Blackstone Blog

  • Nov 05, 2014

    Blackstone Charitable Foundation Hosts First Annual Blackstone LaunchPad Conference and Demo Day

    Last week, the Blackstone Charitable Foundation hosted its first annual Blackstone LaunchPad Conference and Demo Day. Blackstone LaunchPad is a co-curricular, experiential, campus program designed to introduce entrepreneurship as a viable career path and develop entrepreneurial skills and mindsets through individualized coaching, idea and venture creation support.
  • Oct 31, 2014

    Blackstone’s Verdun Perry Delivers Remarks at Morehouse College’s Crown Forum

    Verdun Perry, Co-Head of Strategic Partners at Blackstone, spoke last week to approximately 1,000 students at Morehouse College’s Crown Forum. Mr. Perry received his B.A from Morehouse, where he graduated magna cum laude and was elected Phi Beta Kappa. Lessons shared in his remarks have been excerpted below.
  • Oct 22, 2014

    Blackstone LaunchPad Hosts First Annual Conference and Demo Day

    On October 27th and 28th, Blackstone LaunchPad representatives from across the country will come together in New York for the first annual Blackstone LaunchPad Conference and Demo Day. This event will be the first time that the entire Blackstone LaunchPad network will assemble to share best practices, network, and hear directly from Blackstone and the Foundation. The group will include faculty representatives from all 15 Blackstone LaunchPad university programs, 20 student venture team representatives, distinguished entrepreneurs and members of the Blackstone Community.
  • Oct 17, 2014

    Blackstone Hosts 2nd Annual Veterans Initiative Summit

    On September 22nd and 23rd, Blackstone hosted its Second Annual Veterans Hiring Summit, designed to help hiring executives within corporations share best practices on attracting and recruiting veterans and to assist representatives from the U.S. military and government as they work in coordination with Blackstone portfolio companies.
  • Oct 17, 2014

    Blackstone Employees Volunteer with New York Cares and the Riverside Park Conservancy

    Last weekend 65 Blackstone employees from across the firm volunteered with New York Cares and the Riverside Park Conservancy to help clean-up and revitalize New York’s Riverside Park. Despite the rain, the Blackstone team quickly got to work and exceeded expectation. In total, the team cleared out 5,100 square feet of the park, removed 20 bags of debris, and installed 75 plants.
  • Oct 09, 2014

    Blackstone Ranks #1 Globally in Thomson Reuters Restructuring League Table

    Blackstone recently ranked #1 globally for completed restructurings in Thomson Reuters’ Distressed Debt & Bankruptcy Restructuring Review. During the first three quarters of 2014, Blackstone advised debtors and creditors on the restructuring of over $33 billion of liabilities.
  • Oct 01, 2014

    Blackstone Publishes New “Black” Paper on Illiquidity in Alternative Investments

    Wealthy individual investors are under-allocated to illiquid alternatives, despite the fact that they offer an opportunity to enhance portfolio returns. Why? In this paper, we take a look at the return opportunity in private market alternatives and explore ways to mitigate their perceived investment challenges.
  • Sep 26, 2014

    Blackstone Singapore Treasury Team Receives Adam Smith Award Asia

    Blackstone’s Singapore treasury team recently received Treasury Today’s Adam Smith Award Asia, which “aims to shine the spotlight on corporates that define cutting-edge thinking and drive the industry forward,” for 2014.
  • Sep 25, 2014

    Blackstone Recognized as Top Corporate Fundraiser for LLS Team in Training

    This year, over 90 Blackstone employees participated in Team in Training events to raise money for the Leukemia & Lymphoma Society (“LLS”). Blackstone is pleased to announce that, for the 6th year in a row, the Blackstone Team in Training was recognized as the Top Corporate Fundraising Team, raising $482,000 collectively. Additionally, Blackstone employees Joe Baratta and Glenn Alba both received Top Individual Fundraiser awards for raising $16,254 and $10,053 respectively.
  • Sep 24, 2014

    Blackstone’s Matthew Skurbe Selected for Who’s Who in Treasury & Cash Management

    Matthew Skurbe, Treasurer and Managing Director in Blackstone’s Finance Group, was recently selected for the Global Finance Who’s Who in Treasury & Cash Management 2014. To view the full list, click here.
  • Sep 24, 2014

