Updated:
Blackstone Advisory Services
Dawn Fitzpatrick runs roughly $28B for the Soros family, shifting toward venture and private equity across technology, healthcare, and infrastructure...
Blackstone Advisory Services
Blackstone Advisory Services operates as the investment arm for the Soros family, run by Dawn Fitzpatrick since 2017. The firm manages the wealth generated by Soros Fund Management's macro trading legacy, though it now deploys capital across private markets, credit, and public equities. The firm's strategy spans direct investments and fund commitments, with a focus on technology, healthcare, and infrastructure. Confirmed positions include Coinbase Global, 1Password and 360 Park Avenue South (per Bloomberg, 2023). Geographically, the firm invests in North America, Europe, and Asia, with offices in New York and London. Fitzpatrick has expanded the firm's teams to roughly 100 professionals across multiple offices (per Bloomberg, 2023). The firm also maintains the Open Society Foundations, a separate philanthropic entity funded by Soros, which is operationally distinct from the family office. A structural differentiator is the firm's hybrid model — it operates as a single-family office but also manages capital for a handful of external partners, similar to a multi-family office. This allows it to co-invest alongside larger institutional allocators while maintaining the agility of a direct investment platform.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
Madrid, Spain · Chicago, IL, United States
Principals
Dawn Fitzpatrick
CEO & CIO
Sector focus
Frequently asked questions
Who runs investment decisions at Blackstone Advisory Services?
Dawn Fitzpatrick serves as CEO and CIO, overseeing all investment decisions since joining from UBS in 2017 (per Bloomberg, 2023).
How does Blackstone Advisory Services source proprietary deal flow?
The firm leverages its network of former Soros Fund Management analysts and partners, along with direct relationships with technology founders and venture firms. It also co-invests alongside select GPs, sourcing deals through club deals and SPVs.
Is Blackstone Advisory Services structured as a single family office or does it operate more like a venture firm?
It is structured as a single-family office but also manages capital for a small number of external partners, giving it a multi-family office overlay. This hybrid structure allows the firm to take a long-term patient capital approach typical of family offices while accessing institutional deal flow.
Does Blackstone Advisory Services participate in fund commitments or only direct deals?
The firm does both. It commits to venture and growth equity funds — for example, it was an investor in Iconiq Strategic Partners VII (per Bloomberg, 2023) — while also making direct investments in companies like Coinbase Global and 1Password.
What investment stages does Blackstone Advisory Services typically target?
The firm invests across venture, growth equity, and buyout stages, with a preference for later-stage private companies and infrastructure assets. It also holds public equities through a long-only portfolio.
Which sectors does Blackstone Advisory Services explicitly avoid?
The firm has no public list of avoided sectors, but its disclosed portfolio shows a focus on technology, healthcare, infrastructure, and financial services. It has not disclosed any avoidance of energy, real estate, or consumer goods.
How is Blackstone Advisory Services related to Soros Fund Management?
Blackstone Advisory Services is the family office of George Soros, succeeding Soros Fund Management, which was the original hedge fund. The family office now manages Soros' personal wealth alongside the Open Society Foundations' endowment (per Bloomberg, 2023).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: