The Wall Street Journal has reported a pending leadership change at Blackstone, citing sources familiar with the plans of its top private equity executive. Joseph Baratta, who has served as the firm's global head of private equity since 2012, is planning to depart from his role. The reports indicate that Baratta is currently preparing to leave the organization, though the firm has not provided an official public announcement.

Blackstone operates as one of the world's largest alternative asset managers and is traded on the New York Stock Exchange under the ticker BX. The details regarding a possible successor or a specific date for Baratta's exit have not been disclosed in the reports citing the people familiar with the matter.