Blackstone Group
Headquarters:
345 Park Ave.
New York, NY 10154
Employees: 770
CEO: Stephen Schwarzman
Stock Symbol: BX
Website:
http://www.blackstone.com
Career Site
The Blackstone Group is a leading investment
firm focused on private equity, real estate and alternative investments
like hedge funds, mezzanine funds and closed-end mutual funds.
It also offers corporate advisory and restructuring services.
Blackstone is one of the most respected private equity firms
in the world.
Blackstone specializes in acquiring or
investing in businesses in hopes of a turnaround and bigger sale
in the future.
The firm went public in June on the NY
Stock Exchange and raised $4.1 billion.
For 2007, Blackstone reported revenues
of $3.05 billion and net income of $1.6 billion. Assets managed
by Blackstone have grown 47% over the past year to $102.4 billion.
Blackstone Group was founded in October
1985 when it opened its first small office with a staff of four,
including the two founders Peter Peterson and Stephen Schwarzman
and a balance sheet of $400,000. It has raised more than $32
billion to date.
Blackstone has approximately 335 investment
and advisory professionals, and has offices in New York, Atlanta,
Boston, London, Paris, and Hamburg. The core group of 57 Senior
Managing Directors, most of whom have been at Blackstone for
at least 10 years, includes individuals with extensive prior
careers at leading investment banks, and several who have run
major financial services companies or industrial corporations.
Updated March 10, 2008
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