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Blackstone is the main financial sponsor for Transmission Developers Inc. (TDI). TDI plans to develop an innovative power transmission line that will bring safe, secure, affordable and renewable power to New York and New England from the U.S. Canadian border.
Dr. Axel Herberg joins Blackstone as a Senior Managing Director to the firm’s private equity business in Germany, Switzerland and Austria.
GSO/ Blackstone acquired the Collateral Management Agreements for nine CDO and CLO funds from Callidus
Blackstone receives a Single 'A' rating from Standard and Poor's and an ‘A+’ rating from Fitch Ratings.
Blackstone sells senior notes of Blackstone Holdings Finance Co. LLC.
Fundraising for Blackstone Real Estate Partners Europe III (BREP III) closes with € 3.1 billion raised, expanding the firm’s real estate platform in Europe.
Blackstone signs an agreement with the Government of Pudong, China, to establish the firm’s first Renminbi (RMB)-denominated Blackstone Zhonghua Development Investment Fund.
As part of a group of investors, Blackstone acquires BankUnited out of receivership from the Federal Deposit Insurance Corporation, with approximately $8 billion in deposits in over 85 branches in the United States.
GSO Capital Partners is acquired, firmly positioning Blackstone as one of the largest credit-oriented alternative asset managers.
Further strengthening its presence in China, Blackstone opens a representative office in Beijing.
The Blackstone Charitable Foundation is established, funded by the firm’s senior managing directors.
Blackstone completes its IPO, listing on the NYSE. The total offering is $7.6 billion, including a $3 billion investment by the China Investment Company (CIC). At the time, it is the largest IPO of a U.S. based issuer since 2002.
An office is established in Tokyo, strengthening Blackstone’s presence in the Asian markets.
The Park Hill Group, a fund placement business, is established. It has since served as a placement agent for corporate private equity, real estate, venture capital and hedge funds that have raised in excess of $108 billion to date.
Blackstone opens an office Mumbai.
The firm’s expansion continues internationally and domestically, with the opening of offices in Paris, France and Atlanta, Georgia.
Blackstone announces a strategic alliance with Patria-Banco de Negocios to develop corporate financing solutions for the Brazilian market.
The Blackstone Real Estate Partners (BREP) International Fund receives €800 million in commitments, expanding Blackstone’s resources for global real estate investments.
Increasing its proximity to the European hedge fund community, BAAM establishes a presence in Blackstone’s London office.
Blackstone opens its London office, establishing a physical presence after several years of investment activity in the U.K. and Europe.
The Corporate Debt group is formed and commits $1.1 billion to its first mezzanine fund.
Blackstone’s Real Estate group is established; since inception, its 10 real estate funds have raised a total of $29 billion.
The Financial Advisory practice is formed; it has since handled restructuring assignments involving $1 trillion in liabilities.
Blackstone Alternative Asset Management (BAAM) is founded, and evolves into a leading manager of hedge fund solutions, other institutional investment vehicles and publicly-traded closed end mutual funds.
The firm launches Blackstone Capital Partners I, its first private equity fund. To date, the combined Blackstone private equity funds have raised $44.4 billion.
Blackstone is founded by Stephen A. Schwarzman and Peter G. Peterson. They began with a balance sheet of $400,000 and a clear vision of an independent, conflict-free, client-focused firm whose interests would be closely aligned with those of its clients and investors.