Profile: Blackstone Group LP (BX.N)
6 Mar 2015
Blackstone Group LP (Blackstone), incorporated on March 12, 2007, is an asset manager and provider of financial advisory services. The Company’s asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and multi-asset class exposures. Blackstone also provides a range of financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory, and capital markets and fund placement services. The Company operates in five business segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit and Financial Advisory.
The Company’s Private Equity segment includes six private equity funds as well as two other funds focusing on energy and communications-related investments. As of December 31, 2013, the Company invests capital for Tactical Opportunities which had raised approximately $5.1 billion of capital. Blackstone’s existing corporate private equity funds invest primarily in control-oriented, privately negotiated investments.
The Company manages seven opportunistic real estate funds, which include four European focused opportunistic real estate funds, an Asian focused opportunistic real estate fund, a number of real estate debt investment funds, collateralized debt obligations (CDOs), a publicly traded Real Estate Investment Trusts (REIT) and an acquired Asian real estate platform. Blackstone’s real estate opportunity funds make investments in lodging, urban office buildings, shopping centers, residential and real estate operating companies. The debt investment funds real estate debt related investment opportunities in the public and private markets.
Hedge Fund Solutions
Blackstone’s Hedge Fund Solutions group is comprised of Blackstone Alternative Asset Management (BAAM) and manages a range of commingled funds of hedge funds and customized vehicles. BAAM’s businesses also include hedge fund seed, long-only and advisory platforms. BAAM also has launched a public funds platform.
The Company’s credit business comprised of GSO Capital Partners LP (GSO). GSO also manages separately managed accounts and registered investment companies including business development companies. These vehicles have investment portfolios comprised of loans and securities spread across the capital structure, including senior debt, subordinated debt, preferred stock and common equity.
The Financial Advisory segment comprises of financial and strategic advisory services, restructuring and reorganization advisory services, capital markets services and Park Hill Group, which provides fund placement services for alternative investment funds. Our financial advisory businesses are global businesses with approximately 260 professionals around the world.
Financial and Strategic Advisory Services (Blackstone Advisory Partners
Blackstone Advisory Partners focus on a range of transaction execution capabilities, such as with respect to acquisitions, mergers, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements and distressed sales. The Company’s clients include Advance Auto Parts, Aviva plc, Brightpoint, Deutsche Annington, DONG Energy, Georgia-Pacific, J.C. Penney, Los Angeles Dodgers, Noble Group, NYSE Euronext, W.R. Grace and Xerox. Through Blackstone Advisory Partners, the Company also provides capital markets services.
Blackstone Group LP
345 Park Avenue
NEW YORK NY 10154
Company Web Links
- UPDATE 1-Market Chatter -Corporate finance press digest
- Market Chatter - Corporate finance press digest
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- BRIEF-Blackstone, CVC raise 653 mln stg through Merlin share sale