Jon Gray on Private Credit, AI Infrastructure & an All-Weather Firm | Blackstone Q1 2026 Results

Blackstone President Jon Gray discusses the firm’s Q1 2026 results, perspectives on private credit, and how investment in AI infrastructure is powering results for our investors. In this CNBC Squawk Box interview with Andrew Ross Sorkin, Jon explains why this quarter reinforced Blackstone as an all-weather firm. Despite market volatility, the firm delivered a 25% increase in distributable earnings YoY and had nearly $70B of inflows, including one of its strongest quarters for institutional private credit fundraising. Jon also shares our strategic decision to lean into AI infrastructure, how investments in power and data centers are driving results across the firm, and why this build-out remains a key focus going forward. Full Q1 2026 Results: http://bit.ly/4csFl3e This Discussion Covers: 00:00 – Why Blackstone is an All-Weather Firm 01:00 – Is AI Infrastructure at a Tipping Point? 02:43 – Applying AI at Scale 04:31 – How Individual Investors can Access Private Markets 06:57 – Valuation & Transparency in Private Credit Follow us on Social: LinkedIn —   / blackstonegroup   X (Twitter) —   / blackstone   Instagram —   / blackstone   Sign Up for Blackstone Emails: https://www.blackstone.com/email-signup/