused on strong fundraising and recurring fees. Distributable earnings fell 13% to $1.32 per share, and net realisations dropped 34% to about $332 million as investment exits slowed. Net inflows topped $63 billion, lifting assets under management to $1.37 trillion. Fee-related earnings rose 6%, softening the hit from weaker investment-sale profits. Blackstone now needs to turn more investments into realised profits while keeping new capital coming in.

DealStreetAsia
Oct 22nd, 2026
Blackstone eyes AI financing boom, with 7% of its $1.4T assets already exposed

Blackstone sees growing opportunities to finance artificial intelligence (AI) infrastructure, from chips and computing equipment to power generation and data centres. "The needs of capital here are so enormous. It's unprecedented in our lifetimes," President Jon Gray said on the firm's third-quarter earnings call. The firm is reportedly committing $9 billion to a junior-debt tranche in an $18 billion financing package for Anthropic's AI chips and computing infrastructure, part of a broader $60 billion arrangement. In June, its Credit & Insurance business joined a $35 billion financing launched by Apollo and Broadcom for Anthropic. Blackstone is also weighing dedicated investment vehicles alongside broader funds. About 7% of its $1.4 trillion in assets under management is exposed to AI infrastructure. Gray said the firm focuses on physical infrastructure and long-term contracted assets to manage risks such as technological obsolescence.

CNBC
Oct 22nd, 2026
Blackstone's Gray says CoreWeave will "find a way through" financing strain on $51.6B debt

Blackstone president and chief operating officer Jon Gray says CoreWeave will "find a way through" its financing pressure. He told CNBC the neocloud company has a talented chief executive officer and a strong underlying business. CoreWeave's stock has fallen 14% over the past week, while bond yields and credit default swap spreads have risen. The company has roughly $51.6 billion in total debt, including about $35 billion in notes, bonds, and loans. Gray said demand for computing power is strong, with compute pricing up 50% for neoclouds that get through. Their legacy chips are worth more than expected, he added, and their data centres are leased below market. Blackstone reported third-quarter revenue of $3.22 billion, below the $3.28 billion analysts expected. Adjusted earnings of $1.32 per share beat the $1.26 estimate.

TechCrunch
Oct 21st, 2026
Blackstone's Khaira says AI-buildout debt fears are overblown as it backs compute with $1.3T in assets

Blackstone executive Jas Khaira says fears over AI infrastructure debt are overblown. Speaking at TechCrunch Disrupt, he said most data centre debt is backed "by the most creditworthy companies in the world," since hyperscalers are the main customers. Blackstone, which manages $1.3 trillion in assets, lends to neoclouds, cloud providers that rent out AI chips. Its first such deal was a $2.3 billion loan to CoreWeave in 2023. This year it co-led a $10 billion credit facility for Firmus with Coatue. Worries have grown as rates rise. CoreWeave's debt is about $50 billion, and its shares fell over 20% in recent days. Firmus scrapped its planned IPO at a roughly $30 billion valuation. "This doesn't feel like something where you've got 2008 banks that are shaky credits," Khaira said.

Bloomberg
Oct 21st, 2026
Stripe nears lease for London office space owned by Blackstone

Stripe is close to signing a lease for space at a London office owned by Blackstone, as the fintech company expands rapidly.