# Blackstone Asset Based Finance Advisors LP

Blackstone Asset Based Finance Advisors LP is an Asset Manager based in United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** United States
- **Region:** North America
- **Address:** United States
- **Assets under management:** Undisclosed

## Regulatory record

- **CRD number:** 120934
- **SEC file number:** 801-61467
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-05-28T00:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/120934

## About

BLACKSTONE ASSET BASED FINANCE ADVISORS LP is an SEC-registered investment adviser in NEW YORK, NY, registered since 2002. The firm manages $70.4 billion in assets, with $66.6 billion managed on a discretionary basis. It has 677 employees and 386 investment advisers.

## Sectors

- Private Credit
- Asset-Based Finance
- Infrastructure

## Questions

### Who runs investment decisions at Blackstone Asset Based Finance Advisors LP?

The entity operates within Blackstone's global credit platform, which is led by Gilles Dellaert as Global Head of Credit and Insurance (per Blackstone, 2025). The asset-based finance team report into that structure, with specific leadership drawn from the firm's broader credit origination teams.

### How does Blackstone Asset Based Finance Advisors LP source deal flow?

The group originates loans through dedicated origination teams focused on asset verticals such as transportation, infrastructure, and equipment finance. It also accesses proprietary deal flow from Blackstone's extensive network in private equity and real estate. Blackstone's insurance arm, which manages over $60 billion in assets, provides a stable source of capital for deal commitments.

### What investment stages does Blackstone Asset Based Finance Advisors LP target?

The strategy focuses on originated and purchased asset-based loans, spanning both performing and stressed situations. It targets new origination (greenfield) acquisitions as well as secondary purchases of loan portfolios. The team is indifferent to stage and primarily evaluates for collateral quality and cash flow predictability.

### What are the typical asset types financed by this team?

Confirmed asset classes include aircraft, railcars, shipping containers, data centers, renewable energy infrastructure, and equipment leases. The team also selectively finances receivables pools and royalty streams. The focus is on hard assets or contractual cash flows that provide downside protection (per public filings).

### Does Blackstone Asset Based Finance Advisors LP co-invest alongside external GPs?

Yes, the vehicle co-invests with other Blackstone funds and external sponsors. Blackstone has co-invested with separately managed accounts and has participated in club deals with other private credit managers. The group also originates directly from borrowers without intermediaries.

### How is Blackstone Asset Based Finance Advisors LP related to Blackstone's other credit vehicles?

This vehicle is one of several distinct strategies under Blackstone Credit and Insurance, which includes direct lending (GSO), CLOs, private credit, and insurance-oriented fixed income. Each vehicle has separate investment mandates and performance tracking, though they share a common risk and legal infrastructure.

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

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