Our Private Equity business is one of the world’s largest and most highly respected.  For more than two decades we have worked to identify, invest in and enhance the value of great businesses, large and small. This approach has delivered consistent performance, with net IRR for each of Blackstone’s closed general private equity funds ranking in the top quartile or better.  Fee earning assets under management in Blackstone private equity funds totaled $25.2  billion as of September 30, 2009. 

Since 1987, our funds have invested in 139 separate transactions in a variety of industries and geographies, with a total transaction value of more then $284 billion.  Blackstone’s investment strategy selectively seeks out a diverse range of proprietary transactions in companies of various sizes, including build-ups, growth capital, rescue financings and buyouts.

Helping to drive Blackstone’s value creation efforts is our Portfolio Operations Group, a specialized team that provides our portfolio companies with strategic advice, operational know-how and joint purchasing and cross-selling programs.  The Group has helped drive revenue growth, profit expansion and expense controls across dozens of our portfolio companies.

With substantial uninvested capital, we have a deep pool of resources to invest.  That capital, combined with our exceptional talent, global network and strong relationships, places us in an excellent position to act on the opportunities that lie ahead for the benefit of our investors.