    Blackstone Analyst Taylor Gilland Featured in The Wall Street Journal

    Taylor Gilland, an analyst at Blackstone Advisory Partners in Boston, was recently featured in a Wall Street Journal article titled “Run a Mile Race, Instead of a Marathon.” The article highlights Taylor’s accomplishments as a runner, including his personal best mile time of 3 minutes and 58 seconds. Read the full article here.
  • Sep 20, 2014

    Blackstone's Tom Hill Inducted into Institutional Investor's Alpha "Hedge Fund Hall of Fame"

    Tom Hill, Vice Chairman of Blackstone and President and Chief Executive Officer of BAAM, was recently inducted into Institutional Investor’s Alpha “Hedge Fund Hall of Fame” in the publication’s Summer 2014 issue. Read the full interview included in the publication here.
  • Sep 15, 2014

    Blackstone’s London Employees Volunteer at the Tower of London

    Last week, 80 employees from Blackstone’s London office participated in the Blackstone Global Volunteer Day at the Tower of London, helping to assemble and plant ceramic poppies as part of a major art installation memorializing the 100th anniversary of World War I.
  • Sep 03, 2014

    Blackstone Tops Vault’s 2015 Banking Employers Rankings for Second Year

    Today, for the second year in a row, Blackstone has been ranked #1 by Vault in its 2015 “Banking Top 50 Survey”. Vault, a leading source of employer rankings, compiles an annual list of the “Best to Work For” firms based on a weighted formula measuring prestige, culture, employee satisfaction, and quality of life issues.
  • Aug 20, 2014

    Blackstone Innovation Grant Recipient Tumml Takes on Urban Problems by Empowering Entrepreneurs

    After meeting at the MIT Sloan School of Management, in 2012 Clara Brenner and Julie Lein founded Tumml, a urban ventures accelerator focused on empowering entrepreneurs to solve the most complex urban challenges. Through their hands-on approach, Tumml provides promising early-stage companies with seed funding, mentorship and professional support services, giving entrepreneurs the resources they need to get their ideas off the ground.
  • Aug 19, 2014

    Blackstone Welcomes 2014 BXWIN Class

    Last week, Blackstone welcomed its BXWIN14 class with Tony James, President and COO, Joan Solotar, Head of External Relations and Strategy, Laura Waitz, Global Head of Human Resources and the BXWIN13 class. BXWIN is an innovative program launched last year to create a critical mass network of incoming professional women across Blackstone.
  • Aug 12, 2014

    Blackstone Portfolio Company Trans Maldivian Airways Announces Zuvana Scholarship Recipients

    Blackstone portfolio company Trans Maldivian Airways recently announced the recipients of their Zuvana Scholarship Program, which awarded scholarships to five Maldivian students to sponsor their training to become pilots. The students were chosen from over 200 applicants.
  • Aug 11, 2014

    Blackstone and Dangote Industries Pledge to Invest $5 Billion in African Energy Infrastructure Projects

    At the U.S.-Africa Business Forum last week, Blackstone and Dangote Industries announced a joint commitment to invest $5 billion over the next five years in energy infrastructure projects across Sub-Saharan Africa.
  • Aug 07, 2014

    Ken Allen's Market Commentary: Perspectives on the Digital Marketing Ecosystem

    It has been tough to be a publicly traded Marketing Technology company of late. The share prices of companies such as Rocket Fuel, Criteo, The Rubicon Project, and Tremor Video have been punished over the past several months, with such stocks down as much as 50% or more from their peaks. This pricing pressure caused recently IPO’d TubeMogul to revise its pricing range downward by 38% (at the mid-point of the range), from $11-$13 to $7-$8, before pricing at $7 (it is currently trading at ~$10). Interestingly, while stock prices in the sector are down, the growth outlook for many companies within it continues to be quite robust, with consensus forward revenue estimates largely unchanged from peak to trough. Along with the decline in stock prices, we have similarly witnessed a significant compression in valuation multiples, with many of the Marketing Technology leaders trading at forward revenue multiples at or below those of the advertising agencies, such as Publicis and WPP, which grow at much lower rates. The table below illustrates these trends.
  • Jul 29, 2014

    Blackstone’s Joan Solotar Interviews Shelly Lazarus on Personal Branding

    At a recent Blackstone Women’s Network Event, Blackstone’s Joan Solotar, Senior Managing Director and Head of External Relations and Strategy, discussed personal branding and career advice with Shelly Lazarus, who served as Chairman and CEO of Ogilvy & Mather and currently sits on Blackstone’s Board of Directors. Click here to read the full article on the Harvard Business Review blog.