Blackstone vs Carlyle

Blackstone's Jas Khaira to speak at TechCrunch Disrupt on building AI giants

TechCrunch Disrupt 2026 will feature Jas Khaira, global head of Blackstone N1, in a session titled 'Building the Next Generation of AI Giants'. Khaira will discuss what Blackstone looks for when backing category-defining AI companies, how founders should think about capital as they scale, and what distinguishes lasting businesses from those with only early traction. The article highlights that AI startups often need enormous capital for compute, data centers, and other infrastructure. Recent Blackstone investments illustrate this trend, including a $600 million primary equity investment in Indian AI infrastructure company Neysa (planned to raise an additional $600 million in debt) and a $1.5 billion joint venture with Anthropic to launch Ode, an AI implementation company, backed by Blackstone, Hellman & Friedman, Goldman Sachs, and others. The session will offer an investor's perspective on evaluating momentum, financing growth, and building for the long term.

• Jas Khaira, global head of Blackstone N1, will speak at TechCrunch Disrupt 2026 on 'Building the Next Generation of AI Giants'.
• Khaira joined Blackstone in 2004 and is also head of Blackstone Growth and head of Tactical Opportunities Americas.
• Blackstone and co-investors agreed to invest up to $600 million in primary equity in Indian AI infrastructure company Neysa.

Blackstone Announces Significant Investment to Launch Falcata, Leader in Next-Generation Interceptor Technologies

Blackstone announced a significant investment to launch Falcata, a leader in next-generation interceptor technologies, dated October 01, 2026.

10-Q Financial Filing Analysis for Blackstone (2026-08-07)

For the quarterly period ended June 30, 2026, Blackstone reported strong consolidated operational and financial performance, driven by gains across its investment portfolio and higher management and performance revenues. Total GAAP revenues reached $5.04 billion for the quarter, up 35.9% year-over-year from $3.71 billion, supported by Management and Advisory Fees of $2.27 billion and Total Investment Income of $2.47 billion. Net income attributable to Blackstone Inc. rose 60.8% to $1.23 billion ($1.54 per diluted share), compared to $764.24 million ($0.98 per diluted share) in Q2 2025. Total Assets Under Management-driven accrued performance allocations expanded to $13.91 billion as of June 30, 2026, reflecting solid valuation appreciation across Private Equity ($11.18B) and Real Estate ($1.92B).

• Total GAAP revenue for Q2 2026 rose 35.9% year-over-year to $5,043,978,000, while Net Income Attributable to Blackstone Inc. reached $1,229,189,000 ($1.54 per diluted share).
• Segment revenues for Q2 2026 totaled $3,802,071,000 against Total Segment Expenses of $1,604,383,000, led by $2,250,296,000 in Net Management and Advisory Fees.
• Total Accrued Performance Allocations on the balance sheet increased to $13,906,754,000 as of June 30, 2026, compared to $12,980,356,000 at year-end 2025.

10-Q Financial Filing Analysis for Carlyle (2026-08-10)

The Carlyle Group Inc. reported its second-quarter 2026 financial results, recording total revenues of $1,123.5 million for the three months ended June 30, 2026, down from $1,572.9 million in the prior-year period. Net income attributable to The Carlyle Group Inc. stood at $137.1 million ($0.38 per basic share), compared to $319.7 million ($0.89 per basic share) in Q2 2025. For the six-month period, revenue fell to $1,377.5 million and net income dropped to $4.9 million, primarily driven by negative unrealized performance allocations of $(993.8) million (most notably from Carlyle Partners VII, L.P.). Recurring fund management fees demonstrated sustained resilience, increasing to $657.0 million in Q2 2026 ($1,241.0 million year-to-date), supported by strong fee-earning AUM across Global Credit and Carlyle AlpInvest.

• Q2 2026 total revenues reached $1,123.5 million, with fund management fees contributing $657.0 million and net income attributable to Carlyle reaching $137.1 million ($0.37 diluted EPS).
• Six-month 2026 net performance allocations declined to $(636.4) million due to unrealized valuation write-downs of $(993.8) million, driven significantly by Carlyle Partners VII, L.P.
• Total balance sheet assets stood at $28,195.6 million as of June 30, 2026, with cash and cash equivalents of $1,256.5 million and corporate debt obligations of $2,998.8 million.

Very Group sale collapses as bids fall short of £2bn

The planned sale of British online retailer The Very Group is on the verge of collapsing, as owner Carlyle fails to find a buyer willing to meet its minimum valuation of around £2 billion. According to Sky News, the sales process is likely to be abandoned. Carlyle took control in November 2025 as part of a financial restructuring, paying a nominal £1. Although a sales process was initiated, it was not a binding commitment. Potential bidders, including Chinese e-commerce giant JD.com and US investor Elliott Advisors, showed preliminary interest but did not submit offers at the desired level. The company has shown operational stability, with adjusted EBITDA up 15.9% to £307.1 million in FY2024/25, despite flat revenue. Carlyle is expected to retain ownership and focus on improving profitability and growth before potentially attempting another sale.

• The Very Group's sale process is likely to be scrapped as bidders failed to meet the £2bn asking price.
• Carlyle acquired The Very Group in November 2025 for a nominal £1 as part of a debt restructuring.
• JD.com and Elliott Advisors were potential bidders but did not meet the valuation.