Blackstone Blog
 
22

Dec

2015

Last week, Tony James, President and Chief Operating Officer of Blackstone, presented the 2015 Peter G. Peterson Award to Manhao Tang, a second year Analyst in Blackstone’s Real Estate Debt Strategies group in the London office.
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16

Dec

2015

For the third year in a row, Blackstone was named a “Best Place to Work” in the alternatives category by Pensions & Investments, the international newspaper of money management, which ranks U.S.-based asset managers on the results of employer and employee surveys.
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11

Dec

2015

In addition to our U.S.-based volunteer days, each year Blackstone employees worldwide give back to their local communities through Blackstone’s Global Volunteer Days. This year, 191 employees from Blackstone’s offices in Hong Kong, London, Mexico City, Mumbai, Singapore and Tokyo volunteered a combined 662 hours with six outstanding organizations.
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01

Dec

2015

This month, Blackstone held its sixth hospitality sustainability Summit, the Blackstone Summit on Water Efficiency and the California Drought, to empower its companies and other industry leaders to take action to address the “Drought State of Emergency” in California.

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23

Nov

2015

Investors are increasingly looking to alternative investments, particularly during times of heightened market volatility. This paper explores how alternatives can help individual investors meet specific goals and complement traditional strategies. 
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11

Nov

2015

In the second-ever episode of Bloomberg TV’s Betty Liu’s new podcast, Betty interviews Blackstone’s Chairman, CEO, and Co-Founder Steve Schwarzman on lessons from a lifetime in business. 

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11

Nov

2015

In April 2013, we committed to hire 50,000 American veterans across our portfolio of more than 80 companies over five years. Today, only two and a half years later, we’ve hired 29,000 veterans, meaning we are well on our way to meeting that goal.
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05

Nov

2015

Last month, funds managed by Blackstone's Core+ real estate unit announced a $5.3 billion investment in Stuyvesant Town and Peter Cooper Village in New York City, the largest rental apartment complex in the United States, encompassing 11,241 units in 56 buildings on 80 acres in Manhattan’s East Village. This property is truly unique and maintains a storied place in New York City’s history. Constructed in the 1940s to provide middle class housing in the City for teachers, firefighters, nurses and police officers, the complex fell on hard times through a series of ownership changes. Blackstone stepped in and reached a historic agreement with Mayor de Blasio and the City of New York to preserve the community’s heritage of affordability by saving 5,000 affordable units. Watch our new video to learn more: 
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04

Nov

2015

Last week, POLITICO Magazine published an op-ed written by Tony James, Blackstone’s President and Chief Operating Officer, on how raising the minimum wage fuels demand. Please click here to read the full op-ed.
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22

Oct

2015

We are proud to announce that Blackstone’s Strategic Partners has been voted “Secondaries Firm of the Year” and “Best Secondary Fund: Global Private Equity Secondaries Fund” by Wealth & Finance International for 2015. Please click here to read the Wealth & Finance International 2015 Fund Awards edition. 
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05

Oct

2015

Blackstone's Jon Gray recently appeared on Fox Business News's Risk & Reward with Deirdre Bolton on Fox Business News. 
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01

Oct

2015

Last weekend, 64 Blackstone employees, representing every business group across the firm, competed in the Team in Training (TNT) Hamptons Half Marathon to raise money for The Leukemia & Lymphoma Society (LLS), an organization that aims to cure leukemia, lymphoma, Hodgkin's disease and myeloma, and improve the quality of life of patients and their families. 
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21

Sep

2015

This summer, nearly 700 Blackstone employees from across the New York office braved the heat, sun and occasional rain to volunteer over 2,100 hours with 17 non-profits through the Blackstone Connects program.  Blackstone Connects, which was started in 2010 by the Blackstone Charitable Foundation, provides meaningful opportunities for Blackstone employees to volunteer in the communities in which they work and live. Blackstone Connects will continue this fall with our global volunteer days which will take place at our offices around the world.
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18

Sep

2015

Blackstone voted #1 Real Estate Global Investment Manager in Euromoney Magazine’s 11th Annual Real Estate Survey. Blackstone was also named the top Real Estate Investment Manager in the Asia, Italy, Japan, Spain, Turkey & Western Europe categories. 
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15

Sep

2015

Blackstone’s Chairman, CEO, and Co-Founder Stephen A. Schwarzman recently spoke at Columbia Business School as part of the Silfen Leadership Series. Please find ten tweets from the event highlighting Steve’s personal take on leadership below.
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09

