Fireside Alpha(@firesidealpha):$BX Jon Gray reveals Blackstone's portfolio companies grew their Anthropic spend 21-fold in a year to a $525 million run rate "Now you may ask, is this really happening? Well, we have an amazing lens at Blackstone through our portfolio companies." "This data comes from our portfolio companies, our GP stakes portfolio companies, and our borrowers. We had, amongst these 1,400 companies, $25 million of run-rate revenue in September of '25. That number is up 21-fold, annualized run-rate revenue, to $525 million of spend with Anthropic." "That is what's happening out there because these companies are getting extraordinary returns on the investment." _______ For Jon Gray's full set of takeaways and slides:

2026.09.21 22:48

$BX Jon Gray reveals Blackstone's portfolio companies grew their Anthropic spend 21-fold in a year to a $525 million run rate "Now you may ask, is this really happening? Well, we have an amazing lens at Blackstone through our portfolio companies." "This data comes from our portfolio companies, our GP stakes portfolio companies, and our borrowers. We had, amongst these 1,400 companies, $25 million of run-rate revenue in September of '25. That number is up 21-fold, annualized run-rate revenue, to $525 million of spend with Anthropic." "That is what's happening out there because these companies are getting extraordinary returns on the investment." _______ For Jon Gray's full set of takeaways and slides: