On September 10, Blackstone Group LP fell 3.04% in regular trading, trading at $125.42/share, with turnover of $82.69 million, extending the prior session's decline.

On the news front, multiple headwinds converged. The CruxAI data center project — a joint venture with Google backed by $5 billion in Blackstone equity — continues to face delays due to transformer shortages and contractor changes, with on-time delivery probability falling to roughly 50% from 90% three years ago. Additionally, global real estate head Nadeem Meghji departed the firm, with David Levine and Giovanni Cutaia appointed as co-heads, adding management uncertainty atop a $608 billion real estate portfolio. Separately, Blackstone-backed pipeline company Kinetik Holdings is reportedly in early-stage exploration of options including a potential sale valued around $8.9 billion, while the firm also seeks to divest skincare company ZO Skin Health at approximately $2 billion.

The broader asset management sector traded lower in sympathy, with KKR down 3.21%, Ares Management down 1.82%, and BlackRock down 0.84%.

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