Sep

2015

Today, for the third year in a row, Blackstone has been named #1 “Best Place to Work” in the banking industry by Vault in its 2016 “Banking 50.” Vault, a leading source of employer rankings and a go-to website for prospective employees looking for careers in financial services, compiles an annual list of the “Best to Work For” firms based on a weighted formula measuring quality of life issues and overall prestige. Additionally, in the very first year the Vault survey has extended to include technology functions, Blackstone ranked as one of the top five “Best Banking Firms for Technology Professionals.”
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07

Aug

2015

Blackstone would like to thank its 2015 class of summer analysts and associates. The summer interns were hired at our offices around the globe and were represented in all of the major business groups including the investment, advisory, and corporate groups. The class hailed from 51 different schools, spoke 26 languages, and included many high school Valedictorians and college athletes.
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31

Jul

2015

This month, the Blackstone Entrepreneurs Network (BEN) in Colorado, which founded in Spring 2014 and hosted by Silicon Flatirons Center at the University of Colorado, released its first annual impact report.

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28

Jul

2015

Each quarter, a meeting is held between Chief Sustainability Officers from 25 federal agencies tasked with planning sustainability initiatives for the next decade. 
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13

Jul

2015

Last week, 150 Blackstone employees participated in a kids safety seminar, focusing on how to prevent and respond to emergency situations.

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07

Jul

2015

On June 26th, the inaugural class of 56 scholars graduated from Eagle Academy at Ocean Hill. Over the past 7 years, since the founding of the program, the Blackstone Charitable Foundation has fostered a strong relationship with Eagle Academy faculty, staff, and students. In honor of the Class of 2015, the Blackstone Charitable Foundation will donate $20,015 to be used for technological upgrades on campus.
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06

Jul

2015

Blackstone would like to welcome the 2015 Analyst class! The newly hired class hails from 14 countries and 19 states, speaks 23 different languages, and represents over 40 different schools.
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30

Jun

2015

“In our lives and as a family, our highest return on investment has been in charitable activities,” says Blackstone’s Global Head of Real Estate Jon Gray in JPMorgan’s June 2015 issue of Philanthropic Lives, which lauds Jon and Mindy Gray for their personal philanthropic efforts. 
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26

Jun

2015

Earlier this month, Robert McMullan, a Senior Managing Director in Blackstone’s Investor Relations and Business Development Group, and Tony Tolentino, Vice President of the Blackstone Charitable Foundation, traveled to Nashville, Tennessee to participate in Launch Tennessee’s 36|86 Conference.

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24

Jun

2015

This weekend, over 200,000 people descended on Hong Kong’s Stanley Beach to watch 30,000 paddlers, comprising 200+ teams, battle it out for the 2015 Hong Kong Dragon Boat Championship. This race is part of Hong Kong’s broader Dragon Boat Festival which occurs on the 5th day of the 5th lunar month. Dragon Boats are 46-feet-long with 20 seats, which are filled by 2 side by side rowers on each. The front seat in the boat holds a drummer who sets the pace and rhythm for the rowers, and a steerer guides the boat from the stern.
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22

Jun

2015

In its recently released Q2 issue, Directors & Boards magazine published “How CEOs succeed: ‘Think Big, Start Small, Move Fast’” by Sandy Ogg, an Operating Partner in Blackstone’s private equity business, on how board members can use the forces of mobilization to ensure their CEO creates real value. 
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18

Jun

2015

For the 10th year in a row, Blackstone joined City Harvest to combat hunger in New York City, raising a total of $155,074 for the “Skip Lunch Fight Hunger” campaign this year.  For the 4th year, Blackstone ranked #1 among over 200 teams who participated in the City Harvest campaign. Over the past five years, with the support of the Blackstone Charitable Foundation, Blackstone has raised a total of $496,065.
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18

Jun

2015

On Saturday, 11 Blackstone women participated in Moms In Training, a 10K in Central Park supported by Team in Training to raise money for The Leukemia & Lymphoma Society, an organization that aims to cure leukemia, lymphoma, Hodgkin's disease and myeloma, and improve the quality of life of patients and their families. The Blackstone team was again recognized as the #1 fundraising team for the event. The broader Moms in Training group has so far raised $469,000 of their $500,000 goal for the race.
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15

