Anthropic Investment Propels Blackstone Private Equity Fund to Record May Gains

Key Facts

1Blackstone's private equity fund for wealthy clients recorded its best monthly performance in May.

2The fund's strong performance was largely driven by its investment in AI startup Anthropic.

Amid the intensifying race for AI leadership, strategic investments are proving their capacity to redefine the performance of major portfolios. Blackstone's private equity fund tailored for wealthy individuals recorded its best monthly performance since inception during May. This record-breaking growth was primarily driven by the fund's successful strategic investment in the AI startup Anthropic.

This outperformance coincides with a surge in AI valuations, as Anthropic has secured billions in funding from tech giants like Amazon and Google, significantly boosting its market valuation per search citations. Compared to peers, while firms like KKR and Apollo have focused heavily on data infrastructure, Blackstone's direct bet on large language models has provided a distinct advantage in recent quarterly returns per market data.

At the close of July 1, 2026, Blackstone (BX) shares stood at $119.55, having reached a daily high of $121.01 according to pre-fetched price data. Investors are now looking ahead to upcoming speeches from Fed officials Williams and Kashkari for clues on borrowing costs affecting private equity deals, alongside the release of China's Manufacturing PMI on June 30 as a key global sentiment catalyst.