# Blackstone Alternative Credit Advisors

Blackstone Alternative Credit Advisors 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:** 2014
- **Assets under management:** Undisclosed
- **Website:** blackstone.com

## Regulatory record

- **CRD number:** 137519
- **SEC file number:** 801-65207
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/137519

## About

BLACKSTONE ALTERNATIVE CREDIT ADVISORS LP is an SEC-registered investment adviser in NEW YORK, NY, registered since 2006. The firm manages $44.1 billion in assets, with $42.6 billion on a discretionary basis. It has 753 employees and 443 investment advisers.

## Sectors

- Private Credit
- Energy Transition & Renewables
- Real Estate
- Infrastructure
- Secondaries & Special Situations

## Offices

- London, United Kingdom

## People

- Gilles Dellaert — Global Head of Blackstone Credit & Insurance (BXCI)
- Michael Zawadzki — Global Chief Investment Officer of BXCI

## Questions

### Who runs investment decisions at Blackstone Alternative Credit Advisors?

Gilles Dellaert leads the overarching Blackstone Credit & Insurance (BXCI) platform as Global Head. Michael Zawadzki serves as Global Chief Investment Officer of BXCI, overseeing investment strategy across liquid and illiquid credit. Individual investment decisions are made by sector-specialist teams within the direct lending, asset-based finance, and structured credit groups, operating under the firm's central risk framework.

### How does Blackstone Alternative Credit Advisors source deal flow?

Deal flow is generated through Blackstone's integrated sector coverage model. The credit group leverages relationships cultivated by the firm's private equity, real estate, and infrastructure teams, as well as direct relationships with private-equity sponsors, corporate borrowers, and intermediaries. Blackstone's scale and brand give it early visibility into large, complex financing needs that smaller credit managers cannot underwrite alone.

### What is the relationship between BACA and Blackstone's insurance business?

BACA is the SEC-registered investment advisor for credit strategies housed within Blackstone Credit & Insurance (BXCI). BXCI manages assets for institutional investors, the Blackstone Private Credit Fund (BCRED), and insurance liabilities — including those of Resolution Life, in which Blackstone holds a majority stake. The insurance relationship provides BACA with permanent, low-cost capital that expands its lending capacity and reduces liquidity risk relative to typical credit funds.

## Related profiles

- [Tortuga Advisers](https://altss.com/profile/tortuga-advisers-llc)
- [AK Global Asset Management](https://altss.com/profile/ak-global-asset-management-llc)

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Last updated: 2026-06-03T20:00:00.000Z

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