Jun

2015

Last Friday, Blackstone’s Chairman, CEO, and Co-Founder Steve Schwarzman hosted 10 elite track and field athletes and members of the USATF staff and Board for lunch at the firm. Joined by 15 Blackstone employees from across the firm, the group discussed the athlete’s hopes for the Rio Olympics and their careers thus far. The group included three USATF Schwarzman Grantees, including 2x Olympic gold medalist DeeDee Trotter. To read the full press release highlighting Steve’s support of the USATF, please click here
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15

Jun

2015

Last weekend, 36 Blackstone employees participated in the 24th Annual Team in Training 100 mile America’s Most Beautiful Bike Ride in Lake Tahoe to raise money for LLS, an organization that aims to cure leukemia, lymphoma, Hodgkin's disease and myeloma, and improve the quality of life of patients and their families.

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10

Jun

2015

This morning, the Wall Street Journal editorial page published an op-ed written by Blackstone’s Chairman, CEO, and Co-Founder on the effect of post-crisis capital, liquidity and trading rules on the availability of credit and liquidity. To read the full Op-Ed, "How the Next Financial Crisis Will Happen," please click here
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08

Jun

2015

Last week, 128 employees from across the firm competed in the 39th annual J.P. Morgan Corporate Challenge. 30,000 runners from 717 companies raced 3.2 miles in support of the Central Park Conservancy. One Blackstone employee finished in the top 50 and 26 finished in the top 5,000 out of the 30,000 runners 
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04

Jun

2015

Park Hill’s Curt Gallagher was recently selected by Institutional Investor as one of their “30 Hedge Fund Rising Stars” for 2015.This list is compiled with the help of Industry Investor’s readers and industry participants to recognize the “brightest up-and-coming professionals in hedge funds.”

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22

May

2015

This week, Blackstone’s London office hosted a workshop with MyBnk, a 2015 Blackstone Innovation Grant recipient, to provide venture creation support to 11 young people from The Princes Trust Programme. Eight Blackstone employees served as mentors to help the students develop their enterprises by helping them to determine their price points, profit margins, bulk deals and marketing techniques. The young people also presented their overall concept for selling to the Blackstone boardroom. The following day the students came together to sell their products at a London market place, with all profits going to community projects. 
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11

May

2015

Blackstone Chairman, CEO, and Co-Founder, Stephen A. Schwarzman highlighted today by The New York Times for a $150 million personal gift to his alma mater, Yale University, to create a world-class, state-of-the-art campus center by renovating the historic Commons and Memorial Hall. 
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06

May

2015

Last week, Blackstone held its second annual Industrial Energy Summit, a summit that brings together companies from across Blackstone’s portfolio to share best practices, techniques and tools with the goal of improving energy performance and reducing costs. This year, the summit was hosted at Blackstone portfolio company Gates Corporation in Elizabethtown, Kentucky. Six other Blackstone portfolio companies were also in attendance, including Service King Collision Repairs Centers, PGI Specialty Repairs, Performance Food Group, Catalent Pharma Solutions, Utility One Source, and Acushnet Company. The companies came together to focus on energy challenges that transcend sector, and to apply their proven solutions across the portfolio.
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06

May

2015

Last weekend, 98 Blackstone employees from across the firm volunteered with New York Cares  to help clean-up and revitalize New York’s Riverside Park. Together, the Blackstone team beautified a half an acre of the park, filling 5 truckloads with woody debris and planting 110 Sumac plants.


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28

Apr

2015

This month, Blackstone hosted the 2015 Future Women Leader’s Program for undergraduate women at our New York and London offices. This marks the 3rd class of Future Women Leaders in New York and the inaugural class in London. 

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27

Apr

2015

Last fall, the firm launched the Blackstone Working Parents Network, a wellbeing initiative being piloted at Blackstone’s London office. The goal of this program is to support Blackstone parents as they balance their family lives with fulfilling careers.
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23

Apr

2015

As reported today in the Wall Street Journal, Blackstone is proud to announce that the firm’s maternity leave has been extended to 16 weeks in support of the many exceptional women at the firm and those we hope to attract. 
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10

Apr

2015

Last week, Blackstone portfolio company Center Parcs announced plans to develop a €200 million holiday village on a 375-acre site in Ireland. The project, expected to open in 2019, will create 750 jobs during construction followed 1,000 permanent jobs, and is estimated to contribute €32 million annually to Irish GDP once operational. To read the full press release, please click here.
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02

