Blackstone Corporate Private Equity employs a flexible, opportunistic investment approach that is not focused on any single geography, industry, transaction structure or size. The firm has expertise across all aspects of the capital markets including debt, equity, real estate financing, derivatives and commodities. They focus on situations where their investment can facilitate value-creating strategic transformations of businesses. Their transactions may include large public-to-privates, large private transactions, small and medium sized buyouts, distressed investments, rescue financings, platform build-ups, industry consolidations, minority stakes, structured equity, growth equity and start-ups. Blackstone deploys capital globally over the life of a fund and across a variety of investment environments. Most of Blackstone's investments are in the US, Europe, China and India. Blackstone has significant expertise in all major industries. One of Blackstone's signature forms of private equity investing is corporate partnership transactions in which they invest capital alongside a major corporation.Blackstone tends to be a contrarian private equity investor, focusing on out-of-favor, under-appreciated industries. The firm has successfully invested in industries such as rural telephony, oil refining, commodity chemicals, coal and automotive parts, among others, when they were perceived to be out-of-favor with the markets. The firm also seeks to identify developing industry trends, to capitalize on those trends before they become widely appreciated and to pursue opportunities to change the structure and profit potential of specific industry sectors through consolidation.Blackstone also focuses on investments in distressed securities. Through their restructuring and reorganization advisory business and their GSO credit-oriented business, the firm has access to investment opportunities in companies in financial distress that are trading at significant discounts.