Blackstone Stock Crashes along with Major PE Stocks, as Partners Group Caps Fund Withdrawals

Aditya Raghunath4 minute read
Reviewed by: Thomas Richmond
Last updated Jun 3, 2026

Key Stats for Blackstone Stock

  • Pre-market price change for Blackstone stock: -6%
  • $BX Share Price as of Jun. 2: $115
  • 52-Week High: $190
  • $BX Stock Price Target: $144

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What Happened?

Blackstone (BX) stock fell nearly 6% in premarket trading on Wednesday after Swiss asset manager Partners Group moved to cap investor withdrawals from one of its funds.

  • Partners Group restricted redemptions in its $8.6 billion Global Value SICAV fund to just 5% of net asset value, after withdrawal requests hit 9.8%.
  • The news hit the entire private equity sector hard.
  • KKR dropped 4.7%, Ares fell 2.5%, Blue Owl slid 2.7%, and Carlyle edged down 3.1%.
  • Partners Group itself plunged more than 16%, touching a 52-week low.
BX Stock Revenue, EBIT and Free Cash Flow Estimates in Billion USD (TIKR)

The CEO of Partners Group told Bloomberg that redemption pressure, which started in private credit, is now spreading into other asset classes. That spooked investors across the board.

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What the Market Is Telling Us About Blackstone Stock

This isn’t a new story for Blackstone stock. The firm went through a similar episode with its BREIT real estate fund in the past, when retail investors rushed to redeem, and Blackstone had to temporarily cap withdrawals.

At the time, many feared the worst. But BREIT ultimately delivered strong long-term returns, and the fund recovered.

On its Q1 earnings call,

  • Blackstone reported distributable earnings up 25% year-over-year to $1.8 billion and
  • Total assets under management are hitting a record $1.3 trillion.
  • CEO Steve Schwarzman pointed to the firm’s deep exposure to AI infrastructure, data centers, and energy as key growth drivers.
  • COO Jon Gray emphasized that institutional clients, who make up 75% of Blackstone’s credit platform, have continued committing capital despite the negative headlines.

The broader concern is about liquidity mismatches in private fund structures — retail investors wanting out faster than these funds can sell assets. It’s a real risk. But Blackstone stock has navigated this before.

BX Stock Valuation Model (TIKR)

For long-term investors, the key question is whether the underlying assets continue to perform.

Based on Blackstone’s Q1 numbers, the business itself looks solid. But near-term sentiment is taking a hit as the Partners Group news brings the wider industry under fresh scrutiny.

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How Much Upside Does Blackstone Stock Have From Here?

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!

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