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The Blackstone Group L.P.
Master limited partnership
Traded as NYSEBX
Industry Financial services
Founded 1985; 36 years ago (1985)
Founder Peter George Peterson
Stephen A. Schwarzman
Headquarters 345 Park Avenue, ,
Key people
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 Increase US$ 7.484 billion (2014)
Increase US$ 1.584 billion (2014)
AUM Increase US$ 311 billion (2015)
Total assets Increase US$ 31.510 billion (2014)
Number of employees
2,190 (2014)
Subsidiaries Mphasis
Hilton Worldwide
The Weather Channel
Alight Solutions ()

The Blackstone Group L.P. is an American multinational private equity, alternative asset management and financial services firm based in New York City. As the largest alternative investment firm in the world, Blackstone specializes in private equity, credit and hedge fund investment strategies. As of September 30, 2017 Blackstone has $387 billion under management.

Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last decade, while its real estate business has actively acquired commercial real estate. Since its inception, Blackstone has invested in such notable companies as Hilton Worldwide, Merlin Entertainments Group, Performance Food Group, Equity Office Properties, Republic Services, AlliedBarton, United Biscuits, Freescale Semiconductor, Vivint, and Travelport.

Blackstone was founded in 1985 as a mergers and acquisitions boutique by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers, Kuhn, Loeb Inc.. Blackstone has become one of the world's largest private equity investment firms. In 2007, Blackstone completed a $4 billion initial public offering to become one of the first major private equity firms to list shares in its management company on a public exchange. Blackstone is headquartered at 345 Park Avenue in Manhattan, New York City, with eight additional offices in the United States, as well as offices in London, Paris, Düsseldorf, Sydney, Tokyo, Hong Kong, Singapore, Beijing, Shanghai, Madrid, Mumbai, and Dubai.

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