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Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate across the globe.
Blackstone is the world’s largest alternative asset manager, with more than $1 trillion in AUM. We serve institutional and individual investors by building strong businesses that deliver lasting value.
We serve institutional and individual investors by building strong businesses that deliver lasting value. Our scale – with ~12,400 real estate assets and 230+ portfolio companies – enables us to invest in dynamic sectors positioned for long-term growth.
Blackstone has 26 offices across the Americas, Europe and Asia. Find more details in our directory.
- 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
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...
Mar 11, 2021 · (Reuters) - Blackstone Group Inc has signed a deal to expand its presence at its Park Avenue, Manhattan headquarters, the asset manager's landlord the Rudin family said on Thursday.
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Jun 12, 2024 · Blackstone Inc. is finalizing a deal to expand its Manhattan headquarters space in one of the city’s largest office leases in recent years.