Apr

2015

Blackstone’s Sean Klimczak has been named a member of the 2015 class of the World Economic Forum’s Young Global Leaders. This group is selected from around the world and from all sectors of society in recognition of their outstanding leadership, through which they have demonstrated their commitment to improving the state of the world. (more...)
19

Mar

2015

Blackstone’s Chairman, CEO, and Co-Founder Steve Schwarzman recently visited his alma mater, Harvard Business School, to speak with a group of 60 HBS women and participate in an interview with Professor Josh Lerner as part of the 21st annual Venture Capital & Private Equity conference. (more...)
18

Mar

2015

Last week, Blackstone was proud to receive the “Best Alternative Asset Manager” award at the Family Wealth Report awards ceremony. (more...)
17

Mar

2015

At Blackstone, we take the long view. It is vital to who we are and how we deliver market-leading performance. This long-term perspective is so ingrained in our culture that we singled it out in our initial public offering prospectus. 
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04

Mar

2015

Blackstone’s Future Women Leaders Program is a unique 1.5 day experience among financial firms, giving current sophomore women (graduating in 2017) early exposure to finance and business through interactive information seminars, networking, and skill-building sessions.
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20

Feb

2015

Since September 2014, seven Blackstone employees, all members of BX WIN, have volunteered as one-on-one mentors for 11th grade students through SEO Scholars. SEO Scholars is an eight-year academic program that gets low-income public high school students to and through college, with a 95% college graduation rate.
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19

Feb

2015

Blackstone’s Joan Solotar, Head of External Relations and Strategy, was recently interviewed by the Australian Financial Review.
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15

Jan

2015

Every January for the past 30 years, Byron Wien has published his “Ten Surprises” for the coming year – ten events that the average investor would only assign a one out of three chance of taking place, but which Byron believes is “probable,” having a better than 50% likelihood of happening. (more...)
23

Dec

2014

The 2014 recipient of the Peter G. Peterson Award for Excellence in Business and Community Service is Kyle Negrete, an Analyst at GSO. The Peterson Award honors the many contributions of Blackstone’s Co-Founder, Peter G. Peterson, and is given annually to an employee who has shown a deep commitment to excellence inside and outside the firm. Recipients are nominated by their peers and chosen by Blackstone’s Executive Committee.
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22

Dec

2014

The Oil Council, the world’s largest network of oil and gas executives, recently named Blackstone “Private Equity Firm of the Year.”
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17

Dec

2014

In 2014, Blackstone employees worldwide gave back to their local communities through Blackstone’s Global Volunteer Days organized around the world. Over the course of the year, more than 1,100 Blackstone employees from eight of our offices participated in volunteer events, donating a total of 3,963 hours to various organizations.
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12

Dec

2014

More than 40 employees from across business groups at Blackstone recently participated in the Movember Foundation’s annual campaign. (more...)
11

Dec

2014

Amy Stursberg, Executive Director of the Blackstone Charitable Foundation, recently attended the first organizational meeting of the 2014-2016 National Advisory Committee on Innovation and Entrepreneurship, on which she was selected to serve. (more...)
09

Dec

2014

For the second year in a row, Blackstone was the only firm to win multiple awards at the American Financial Technology Awards (AFTAs). (more...)
04

Dec

2014

Yesterday, Blackstone Global Head of Private Equity Joe Baratta spoke with Erik Schatzker and Stephanie Ruhle on Bloomberg TV’s “Market Makers” to discuss Blackstone’s private equity business.
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25

Nov

2014

Blackstone is proud to have participated in the East Harlem Tutorial Program’s 2nd Annual 3-on-3 Corporate Challenge Basketball Tournament held earlier this month. (more...)
20

Nov

2014

The first annual Blackstone LaunchPad Demo Day demonstrated the impact of Blackstone LaunchPad’s mission to promote entrepreneurship as a viable career path. We're pleased to share highlights from Blackstone LaunchPad Demo Day winners and participants in their own words below.
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19

Nov

2014

Yesterday, Blackstone’s Chairman, CEO, and Co-Founder Stephen A. Schwarzman was interviewed as part of Stanford Graduate School of Business’s View From The Top speaker series. 
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17

