Profile: Blackstone Group LP (BX.N)
2 Dec 2016
The Blackstone Group L.P. (Blackstone), incorporated on March 12, 2007, is a global alternative asset manager. The Company's alternative asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and other multi-asset class strategies. The Company's segments include Private Equity, Real Estate, Hedge Fund Solutions and Credit.
The Company's Private Equity segment focuses on identifying, managing and creating lasting value for its investors. Its Private Equity segment includes corporate private equity funds; tactical opportunities business, which pursues a global multi-asset class approach to investing in illiquid assets focused on timely opportunities that fall outside the Company's other alternative fund strategies; strategic partners, which is the Company's secondary private fund of funds business, and Blackstone Total Alternatives Solution (BTAS), which is an investment program for eligible high net worth investors. The Company has raised approximately seven general private equity funds, as well as over three specialized corporate private equity funds focusing on energy and communications-related investments.
The Company manages various global, European and Asian focused opportunistic real estate funds, several real estate debt investment funds, a publicly traded real estate investment trust (BXMT), and core and real estate investments. Its real estate opportunity funds are diversified geographically and have made investments in lodging, office buildings, shopping centers, residential and a variety of real estate operating companies. Its debt investment funds target high yield real estate debt related investment opportunities in the public and private markets in the United States and Europe. The Company's core and funds target stabilized office, multifamily, industrial and retail assets across the world. The Company refers to its real estate opportunistic funds as Blackstone Real Estate Partners (BREP) funds, its real estate debt investment funds as Blackstone Real Estate Debt Strategies (BREDS) funds and its core and investment funds as Blackstone Property Partners (BPP) funds.
Hedge Fund Solutions
The Company's Hedge Fund Solutions group comprises Blackstone Alternative Asset Management (BAAM). It manages a range of commingled funds of hedge funds and customized vehicles. BAAM's businesses also includes investment platforms that seed new hedge fund talent, purchase ownership interests in established hedge funds, invest in special situation opportunities, create alternative solutions in regulated structures, and trade long and short public equities.
The Company's credit segment consists of GSO Capital Partners LP (GSO). The funds the Company manages or sub-advises include senior credit-focused funds, distressed debt funds, mezzanine funds and general credit-focused funds concentrated in the leveraged finance marketplace. GSO also manages separately managed accounts and registered investment companies, including business development companies. The Company's vehicles have investment portfolios comprising loans and securities spread across the capital structure, including senior debt, subordinated debt, preferred stock and common equity.
Blackstone Group LP
345 Park Ave
NEW YORK NY 10154-0004
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