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,^[3] Blackstone specializes in private equity, credit and hedge fund investment strategies.^[4] As of September 30, 2017 Blackstone has $387 billion under management.^[5]

The Blackstone Group L.P.

Company type	Master limited partnership
Traded as	NYSE: BX
Industry	Financial services
Founded	1985; 40 years ago (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)
Net income	US$ 1.584 billion (2014)
AUM	US$ 311 billion (2015)[1][2]
Total assets	US$ 31.510 billion (2014)
Number of employees	2,190 (2014)
Subsidiaries	Mphasis Hilton Worldwide The Weather Channel Alight Solutions (www.alight.com)
Website	www.blackstone.com

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,^[6] 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.^[3] 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.^[7] 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.^[8]