Nov

2014

Last week, Blackstone Global Head of Real Estate Jon Gray spoke with Erik Schatzker and Stephanie Ruhle on Bloomberg TV’s “Market Makers” to discuss global real estate.
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11

Nov

2014

Blackstone and the Obama Administration’s Joining Forces initiative have been working to put the right set of support services in place and mobilize the private sector to make it easier to find and hire veterans. In April 2013, we committed to hire 50,000 American veterans across our portfolio of more than 80 companies over five years. (more...)
05

Nov

2014

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.
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31

Oct

2014

Verdun Perry, Co-Head of Strategic Partners at Blackstone, spoke last week to approximately 1,000 students at Morehouse College’s Crown Forum.  (more...)
22

Oct

2014

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. 
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17

Oct

2014

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.
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17

Oct

2014

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. 
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09

Oct

2014

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 $33bn of liabilities. (more...)
01

Oct

2014

In this paper, we take a look at the return opportunity in private market alternatives and explore ways to mitigate their perceived investment challenges. (more...)
26

Sep

2014

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

Sep

2014

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. 
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24

Sep

2014

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.
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24

Sep

2014

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.” 
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20

Sep

2014

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.” 
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15

Sep

2014

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.
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03

Sep

2014

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. (more...)
20

Aug

2014

Supported by more than $140,000 from the Blackstone Charitable Foundation, Tumml brings together and mentors cohorts of city-minded entrepreneurs – a model that has already proven successful. (more...)
19

Aug

2014

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. 
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12

Aug

2014

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. (more...)
11

Aug

2014

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. (more...)
07

Aug

2014

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. (more...)
29

Jul

2014

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 and Unilever and currently sits on Blackstone’s Board of Directors. (more...)
29

Jul

2014

Blackstone and Hilton Worldwide recently broke ground on the Hilton Grand Islander, a 418-unit vacation ownership tower within the iconic Hilton Hawaiian Village Waikiki Beach Resort. (more...)
21

Jul

2014

Lodging Magazine recently profiled Don Anderson, Blackstone’s Chief Sustainability Officer, and Blackstone’s portfolio operations team in an article focused on Blackstone’s sustainability efforts. (more...)
25

Jun

2014

For the 9th year in a row, Blackstone joined City Harvest to combat hunger in New York City, raising a total of $190,396 for the “Skip Lunch Fight Hunger” campaign – more than the firm has raised over the past four years combined. (more...)
24

Jun

2014

Approximately 250 people were in attendance as Enda Kenny, An Taoiseach (the Irish Prime Minister), and Gerry Murphy, Chairman of Blackstone Europe, unveiled The DoubleTree by Hilton in Dublin, Ireland.
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20

Jun

2014

Financial News recently announced its Deal of the Year as Blackstone’s IPO of Merlin Entertainment.
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26

May

2014

This Memorial Day, Blackstone honors and extends gratitude to our nation’s veterans for their service. (more...)
21

May

2014

Earlier this week, Joe Baratta, Blackstone’s Global Head of Private Equity, joined the City Harvest Skip Lunch Fight Hunger truck on a food rescue ride-along. (more...)
16

May

2014

Last week, Blackstone employees traded their Excel models for chef hats in the second annual cook-off for a cause. The event raised more than $3,000 for the Leukemia and Lymphoma Society’s Team in Training.  (more...)
14

May

2014

Last week, Tom Hill, Vice-Chairman of Blackstone and CEO of Blackstone Alternative Asset Management, led a tour at the Frick Museum for 8th grade students from Our Lady Queen of Angels School.

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12

May

2014

For the third quarter in a row, Blackstone’s Restructuring and Reorganization team has been ranked in first place in The Deal Pipeline’s Restructuring Investment Bank League Tables. (more...)
12

May

2014

Blackstone's Chief Technology Officer, Bill Murphy, writes on creativity, technology, and the workplace for Scientific American. (more...)
02

May

2014

Jamie Baird, a managing director at Blackstone, is honored at the 5th Annual “40 Under 40” M&A Advisor Awards, which recognize leading M&A, financing, and turnaround professionals. (more...)
01

May

2014

Blackstone’s Lionel Assant, head of Blackstone’s European private equity business, is featured as a “Rising Star” by Dow Jones Private Equity Analyst. 
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29

Apr

2014

Through our partnership with City Harvest, Blackstone is pleased to report that, in the first quarter of 2014, our 345 Park Avenue Dining Room has donated 1,815 pounds of food to help feed New Yorkers facing hunger. (more...)
28

