If you are an investor who is updated with different investments, then the name Blackstone might ring a bell. Likewise, you might have also heard the name Stephen Schwarzman, one of the great minds behind Blackstone Inc.
But what does Blackstone really do, and how did it become one of many companies and investors’ most trusted asset management firms? Read on and let’s find out what makes Blackstone today.
What does Blackstone Inc. do?
Blackstone is an alternative asset management firm based in New York City. It engages in investment and fund management services that focus on long-term views. But the best thing about Blackstone is its drive for excellence. In fact, its goal is to help develop the next generation by investing in companies that could shape the modern global economy. It supports resilient businesses that can lead to better returns and stronger communities, accelerating their growth.
Okay, that might be too much information to take in, so let’s make it easy to understand what Blackstone really does.
General Information
| Headquarters: | 345 Park Avenue New York, NY 10154 U.S. |
| Zip code: | 92630 |
| Traded as: | NYSE: BX |
| Industry: | Financial services |
| Founded: | 1985 |
| Products: | Private equity & alternative investment management |
| Website: | blackstone.com |
| Business data: | Google Finance / Yahoo! Finance / SEC filings |
What does Blackstone Inc. do?
Blackstone is an alternative asset management firm based in New York City. It engages in investment and fund management services that focus on long-term views. But the best thing about Blackstone is its drive for excellence. In fact, its goal is to help develop the next generation by investing in companies that could shape the modern global economy. It supports resilient businesses that can lead to better returns and stronger communities, accelerating their growth.
Okay, that might be too much information to take in, so let’s make it easy to understand what Blackstone really does.
First, Blackstone provides financial security.
Just like any other company that involves in investment and fund management services, Blackstone provides financial security to its investors. In fact, this goal includes retirement systems for pensioners like teachers and firefighters. Blackstone designs funds that can preserve and grow capital across broad market cycles. How cool is that? But that’s not all…
Second, Blackstone invests in the global market.
We are now living in a very global economy. Blackstone invests globally with a wide range of asset classes such as:
- private equity
- real estate
- public debt and equity
- growth equity
- real assets
Blackstone believes that by investing in the global market, it can leverage to make better decisions and mitigate risks. Yes, you read it right. It doesn’t stay only in the U.S. but also around the world. That’s how vast its reach is to the people and companies. And for the record, it’s constantly expanding!
Lastly, Blackstone strives to make a positive impact.
Blackstone’s goal is to foster innovative ideas, promote healthy economies, and enable social progress across the globe. Thus, with these long-term plans, it will drive economic growth, solving company problems with the help of remarkable people and flexible capital. Awesome, right? Their goal is for everyone to attain success. Of course, with sustainable growth in mind.
Blackstone’s success is driven by the culture.
This is the best way to put it – it’s the culture that made Blackstone reach their goal.
Blackstone has different offices across the globe: America, Europe, and Asia. Despite the far places and barriers to culture, these didn’t stop Blackstone to create value that supports the same mission. Believe it or not, it’s the diversity of Blackstone that made them globally known and successful.
So, how do they do it?
Every week, the members of each business gather together to talk about investments – the potential, current, and what they are hearing and seeing around the world. They do this so that they could benefit from the collective wisdom and experience of the group.
We all know that we are now living in a very global economy. Hence, with that step, Blackstone has entered the global market. But of course, the firm doesn’t stop there. As a matter of fact, Blackstone is also leveraging its investing business to make better decisions and mitigate risks.
The most important thing that they focus on is to help develop the next generation by creating value in terms of years. They have practiced the art of long view with a collective approach that generates high value for clients.
Blackstone helps emerging leaders shape the future.
To develop the next generation, Blackstone believes that the key is with the leaders – building and empowering leaders to be global champions.
How Blackstone would do that? By investing in the companies that have the same agenda as them: molding the future into a sustainable place for the next generation.
Blackstone has always been leveraging its platform into world-class. Its geographic and strategic resources have become so competitive that other firms in the same industry cannot able to match. Its experienced growth equity investors offer companies insights and operational capabilities. Other than that, Blackstone also provides opportunities that cover powering growth and accelerating revenue.
