Blackstone facts for kids
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| Master limited partnership | |
| Traded as | NYSE: BX |
| Industry | Financial services |
| Founded | 1985 |
| Founder | Peter George Peterson Stephen A. Schwarzman |
| Headquarters | 345 Park Avenue, , |
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Key people
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Stephen A. Schwarzman (Chairman and CEO) Hamilton E. James (President & COO) J. Tomilson Hill (Vice Chairman) Jonathan D. Gray (Global Head of Real estate) |
| Products | Private equity Investment management Asset management |
| Revenue |  US$ 7.484 billion (2014) |
| US$ 1.584 billion (2014) |
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| AUM | US$ 311 billion (2015) |
| Total assets | US$ 31.510 billion (2014) |
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Number of employees
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2,190 (2014) |
| Subsidiaries | Mphasis Hilton Worldwide The Weather Channel Alight Solutions () |
The Blackstone Group L.P. is a big American company based in New York City. It works in financial services, which means it helps manage money and investments. Blackstone is known for being the world's largest firm that deals with "alternative investments." This includes things like private equity, loans, and hedge fund strategies. As of September 30, 2017, Blackstone managed about $387 billion for its clients.
Contents
What Blackstone Does
Blackstone helps companies grow and makes money for investors. They do this by investing in different types of businesses and properties.
Investing in Companies
Blackstone's private equity team is one of the biggest investors in what are called "leveraged buyouts." This is when they buy a company, often using borrowed money, to help it improve and then sell it later for a profit. They have invested in many well-known companies over the years.
Companies Blackstone Has Invested In
Some of the famous companies Blackstone has invested in include:
- Hilton Worldwide (a big hotel chain)
- Merlin Entertainments Group (which owns attractions like Legoland and Madame Tussauds)
- Performance Food Group (a food service company)
- Republic Services (a waste management company)
- The Weather Channel (a TV channel about weather)
Investing in Real Estate
Blackstone also has a large business that buys and manages real estate. This means they buy commercial buildings, like offices, hotels, and shopping centers. They work to make these properties more valuable.
Blackstone's History
Blackstone was started in 1985 by two people, Peter George Peterson and Stephen A. Schwarzman. They had worked together before at another financial company.
Founding and Growth
When they first started, Blackstone was a small company that helped other businesses with "mergers and acquisitions." This means they helped companies combine with each other or buy other companies. Over time, Blackstone grew into one of the largest private equity investment firms in the world.
Becoming a Public Company
In 2007, Blackstone decided to let regular people buy shares in their company. This is called an "initial public offering" (IPO). They raised $4 billion, becoming one of the first big private equity firms to have its shares traded on a public exchange. This means anyone could buy a piece of Blackstone.
Where Blackstone Is Located
Blackstone's main office is in Manhattan, New York City, at 345 Park Avenue. They also have many other offices around the world.
Blackstone Offices Around the World
Besides their New York City headquarters, Blackstone has offices in:
- London, England
- Paris, France
- Düsseldorf, Germany
- Sydney, Australia
- Tokyo, Japan
- Hong Kong
- Singapore
- Beijing, China
- Shanghai, China
- Madrid, Spain
- Mumbai, India
- Dubai, United Arab Emirates
See also
In Spanish: Blackstone para niños
