These firms view Blackstone as one the companies best levered to a cyclical credit market recovery, with a record un-invested capital. Also, significant investment activities are expected in Private Equity (PE) and Real Estate (RE) segments. According to these firms, the company continues to show its ability to raise new capital. However, it needs to focus more on AUM growth and cross-selling opportunities over the next few quarters. Further, Blackstone has planned to use gains from its main investments for growth opportunities. Though the management remains cautious about the state of the US economy, these firms believe that Blackstone is well positioned to benefit, particularly as it increasingly seeks international opportunities. Additionally, these firms believe that the company’s diversified footprint provides it with numerous opportunities to capture investor flows and offer a broad base of prospective investor capital.