Blackstone is still considering whether to convert to a corporation from a partnership and has been impressed by the stock performance of rival KKR & Co since it made the switch, President and Chief Operating Officer Jon Gray said on Thursday.
"We've been impressed by KKR's recent stock performance post-conversion announcement. We continue to analyze this option but it's a very significant decision for our shareholders so we will be thoughtful and deliberate," Gray said in a call with reporters for the firm's second-quarter earnings.