Apr

2014

Blackstone’s Tania Daguere Lindbäck and Robert Ramsauer are featured in the 2014 eFinancial News 40 Under 40 “Rising Stars of Private Equity.” (more...)
22

Apr

2014

Blackstone Hospitality London is proud to announce the results of its year-long partnership with Fruitful Office.  Through the distribution of whole fruit baskets to all pantries, 2,892 papaya and guava tress have been planted in Malawi.  (more...)
09

Apr

2014

Blackstone is proud to be awarded “Property Manager of the Year” and “Deal of Year” for the sale of Broadgate by Property Week at the Property Awards 2014, which award excellence and outstanding performance in the UK property industry. (more...)
09

Apr

2014

Jon Gray, Blackstone’s Global Head of Real Estate, was recently interviewed on the first episode of Risk and Reward with Deirdre Bolton on Fox Business News, discussing the state of the U.S. and European real estate markets.
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01

Apr

2014

Peter Wallace, a senior managing director at Blackstone, is featured in Crain’s New York’s “40 Under 40” Class of 2014. (more...)
31

Mar

2014

Qasim Abbas, a managing director at Blackstone, is featured in the 2014 eFinancial News 40 Under 40 “Rising Stars” for 2014. (more...)
28

Mar

2014

We are proud to announce that Blackstone has won in six separate categories – up from five last year – in PERE’s 2013 Global Private Equity Real Estate Awards. (more...)
26

Mar

2014

As part of Blackstone’s ongoing effort to improve investor transparency, the firm is pleased to announce a significant acceleration in the availability of unit holders’ final 2013 tax information on Form K-1. (more...)
17

Mar

2014

2013 was an outstanding year for Blackstone. We ended the year as the largest global investment manager in our class. We grew assets under management to $266 billion, which represents an increase of 26% year-over-year. (more...)
06

Mar

2014

Blackstone is proud to be honored by Private Equity International as Large-Cap Firm of the Year in North America for 2013. (more...)
06

Mar

2014

Blackstone’s Chairman, CEO, and Co-Founder Stephen A. Schwarzman appears on Fox Business Network's Opening Bell with Maria Bartiromo to discuss markets, investing, and his international scholarship program, Schwarzman Scholars. (more...)
05

Mar

2014

Blackstone is proud to announce that its credit platform, GSO, has been awarded “Deal of the Year, Americas,” by Private Debt Investor. (more...)
04

Mar

2014

This morning, the Wall Street Journal editorial page published an op-ed written by Blackstone President and Chief Operating Officer Tony James on market-based financing. (more...)
24

Feb

2014

Alongside our announcement of the second annual Blackstone Organizational Grant recipients, the seventeen organizations receiving a total of $1.6 million in funding this year from the Blackstone Charitable Foundation gathered at Blackstone’s New York offices to meet one another and discuss opportunities for collaboration. (more...)
20

Feb

2014

Taylor Gilland, a first-year analyst at Blackstone Advisory Partners, has qualified to compete at the 1500 Meters event at this Sunday’s USA Indoor Track & Field Championships in Albuquerque, New Mexico. His qualifying time was one of the twelve fastest in the U.S. this year. Congratulations to Taylor from all of his colleagues at Blackstone! (more...)
12

Feb

2014

Blackstone at its best: Last night, with the support of guest bartenders Tony James and other senior executives, Blackstone employees enjoyed burgers and beer to fundraise for the firm’s Leukemia & Lymphoma Society Team in Training. (more...)
22

Jan

2014

Following last month’s networking guide, this month Blackstone’s recruitment team offers an interview primer to give students some helpful tips as they begin the interview process for summer internships and full-time positions. (more...)
20

Dec

2013

Standard & Poor's Ratings Services has raised its issuer credit ratings for Blackstone to A+. Blackstone is proud to remain the highest-rated alternative asset manager.  (more...)
13

Dec

2013

International Financing Review recently named Blackstone “Americas Issuer of the Year” in its annual awards feature.  (more...)
13

Dec

2013

Yesterday at our New York offices, Blackstone was thrilled to introduce a group of scholars from the East Harlem Tutorial Program to another group of very special guests from SeaWorld Parks and Entertainment. The firm has a long-standing volunteer relationship with EHTP and was thrilled to offer these students an opportunity to celebrate and connect with the natural world. (more...)
12

