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  1. Jul 25, 2024 · Blackstone is the world’s largest alternative asset manager, with more than $1 trillion in AUM. It invests in industry-leading businesses across dynamic sectors, such as real estate and artificial intelligence.

  2. We are proud of Blackstone’s role as a positive economic catalyst for the companies in our Corporate Private Equity portfolio. We work to identify, invest in and enhance the value of great businesses.

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  3. Dec 14, 2015 · Blackstone announces the final close of its latest global private equity fund, BCP VII, with more than 250 limited partners from 40 countries. The fund has $18 billion of equity capital to invest and expects to begin making investments in 2016.

    • Stephen Schwarzman's Early Life and Education
    • The Start of Stephen Schwarzman's Career
    • The Beginning of Blackstone Group
    • Entering The Private Equity World
    • Expanded Business Segments and IPO
    • The Bottom Line
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    Schwarzman says, ‘‘I stopped [studying math] in the eleventh grade. Calculus, for me, was way out of reach. I am more in the add, subtract, divide and multiply category, which worked and still does for me.’’ With no interest in corporate finance, Schwarzman took social science-related courses like psychology and sociology during his time at Yale. W...

    After graduating from Yale in 1969, Schwarzman managed to get a job with an institutional asset management firm called Donaldson, Lufkin & Jenrette (DLJ). At the time, the company had just been listed on the New York Stock Exchange. Now defunct, it was co-founded by Bill Donaldson who also founded the Yale School of Management. Schwarzman developed...

    With a Harvard MBA under his belt in 1972, Schwarzman took on a job at the then-independent investment giant, Lehman Brothers. By the age of 31, he had become the Managing Director of Global Mergers and Acquisitions for Lehman. Following American Express Company’s (AXP) acquisition of Lehman Brothers in 1984, Schwarzman left the firm. He approached...

    Schwarzman successfully raised $800 million in 1987 for Blackstone's first private equity fund, Blackstone Capital Partners I, L.P. Prudential Financial Inc. (PRU), and General Motors Company (GM) were two of the fund's largest investors. The money raised was used to purchase companies using a strategy called leveraged buyouts(LBOs). Private equity...

    Since launching his firm's first private equity fund in 1988, Schwarzman has significantly expanded Blackstone's business segments. The company continues to provide mergers and acquisitions advice as well as private equity fund management. In addition, Blackstone manages several funds of hedge funds and real estate investment partnerships. In 2012,...

    Stephen Schwarzman became a billionaire by managing money for other people. Dissatisfied by the level of transparency offered by the stock market, Schwarzman co-founded The Blackstone Group, a private equity firm, in the mid-1980s. Today, Blackstone is one of the world's largest alternative asset managers. The company collects fees for managing hun...

    Learn about the life and career of Stephen Schwarzman, the billionaire founder and CEO of The Blackstone Group, one of the world's largest alternative asset managers. Find out how he started his investment firm, raised private equity funds, and made deals with CBS, GM, and other companies.

  4. Aug 21, 2023 · Blackstone is the first alternative asset manager to reach $1 trillion in assets under management, thanks to its reputation, scale, and diversification. But it faces challenges from competition, performance, and rising rates in the private markets.

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  5. Sep 17, 2019 · The New York-headquartered firm collected $26 billion for Blackstone Capital Partners VIII, founder Stephen Schwarzman wrote in his memoir What it Takes: Lessons in the Pursuit of Excellence, published in September.

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  7. Oct 20, 2021 · Blackstone Inc. is preparing to raise what could be the industry’s largest buyout fund on record. The firm may seek as much as $30 billion for its next flagship private equity fund, according to...

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