Stephen Schwarzman in New York. (Photo by Hiroki Endo)My Personal HistoryJapanese capital saved what is now the world's largest alternative asset managerSTEPHEN SCHWARZMANOctober 1, 2026 07:15 JSTI co-founded Blackstone, an American investment firm, in 1985. Read NextMy Personal HistoryThe 80-year journey of an industrialist: Henry Kravis (1)My Personal HistoryFinding my way: Gerald Curtis (1)Haruhiko KurodaPursuing the national interest: Haruhiko Kuroda (1)InterviewBlackstone to invest $30bn in Japan AI data centers: presidentInsuranceNippon Life to invest $9.4bn in Blackstone private credit dealPropertyBlackstone and ESR home in on Japan warehousesBusiness dealsSony to buy music catalog from Blackstone with Singapore's GICLatest on My Personal HistoryMy Personal HistoryLooking to the future after a 60-year journey: Gerald Curtis (30)My Personal HistoryThe US and Japan in the post-postwar era: Gerald Curtis (29)My Personal HistoryRetirement: Gerald Curtis (28)