# Blackstone

Blackstone is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1985
- **Assets under management:** $1.3 trillion
- **Website:** www.blackstone.com
- **LinkedIn:** https://linkedin.com/company/blackstonegroup

## Regulatory record

- **CRD number:** 107580
- **SEC file number:** 801-52559
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/107580

## About

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.

## Sectors

- Real Estate
- Private Credit
- Hedge Funds
- Secondaries & Special Situations
- Infrastructure
- Energy Transition & Renewables
- Enterprise Software
- Healthcare Services
- Media & Entertainment
- Luxury

## Offices

- London
- Hong Kong
- Tokyo
- Dubai
- Mumbai
- Sydney
- Sao Paulo

## People

- Stephen A. Schwarzman — Chairman and CEO
- Jonathan D. Gray — President and COO

## 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).

### 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.

## Related profiles

- [Fagan Associates Inc](https://altss.com/profile/fagan-associates-inc)
- [Invesco Private Capital](https://altss.com/profile/invesco-private-capital-inc)

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Last updated: 2026-07-09T00:56:35.449Z

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