History
Since 1986, Blackstone has become a leading global alternative investment manager and financial advisor and an established global financial brand. Here are several of the milestones in our history.
  • 2013

    Blackstone acquired Strategic Partners, a secondary private fund of funds business, complementing Blackstone’s existing businesses and helping the firm enter new product areas.


    Blackstone opened Singapore office as a regional hub for the firm and all of its businesses in Asia.


    In support of the White House’s “Joining Forces” initiative, the firm committed to hiring 50,000 veterans through its portfolio companies, and hosted its inaugural Veterans Hiring Summit.


    Standard & Poor's Ratings Services raised its issuer credit ratings for Blackstone to A+, as the firm maintained its position as the highest-rated alternative asset manager.


    Blackstone completed equity capital markets activity of nearly $20 billion, including initial public offerings of Hilton, SeaWorld, Pinnacle Foods, Merlin, Extended Stay, and Brixmor.

  • 2012

    Blackstone closes its first dedicated Energy Fund, Blackstone Energy Partners, at $2.5 billion.


    Launched the Tactical Opportunities platform, which allows us to draw upon our exceptional diversity of deal flow and handpick investment opportunities that do not neatly fit any of our other funds.


    Created Invitation Homes, a major effort to purchase, renovate and lease distressed single-family housing, which has invested $3 billion to restore U.S. homes, provide shelter for families and rebuild neighborhoods.

  • 2011

    Blackstone’s portfolio companies grew employment by 4.6% whereas US job growth only grew by 1.1%.


    Blackstone launches its social media platform and is noted as an industry leader in the use of this medium to convey firm news.


    GSO Capital Partners agrees to acquire Harbourmaster Capital in the U.K., to become one of the largest global leveraged loan investors.


    Blackstone completes the first close of its Renminbi (RMB)-denominated fund for equity growth investments in China, the Shanghai Blackstone Equity Investment Partnership (Limited Partnership).

  • 2010

    Blackstone forms partnership with Pátria, Brazil’s leading alternative asset manager, and purchases a 40% stake in the firm, with a goal of jointly expanding business in Brazil and South America.


    Blackstone Charitable Foundation launches entrepreneurship initiative to help young businesses and ignite job creation

  • 2009

    Blackstone receives a Single ‘A’ rating from Standard and Poor's and an ‘A+’ rating from Fitch Ratings.


    Blackstone signs an agreement with the Government of Pudong, China, to establish the firm’s first Renminbi-denominated Blackstone Zhonghua Development Investment Fund.

  • 2008

    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.

  • 2007

    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 was 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.

  • 2005

    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 in Mumbai.

  • 2004

    The firm’s expansion continues internationally and domestically, with the opening of offices in Paris, France and Atlanta, Georgia.


    Blackstone announces a strategic partnership with Pátria-Banco de Negócios to develop corporate financing solutions for the Brazilian market.

  • 2000

    Blackstone opens its London office, establishing a physical presence after several years of investment activity in the U.K. and Europe.

  • 1999

    The Corporate Debt group is formed and commits $1.1 billion to its first mezzanine fund.

  • 1993

    Blackstone becomes the largest independent alternative asset manager.

  • 1992

    Blackstone’s Real Estate group is formed and has since evolved into one of the world’s leading Real Estate investment businesses.

  • 1991

    The Restructuring Advisory practice is formed; it has since handled restructuring assignments involving over $1 trillion in liabilities.

  • 1990

    Blackstone Alternative Asset Management (BAAM) is founded, providing custom-tailored hedge fund solutions.

  • 1987

    The firm launches into alternatives with Blackstone Capital Partners I, its first private equity fund.

  • 1985

    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.

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