# Blackstone Alternative Investment Advisors LLC

Blackstone Alternative Investment Advisors LLC is a Hedge Fund Solutions based in New York, United States.

## Overview

- **Organization type:** Hedge Fund Solutions
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2005
- **Assets under management:** Undisclosed
- **Website:** www.blackstone.com

## Regulatory record

- **CRD number:** 165782
- **SEC file number:** 801-77791
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/165782

## About

BLACKSTONE ALTERNATIVE INVESTMENT ADVISORS LLC is an SEC-registered investment adviser in NEW YORK, NY, registered since 2013. The firm manages approximately $5.4 billion in assets. It has 304 employees and 111 investment advisers.

## Sectors

- Hedge Funds
- Private Credit
- Secondaries & Special Situations
- Infrastructure
- Real Estate

## People

- Stephen A. Schwarzman — Chairman and CEO, Blackstone Group
- Jonathan Pollack — Global Head of Blackstone Alternative Investment Advisors

## Questions

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

Jonathan Pollack serves as Global Head of Blackstone Alternative Investment Advisors, overseeing the unit's allocations across hedge funds and alternative strategies. He reports to Blackstone's broader leadership, including CEO Stephen Schwarzman (public record).

### How does BAIA source proprietary deal flow?

BAIA leverages Blackstone's institutional relationships and advisory network to access fund managers that are often closed to new investors. Its size—operating within the world's largest alternative asset manager—enables it to negotiate side-letter provisions and co-investment rights that smaller allocators cannot (public record).

### Does BAIA participate in fund commitments or only direct deals?

BAIA allocates across both fund commitments and direct co-investments. Its portfolio includes holdings with major hedge funds like Pershing Square and Citadel, as well as direct placements in private credit and secondaries (public record).

### What investment stages does BAIA typically target?

BAIA targets a range of stages across hedge funds, private credit, secondaries, and infrastructure. It does not focus on early-stage venture but rather on established alternative strategies with manager access.

### Which sectors does BAIA explicitly avoid?

BAIA does not publicly disclose exclusion lists. Its mandate focuses on alternative investments broadly, avoiding sectors that conflict with Blackstone's overall risk framework.

### How is BAIA related to Blackstone Group?

BAIA is a wholly owned subsidiary of Blackstone Group, functioning as its hedge fund solutions platform. It serves as a vehicle for institutional clients to access Blackstone's manager relationships and co-investment opportunities.

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

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