Peterson Garrett

Peterson Garrett

Peterson Garrett was established to steward the wealth created by Peter G. Peterson, a former US Secretary of Commerce under President Nixon and co-founder of The Blackstone Group alongside Stephen Schwarzman. Peterson served as Blackstone's chairman from its formation in 1985 until his retirement in 2008, cashing out his majority stake in the firm upon departure. The family office is understood to manage a concentrated portfolio constructed around those liquidity events, operating with the low-profile discipline typical of principals with institutional-grade investment training. The office's investment strategy is anchored in Peterson's own approach: a deep value orientation, a global lens, and a preference for compounders held across cycles. The portfolio is known to span public equities, private equity fund commitments, hedge fund allocations, and select direct investments. Geographic exposure includes North America and developed Europe, with sector weightings historically favoring financials, industrials, and technology. The Peterson Foundation, which was capitalized with a $1 billion commitment in 2008 (per the Foundation's public disclosures), operates as a distinct entity focused on fiscal sustainability, ensuring the family's investment arm remains structurally insulated from its philanthropic mission. Team size is not publicly disclosed, though the office is widely understood to be lean, with investment functions consolidated under a small group of senior professionals supported by external managers and fund partnerships. The office does not market to outside capital and does not maintain a public website or visible recruiting presence. Structurally, Peterson Garrett reflects a late-stage, post-exit family office — one designed for capital preservation rather than wealth creation at scale. Unlike multi-generational dynastic offices that prioritize family employment or operating-company oversight, Peterson Garrett's architecture is that of a principal's investment book, likely governed by a trust structure and advised by a small investment committee, with the primary mandate being intergenerational transfer efficiency and principal protection.