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Blackstone
BLACKSTONE ALTERNATIVE ASSET MANAGEMENT L.P. is an SEC-registered investment adviser in NEW YORK, NY, registered since 1996.
Blackstone
BLACKSTONE ALTERNATIVE ASSET MANAGEMENT L.P. is an SEC-registered investment adviser in NEW YORK, NY, registered since 1996. The firm manages $92.0 billion in assets, with $88.3 billion on a discretionary basis. It has 293 employees and 111 investment advisers.
General information
Firm type
Asset Manager
Year founded
1985
AUM
$1.04 trillion (per Blackstone, Q4 2024)
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
London · Hong Kong · Tokyo · Dubai · Mumbai · Sydney · Sao Paulo
Principals
Stephen A. Schwarzman
Chairman and CEO
Jonathan D. Gray
President and COO
Sector focus
Frequently asked questions
Who runs investment decisions at Blackstone?
Blackstone's investment decisions are decentralized across its four business segments. Stephen Schwarzman serves as Chairman and CEO, while Jonathan D. Gray is President and COO. Each segment has its own global head: Joseph Baratta for Private Equity, Kathleen McCarthy for Real Estate, and Michael Zawadzki for Credit & Insurance (per Blackstone, 2025).
How does Blackstone source proprietary deal flow?
Blackstone leverages its scale and network of over 3,500 professionals across 11 offices globally. Its proprietary deal flow includes direct sourcing from its portfolio company CEOs, industry relationships, and its corporate advisory heritage. The firm also receives early access to transactions due to its reputation as a reliable, well-capitalized buyer (per public record).
Is Blackstone structured as an asset manager or a family office?
Blackstone is a publicly traded alternative asset manager (NYSE: BX), not a family office. It operates under a traditional LP-GP fund structure and manages capital for institutional investors, sovereign wealth funds, pension funds, and high-net-worth individuals. The firm's IPO in 2007 provided permanent capital and aligned management incentives with public shareholders.
Does Blackstone participate in fund commitments or only direct deals?
Blackstone primarily makes direct investments through its funds, but it also co-invests alongside its LPs on a selective basis. The firm does not act as a fund-of-funds except through its Strategic Partners (secondaries) business, which acquires LP stakes in existing private markets funds.
What investment stages does Blackstone typically target?
Blackstone spans the full capital structure and lifecycle: from growth equity and buyouts in private equity, to opportunistic and core-plus real estate, to direct lending, distressed debt, and special situations in credit. It also has a significant insurance asset management platform. Stages range from early-growth through control buyouts and distressed assets.
Which sectors does Blackstone explicitly invest in?
Blackstone invests across nearly all sectors, with major focus on technology, healthcare, energy, real estate, financial services, and consumer. It has dedicated life sciences and energy transition teams. The firm publicly avoids cannabis investments due to regulatory uncertainty and has historically avoided heavily regulated utilities.
How is Blackstone related to its initial co-founder, Peter G. Peterson?
Peter G. Peterson co-founded Blackstone with Stephen Schwarzman in 1985 and served as Chairman until his retirement in 2008. He held a significant ownership stake until his death in 2018. The firm's philanthropic arm, the Peterson Foundation (founded by Peter G. Peterson), operates independently from Blackstone.
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.
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