Master limited partnership | |
Traded as | : BX |
Industry | Financial services |
Founded | 1985 |
Founder |
Peter George Peterson Stephen A. Schwarzman |
Headquarters | 345 Park Avenue, Manhattan, New York City, New York, United States |
Key people
|
Stephen A. Schwarzman (Chairman and CEO) Hamilton E. James (President & COO) J. Tomilson Hill (Vice Chairman) Jonathan D. Gray (Global Head of Real estate) |
Products |
Private equity Investment management Asset management |
Revenue | US$ 7.484 billion (2014) |
US$ 1.584 billion (2014) | |
AUM | US$ 311 billion (2015) |
Total assets | US$ 31.510 billion (2014) |
Number of employees
|
2,190 (2014) |
Website | www |
The Blackstone Group L.P. is an American multinational private equity, alternative asset management and financial services firm based in New York City. As the largest alternative investment firm in the world, Blackstone specializes in private equity, credit and hedge fund investment strategies.
Blackstone's private equity business has been one of the largest investors in leveraged buyout transactions over the last decade, while its real estate business has actively acquired commercial real estate. Since its inception, Blackstone has completed investments in such notable companies as Hilton Worldwide, Merlin Entertainments Group, Equity Office Properties, Republic Services, AlliedBarton, United Biscuits, Freescale Semiconductor, Vivint, and Travelport.
Blackstone was founded in 1985 as a mergers and acquisitions boutique by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers, Kuhn, Loeb Inc. Over the course of two decades, Blackstone has evolved into one of the world's largest private equity investment firms. In 2007, Blackstone completed a $4 billion initial public offering to become one of the first major private equity firms to list shares in its management company on a public . Blackstone is headquartered at 345 Park Avenue in Manhattan, New York City, with eight additional offices in the United States, as well as offices in London, Paris, Düsseldorf, Sydney, Tokyo, Hong Kong, Singapore, Beijing, Shanghai, Madrid, Mumbai, and Dubai.Hamilton E. James is the current president, chief operating officer (COO) and a member of the board of directors of Blackstone.