Blackstone Group is the world's leading alternative asset management and consulting company, established in 1985 and headquartered in new york, USA. Blackstone Group's business covers private equity, real estate, hedge funds, credit and other fields, and it is one of the largest private equity investment funds in the world. By the fourth quarter of 2022, Blackstone's assets under management exceeded US$ 950 billion, while Goldman Sachs Group is the world's leading investment bank and financial services company, established in 1869 and headquartered in new york, USA. Goldman Sachs covers investment banking, wealth management, securities trading and other fields, and is one of the largest investment banks in the world. In terms of market value, asset scale and business scope, Goldman Sachs Group is more powerful than Blackstone Group. This is because Goldman Sachs, as a comprehensive investment bank, has a wider business scope, including financial products such as stocks, bonds, commodities and foreign exchange, as well as services such as mergers and acquisitions and financial consultancy. Blackstone, on the other hand, is large in scale, mainly in the form of funds, and its business is relatively more focused.