Moreover, Blackstone helps companies to scale efficiently. It equips the companies with essential tools and directions on how they could expand quickly while they lessen operational tensions. Blackstone also has more than a hundred senior operating professionals and advisors who could surely help the companies:
- create and improve pattern recognition
- increase global footprints
- chase growth opportunities
Impressive, right?
That’s the way how Blackstone creates leaders into global champions. They help to pave the way so that the leaders could reach the end state through operational excellence. Its large team of partners and very well-curated portfolio allow Blackstone to be a better partner of any rising companies, especially in times of navigating risks.
Blackstone’s strategic partnership makes the firm the leading global investor in the alternative asset secondary market.
This is essentially true. For the record, Blackstone has $63B in Assets Under Management and approximately 4,900 Limited Partnerships acquired. Numbers don’t lie. Hence, with these figures, you can somehow recognize that the firm offers liquidity to investors globally, and provides a diversified approach.
Where is Blackstone Inc. headquarters located?
Blackstone Group headquarters is located in New York. Specifically, its address is 345 Park Avenue, New York, NY 10154. The office space has approximately 575,000 square feet. You can contact them at +1 (212) 583-5000.
Other than the main headquarter, Blackstone also has another office in New York, situated exactly at 601 Lexington Avenue, New York, NY 10022. The office space is more than 300,000 square feet. The contact number is +1 (212) 583-5000. You can also give them a call their other phone number at +1 (212) 503-2100.
At present, it has a total of 26 offices located across Europe, America, and Asia.
Does Blackstone have a Boston office?
As Blackstone continues to be a private equity giant, its presence is felt by many in several parts of the U.S. In fact, it considers expanding even more to make room for its growing workforce.
Today, most of its offices are located in New York and Cambridge. In the list of Blackstone offices, Boston is not included. However, Blackstone saw the potential in Boston and Cambridge with massive growth in the life sciences sector. In case you need to visit or call the office, you can always reach out to the Cambridge office.
Address: 101 Main Street Suite 1210 Cambridge, MA 02142
Contact Number: +1 (617) 949-2200
Does Blackstone have a Dallas office?
As of today, Blackstone doesn’t have an office in Dallas, Texas. But it has an office space in Houston. You can visit or call the Houston office if you are closer to or within Texas.
Address: 1111 Bagby Street Suite 2050 Houston, TX 77002
Contact Number: +1 (713) 358-1400
Does Blackstone have an office in Canada?
Currently, Blackstone is extending its presence in Canada. But don’t worry! It probably won’t take too long. It will soon open its office in Toronto to drive growth and investments in the Canadian real estate markets.
How do I contact Blackstone Inc.’s corporate office?
The Blackstone Group headquarter is at 345 Park Avenue, New York. You can contact the office either at +1 (212) 583-5000 or +1 (212) 503-2100.
Blackstone Inc. Short History
Founded in 1985 by Peter G. Peterson and Stephen Schwarzman, Blackstone started with a seed capital of $400,000. The name Blackstone came from the founders themselves: Schwarz is German for black, and Peter in Greek means stone or rock. Together, Peter and Stephen had worked at Lehman Brothers before they began building Blackstone.
Originally, the founders formed the firm as a mergers and acquisitions advisory business. In the same year of their founding, they had difficulty in raising their first fund as they had never experienced leading a leveraged buyout. But after the 1987 stock market crash, they finally made fundraising for its first private equity fund. It was also during this year that Blackstone collected $3.5 million in fees by giving advisory services on the merger of E. F. Hutton & Co. and Shearson Lehman Brothers.
Blackstone continued to progress. They also entered a 50:50 partnership with Larry Fink and Ralph Schlosstein. After two years, Peter and Stephen pursued a merchant banking model. They realized that many situations needed an investment partner rather than an advisor. So, with this leap in their business model, Blackstone gained the trust of Nikko Securities, Prudential Insurance Company, and General Motors.
