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 $387 billion under management.[5]
| File:The Blackstone Group logo (2).svg | |
| Master limited partnership | |
| Traded as | NYSE: BX |
| Industry | Financial services |
| Founded | 1985 |
| Founder | Peter George Peterson Stephen A. Schwarzman |
| Headquarters | 345 Park Avenue, , |
Key people | Stephen A. Schwarzman (Chairman and CEO) Hamilton E. James (President & COO) J. Tomilson Hill (Vice Chairman) Jonathan D. Gray (Global Head of Real estate) |
| Products | Private equity Investment management Asset management |
| Revenue |  US$ 7.484 billion (2014) |
| US$ 1.584 billion (2014) | |
| AUM | US$ 311 billion (2015)[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 |
| Website | www |
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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]
The Blackstone Group Media
- PeterGeorgePeterson.jpg
Blackstone co-founder Peter Peterson was the former chairman and CEO of Lehman Brothers.
- Blackstone Group logo.png
The Blackstone Group logo in use prior to the firm's rebranding as simply Blackstone
- StephenSchwarzman.jpg
Schwarzman's Blackstone Group completed the first major IPO of a private equity firm in June 2007.
Gulfstream G650ER jet owned by Blackstone
References
- ↑ Lua error in Module:Citation/CS1/Utilities at line 38: bad argument #1 to 'ipairs' (table expected, got nil).
- ↑ Lua error in Module:Citation/CS1/Utilities at line 38: bad argument #1 to 'ipairs' (table expected, got nil).
- ↑ 3.0 3.1 Wiliam Alden (April 18, 2013). Public Offering Values SeaWorld at $2.5 Billion. https://dealbook.nytimes.com/2013/04/18/seaworld-prices-i-p-o-at-top-of-range/. Retrieved April 19, 2013.
- ↑ Lua error in Module:Citation/CS1/Utilities at line 38: bad argument #1 to 'ipairs' (table expected, got nil).
- ↑ GmbH, finanzen.net. "Blackstone Q3 Profit Climbs - Quick Facts". markets.businessinsider.com. http://markets.businessinsider.com/news/stocks/Blackstone-Q3-Profit-Climbs-Quick-Facts-1004896821. Retrieved 2017-11-03.
- ↑ Kim, Soyoung (September 19, 2012). Blackstone buys security firm Vivint for over $2 billion. Reuters. https://www.reuters.com/article/2012/09/19/us-blackstone-acquisition-idUSBRE88I0LF20120919. Retrieved 2013-03-23.
- ↑ Anderson, Jenny. "Blackstone Founders Prepare to Count Their Billions." New York Times, June 12, 2007.
- ↑ Lua error in Module:Citation/CS1/Utilities at line 38: bad argument #1 to 'ipairs' (table expected, got nil).