The Blackstone Group LP

The Blackstone Group LP

The Blackstone Group LP

Overview
Date Founded

2007

Headquarters

345 Park Avenue, New York, NY, 10154, USA

Type of Company

Public

Employees (Worldwide)

2,361

Industries

Private Equity & Venture Capital
Trusts & Funds
Investment Services & Portfolio Management

Company Description

Blackstone Group LP engages in the provision of investment and fund management services. It operates through the following segments: Private Equity, Real Estate, Hedge Fund Solutions, and Credit. The Private Equity segment consists of flagship corporate private equity funds, Blackstone Capital Partners funds, sector-focused corporate private equity funds, including energy-focused funds, Blackstone Energy Partners funds, and core private equity fund, Blackstone Core Equity Partners. The Real Estate segment includes management of core real estate fund and non-exchange traded restate investment trusts. The Hedge Fund Solutions segment comprises of Blackstone Alternative Asset Management, which manages hedge funds and includes Indian-focused and Asian-focused closed-end mutual funds. The Credit segment includes GSO Capital Partners LP, which manages credit-oriented funds. The company was by founded by Stephen Allen Schwarzman in 1985 and is headquartered in New York, NY.

Contact Data
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Executives & Employees

Chairman, Chief Executive Officer & Co-Founder

President & Chief Operating Officer

Chief Financial Officer & Senior Managing Director

Global Co-Head, Real Estate

General Counsel, Asia Pacific

Managing Director & General Counsel, Real Estate

Chief Operating Officer & General Counsel, Strategic Partners

Chief Legal Office

Principal Accounting Officer

Senior Managing Director & Head, Tactical Opportunities

Board of Directors

Former Chairman, Chief Executive Officer & Co-Founder at The Blackstone Group LP

President & Chief Operating Officer at The Blackstone Group LP

Co-Founder at GSO Capital Partners LP

Co-Founder at FWD.us

Dean Emeritus at Harvard University - Harvard Business School

Chairman at Blackstone Alternative Investment Advisors LLC

Executive Vice Chairman at The Blackstone Group LP

Former Prime Minister of Canada

Former Chief Executive Officer at Ogilvy & Mather

Former Vice Chancellor at University of Oxford

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The Blackstone Group LP
Owners & Shareholders
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MLP Investment Holdings, Inc. is an investment advisor headquartered in New York City. The firm is a subsidiary of the Bear Stearns Companies LLC.

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BMO Asset Management Corp. (BMO AM) actively manages equity, fixed-income, short duration/cash and asset allocation strategies for their clients. The firm employs a variety of security analysis methods in managing client accounts, including fundamental and quantitative (technical) analysis. BMO AM relies on sources of information, such as financial publications, internal and external research, company visits, SEC reports and information from rating services. Investment strategies include both long-term and short-term purchases and option writing. They provide advice regarding the following types of securities: equity securities, debt securities, commercial paper, municipal securities, government securities, mutual funds, ETFs, futures and options contracts, collateralized loans and private placements.

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Bank of America NA, aka U.S. Trust, Bank of America Private Wealth Management, offers investment strategies primarily involving fixed income securities and specialty asset classes. The firm employs an active approach to bond investing, seeking to take advantage of market volatility, sector rotation, and security selection.

Recent Transactions
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The Blackstone Group LP purchases Clarus Ventures LLC

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The Blackstone Group LP purchases Sona BLW Precision Forgings Ltd. from The Sona Group

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The Blackstone Group LP, GridLiance GP LLC purchase Electric Energy, Inc. /161-Kv Transmission Lines from Vistra Energy Corp.

Transaction Clients
Investment Advisor

Advised on Great Plains Energy, Inc. purchases Aquila, Inc.

Investment Advisor

Advised on LIN TV Corp. purchases Emmis Communications Corp. /5 Television Stations from Emmis Communications

Investment Advisor

Advised on General Electric Company, GE Energy Management Services, Inc. purchase Wind Turbine Assets of Enron Wind Corp. from Enron Corporation

Transaction Advisors
Legal Advisor

Advised onBlackstone Corporate Private Equity, Blackstone Real Estate Advisors, The Blackstone Group LP purchase Hilton Hotels Corporation resulting in a new company Park Hotels & Resorts, Inc.

Investment Advisor

Advised onBlackstone Corporate Private Equity, Blackstone Real Estate Advisors, The Blackstone Group LP purchase Hilton Hotels Corporation resulting in a new company Park Hotels & Resorts, Inc.

Investment Advisor

Advised onBlackstone Real Estate Advisors, The Blackstone Group LP purchase Equity Office Properties Trust

Hiring Partner

Advised onBlackstone Corporate Private Equity, Blackstone Real Estate Advisors, The Blackstone Group LP purchase Hilton Hotels Corporation resulting in a new company Park Hotels & Resorts, Inc.

Legal Advisor

Advised onBlackstone Corporate Private Equity, Blackstone Real Estate Advisors, The Blackstone Group LP purchase Hilton Hotels Corporation resulting in a new company Park Hotels & Resorts, Inc.

Legal Advisor

Advised onBlackstone Corporate Private Equity, Blackstone Real Estate Advisors, The Blackstone Group LP purchase Hilton Hotels Corporation resulting in a new company Park Hotels & Resorts, Inc.