Later on, Blackstone grew rapidly, launching its hedge funds business. In 1991, it also entered real estate investments, creating its Europe unit by acquiring a series of hotel businesses. Throughout these years until the 2000s, Blackstone was constantly active in real estate and corporate investment. It was in 2005-2007 when Blackstone made its largest leveraged buyouts.
In 2007, Blackstone made its initial public offering, driving it finally to be a public company. As of today, the firm continues its operations, primarily with private equity, real estate, hedge funds, and credit.
Blackstone Inc. Product and Services
Blackstone has been making a great impact on various industries – no wonder it’s constantly thriving to excellence. Of course, they won’t reach this far without its remarkable products and services:
Real Estate
- BREIT or Blackstone Real Estate Income Trust
- BXMT or Blackstone Mortgage Trust
- BREIF or Blackstone Real Estate Income Fund
- BREIF II or Blackstone Real Estate Income Fund II
Credit
- Business Development Companies
- BCRED or Blackstone Private Credit Fund
- BXSL or Blackstone Secured Lending Fund
- UCITS Funds
- Systematic Strategies
- Closed End Funds
- BSL or Blackstone Senior Floating Rate Term Fund
- BGX or Blackstone Long-Short Credit Income Fund
- BGB or Blackstone Strategic Credit Fund
- Interval Fund
- BGFLX or Blackstone Floating Rate Enhanced Income Fund
- Exchange-Traded Fund
- SRLN or SPDR Blackstone Senior Loan ETF
- HYBL or SPDR Blackstone High Income ETF
- LSE Listed Funds
- BGLF:LN or Blackstone Loan Financing Limited
Hedge Fund Solutions (BAAM) Funds
- Mutual Funds
- Blackstone Alternative Investment Funds
- BXMIX
- BXMDX
- BXMYX
- Blackstone Alternative Investment Funds
- UCITS Funds
- BXDMS or Blackstone Diversified Multi-Strategy Fund
Insurance Solutions
To help insurers meet their financial goals, Blackstone provides access to a diverse pool of investment solutions:
- Capital Solutions
- Asset Allocation
- Quantitative Strategy
Blackstone Life Sciences (BXLS)
Blackstone also partners with pharmaceutical, biotech, and medical technology firms to improve the quality of life across the globe:
- Pfizer Partnership
- Anthos Therapeutics, Inc.
- Alnylam
Blackstone Inc. CEO and Key Executive Team
Curious who are the great minds behind Blackstone? Here is the list of the top 5 leaders who make up the entire team:
| Name | Designation |
| Stephen A. Schwarzman | Chairman, CEO, and Co-Founder of Blackstone |
| Jonathan Gray | President & Chief Operating Officer |
| Michael Chae | Chief Financial Officer |
| John G. Finley | Chief Legal Officer |
| Christine Anderson | Global Head of External Relations |
| Source: ir.blackstone.com, blackstone.com | |
FAQs
How many locations does Blackstone have?
As of today, records show that Blackstone has a total of 26 offices across America, Asia, and Europe. But it is continuously expanding its workforce around the world. As a matter of fact, the Blackstone Toronto office in Canada will also soon operate to serve the public with its alternative investment categories.
What type of company is Blackstone?
Blackstone is an alternative asset management firm. It helps investors by managing their assets in unconventional investment categories. It includes:
- Private equity or venture capital
- Hedge funds
- Managed futures
- Derivative contracts
- Commodities
Executive Summary
Building a successful and flexible business always starts with the right investment. Blackstone’s goal is to provide not only advisory services that will solve investment issues but also a partnership that has long-term views that can lead to better returns. Blackstone, an asset management firm founded by Stephen Schwarzman and Peter Peterson, has made that real.
With all the highs and lows that Blackstone went through all the years since it began, it has proven its value in the industry. In fact, they are now one of the ten largest alternative asset firms in the world with the $155B of inflows in the fourth quarter of 2021 alone. Moreover, Blackstone has been focusing now on sustainable investments that make energy transition prospects, as it expands its offices around the world.
