The Blackstone Group

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. As of September 30, 2017 Blackstone has $387 billion under management.

Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last decade, while its real estate business has actively acquired commercial real estate. Since its inception, Blackstone has  invested in such notable companies as Hilton Worldwide, Merlin Entertainments Group, Performance Food 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.. Blackstone has become 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 exchange.Anderson, Jenny. "Blackstone Founders Prepare to Count Their Billions." New York Times, June 12, 2007. 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.

References

Category:1985 establishments in New York (state)
Category:Companies listed on the New York Stock Exchange
Category:Companies based in New York City
Category:American financial companies