Blackstone (NYSE: BX) has had an impressive rise over the past five years. The company's share price has nearly tripled, and it provided an annualized return of roughly 22%. That is nearly three times more than the S&P 500 during that same period.

The stock had a rocky end to 2022, leaving many investors wondering what's in store for this leading alternative asset management company over the next five years. Let's take a closer look and see where the company could be headed and if this time period will bring similar market-beating returns as the years prior.

Blackstone is one of the leading global alternative asset management companies, helping high-net-worth individuals and large corporations, like insurance companies, invest in things like real estate, debt equities, fintech, and renewable energy. 

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Source Fool.com