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Blackstone Growth Advisors
Blackstone Growth Advisors is the growth equity arm of Blackstone Inc., investing $50M–$500M in late-stage technology and healthcare companies.
Blackstone Growth Advisors
Blackstone Growth Advisors operates as a dedicated growth equity platform within Blackstone Inc., which was founded in 1985 by Stephen Schwarzman and Peter Peterson. The growth unit was formally launched in 2019 to capture later-stage private company opportunities, distinct from the firm's larger buyout, real estate, and credit businesses. The strategy targets high-growth companies with proven business models, typically making minority or majority investments in the $50 million to $500 million range. Sectors of focus include enterprise software, fintech, healthcare services, and life sciences. Notable portfolio companies include the data analytics firm Dataminr, the digital pharmacy Capsule, and the fintech company Betterment. Geographically, the fund invests primarily in North America, with select opportunities in Europe and Asia. Blackstone as a whole managed over $1 trillion in total AUM as of 2025, though the growth equity platform's specific AUM is not separately disclosed. The team comprises investment professionals drawn from across Blackstone's broader private equity group. Philanthropic and operating-company vehicles are housed within the broader Blackstone structure, including the Blackstone Charitable Foundation.
General information
Firm type
Asset Manager
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AUM
Undisclosed
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Frequently asked questions
Who runs investment decisions at Blackstone Growth Advisors?
The growth equity platform is led by a team of senior Blackstone partners, including Jon Korngold, who serves as Head of Blackstone Growth. Investment decisions are made by an investment committee composed of senior Blackstone leadership, including Stephen Schwarzman as CEO and Joseph Baratta as Global Head of Private Equity (per Blackstone's website and public filings).
How does Blackstone Growth source proprietary deal flow?
Blackstone Growth leverages the broader Blackstone network, including relationships with portfolio company executives, industry experts, and the firm's global advisory relationships. It also benefits from proprietary deal sourcing through Blackstone's extensive in-house research and corporate partnerships (per Blackstone's investor materials).
Is Blackstone Growth structured as a separate fund or a division of Blackstone?
Blackstone Growth operates as a dedicated business unit within Blackstone Inc., with its own investment professionals and capital allocated from Blackstone's flagship private equity funds and dedicated growth vehicles. It is not a separate legal entity but a sector-focused team (per Blackstone's SEC filings).
Does Blackstone Growth participate in fund commitments or only direct deals?
Blackstone Growth primarily makes direct minority and majority equity investments in companies. It does not commit to external funds as a limited partner, though Blackstone's broader platform includes fund-of-funds and credit strategies (per Blackstone's annual report).
What investment stages does Blackstone Growth typically target?
The firm focuses on late-stage growth equity investments, typically in Series C through pre-IPO rounds, and selectively pursues early-growth companies with strong revenue traction. Minimum investment size is generally $50 million (per The Wall Street Journal and Blackstone investor presentations).
Which sectors does Blackstone Growth explicitly avoid?
Blackstone Growth avoids early-stage venture capital, early-stage biotech, and highly regulated industries where predictable growth is hard to model. It also generally avoids capital-intensive real assets, which are managed by Blackstone's real estate and infrastructure teams (per Blackstone's strategy documents).
How is Blackstone Growth related to Blackstone's other investing arms?
Blackstone Growth is one of several specialized investing groups within Blackstone Inc., alongside Blackstone Private Equity (buyout), Blackstone Credit, Blackstone Real Estate, and Blackstone Infrastructure. While independent in sourcing, teams share resources and co-invest on select opportunities (per Blackstone's website).
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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