Advisors & Consultants
Advisor

Founder at RIT Capital Partners Plc

Senior Advisor

Group Chairman & Chief Executive Officer at Nan Fung International Holdings Ltd.

Legal Advisor

Partner at Mayer Brown LLP

Clients

Blackstone Mortgage Trust, Inc. is a real estate finance company, which engages in originating senior loans collateralized by commercial real estate. Its investment objective is to preserve and protect shareholder capital while producing risk-adjusted returns primarily through dividends generated from current income from its loan portfolio. The company was founded by Samuel Zell, John R. Klopp, and Craig M. Hatkoff in July 1997 and is headquartered in New York, NY.

Targa Resources Corp. provides midstream natural gas and natural gas liquids services. It also provides gathering, storing, and terminaling crude oil and storing, terminaling, and selling refined petroleum products. It operates through the following segments: Gathering and Processing, and Logistics and Marketing. The Gathering and Processing segment includes assets used in the gathering of natural gas produced from oil and gas wells and processing this raw natural gas into merchantable natural gas by extracting NGLs and removing impurities; and assets used for crude oil gathering and terminaling. The Logistics and Marketing segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain value added services such as storing, fractionating, terminaling, transporting and marketing of NGLs and NGL products, including services to LPG exporters; storing and terminaling of refined petroleum products and crude oil and certain natural gas supply and marketing activities in support of its other businesses. The company was founded on October 27, 2005 and is headquartered in Houston, TX.

Hilton Grand Vacations, Inc. is a timeshare company, which engages in marketing and selling of vacation ownership intervals, as well as the management of resorts in urban destinations. It operates through the Real Estate Sales and Financing, and Resort Operations and Club Management segments. The Real Estate Sales and Financing segment refers to the sale of vacation ownership intervals on behalf of third-party developers using the Hilton Grand Vacations brand in exchange for sales, marketing and brand fees, and the financing solutions. The Resort Operations and Club Management segment manages the club, receives activation fees, annual dues and transaction fees from member exchanges for other vacation products. The company was founded on May 2, 2016 and is headquartered in Orlando, FL.

Key Stats and Financials As of 2017
Market Capitalization
$21.7B
Total Enterprise Value
$39.4B
Earnings Per Share
$2.21
Revenue
$7.24B
Net Profit
$1.47B
EBITDA
$3.81B
EBITDAMargin
52.55%
Total Debt
$14.9B
Total Equity
$13.7B
Enterprise Value Sales
5.45x
Enterprise Value EBITDAOperating
10.36x
TEVNet Income
26.81x
Debt TEV
0.38x
Three Year Compounded Annual Growth Rate Of Revenue
-1.67%
Five Year Compounded Annual Growth Rate Of Revenue
14.01%
Investments
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ShearShare, Inc. develops a mobile application that connects salons, spas and barbershop owners to individual cosmetologists and barbers. It platform allows salon and barbershop owners to rent their excess suites and booths to licensed cosmetologists and barbers on demand. The company was founded by Tye Caldwell and Courtney Caldwell in September 2016 and is headquartered in Mckinney, TX.

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Future Finance Loan Corp Ltd. provides students loans for higher education in the UK and abroad. It loans can be used to pay for tuition fees and living expenses for undergraduate and postgraduate study. The company was founded in 2013 by Brian Norton and Adam Navroz and is headquartered in Dublin, Ireland.

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The Ozone Group operates as a real estate development company. It specializes in residential condominiums, row houses, villas, serviced apartments, hotels, resorts, spas, business parks, SEZs, integrated townships and retail malls. The company is headquartered in Bangalore, India.

Investors
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Executive Chairman at VBHC Value Homes Pvt Ltd.

Suppliers
ISG plc Engineering, Construction & Architecture | London, GL

ISG Plc provides construction, fitting out and refurbishment services. Its service lines include: Fit out, Technology, Construction & Development. The firm's portfolio of projects include: the construction and upgrade of data centers, laboratories, clean rooms and processing facilities as well as the renewal of critical infrastructure, such as boilers and chillers. It also engages in the delivering sustainable initiatives including solar devices and other energy-efficient solutions. The firm provides independent commissioning management and associated services to all industries reliant on mechanical and electrical building services systems for business operations. The company was founded in 1989 and is headquartered in London, the United Kingdom.

DXC United Pty Ltd. IT Consulting & Services | Melbourne, VI

DXC United Pty Ltd. provides business services and solutions in the areas of information, communication, and technology. It offers advisory, consulting, application management, information technology infrastructure, and health ICT services. The company was founded on September 13, 2002 and is headquartered in Melbourne, Australia.

CBRE Group, Inc. Real Estate | Los Angeles, CA

CBRE Group, Inc. engages in the provision of commercial real estate and investment services. It operates through the following segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services. The Americas segment comprises of operations throughout the United States and Canada as well as markets in Latin America. The EMEA segment offers residential property services. The Asia Pacific segment includes real estate services to corporations. The Global Investment Management segment is involved in investment management services to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and institutional investors. The Development Services segment consists of development services to users of and investors in commercial real estate. The company was founded by Colbert Coldwell in 1906 and is headquartered in Los Angeles, CA.

Awards & Honors
Rank #536
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #101
2010
Financial Advisor Magazine - Top RIA Survey