Dec

2013

This week, Blackstone’s Team in Training raised $5,150 during a Technology Holiday Fair hosted in Blackstone's New York offices. This brings the total amount raised by the firm since it established its Team in Training chapter to over $1.75 million. All proceeds benefit the Leukemia and Lymphoma Society. (more...)
11

Dec

2013

As recruitment season gears up, Blackstone’s team is offering a few tips to help students get the most out of career networking events. “More than anything else, a genuine interest in the firm hosting the event will help you make a positive impression on potential employers,” says Bronwen Baumgardner, an HR Director at Blackstone. (more...)
09

Dec

2013

Blackstone is proud to be named by Pensions & Investments as the #1 ranked “Best Place to Work” in its annual industry survey. The feature highlights the firm’s high priority on employee training, transparency and communication.  (more...)
04

Dec

2013

Blackstone’s Global Head of Real Estate, Jonathan D. Gray, has been named “Executive of the Year” and “Investor of the Year” by Commercial Property Executive in its annual peer-voted awards feature. (more...)
01

Nov

2013

Vivint, a Blackstone portfolio company, has been honored as the nation’s number two top job-creating company as part of Inc. Magazine’s annual Hire Power Awards. (more...)
21

Oct

2013

Blackstone is pleased to announce the opening of its Singapore office, our 24th office globally and the new headquarters for the Greater Southeast Asia region. Stephen A. Schwarzman, Blackstone’s CEO, Chairman, and Co-Founder, gave remarks today at an event attended by Singapore’s Deputy Prime Minister. (more...)
10

Oct

2013

This morning, the Wall Street Journal editorial page published an op-ed written by Blackstone President and Chief Operating Officer Tony James on the ongoing fiscal crisis. (more...)
07

Oct

2013

Blackstone and Invitation Homes were featured in a Sacramento Business Journal profile.  (more...)
30

Sep

2013

Blackstone’s Park Hill Group office in Chicago hosted local high-school students who participate in services offered by MoneyThink, a Blackstone Organizational Grant recipient. MoneyThink is a non-profit organization that helps urban youth achieve financial literacy and navigate the financial decisions of adulthood. (more...)
04

Sep

2013

Today Blackstone was ranked #1 by Vault in its 2014 Banking Employers survey. This is the very first time that Blackstone has been given top honors from Vault - a highly influential industry publication. (more...)
28

Aug

2013

Launch Tennessee, a Blackstone Organizational Grant recipient, hosted "Top TENN" yesterday in Nashville, Tennessee.  The entrepreneurial competition, which was made possible by a $100,000 grant awarded to Launch Tennessee through the Blackstone Charitable Foundation's Organizational Grants program, brought together the top 20 startup companies from nine regional accelerators across the state. (more...)
13

Aug

2013

Blackstone’s investor portal, BXAccess, was named by IDG's CIO magazine  as a recipient of the 2013 CIO 100. (more...)
29

Jul

2013

Historically the job of the bond allocation was to buffer investors from periodic swings in equities and to provide some modest income they could harvest and spend. But it’s a new world for bonds, with historically low yields and rates that may have nowhere to go but up. (more...)
24

Jul

2013

Blackstone’s Singapore office held its annual volunteer day with Citycare, which fosters volunteer work and philanthropy in communities through partnerships among businesses, community groups and individuals. As part of Blackstone’s volunteer activity, employees joined Operation Extra Mile, cycling in support of 100 Cambodian children. (more...)
09

Jul

2013

Blackstone Mortgage Trust, Blackstone’s dedicated mortgage-lending vehicle, was recently featured in Commercial Mortgage Alert and Mortgage Observer Weekly. (more...)
13

Jun

2013

Blackstone and GSO were featured this week in an Institutional Investor profile, “Blackstone Group’s GSO Capital: Lenders of Last Resort.” (more...)
12

Jun

2013

Blackstone is the #1 Contributing Team.  For the eighth year in a row, Blackstone partnered with City Harvest to fight hunger in New York City.  The annual ‘Skip Lunch Fight Hunger’ campaign asks New Yorkers to donate what they might normally spend on lunch for one week to help feed hungry children and their families during the summer.  (more...)
09

Jun

2013

An editorial in the New York Times today (Sunday, June 9th, 2013) blames Blackstone and other investors for driving up the prices of single family homes and reducing the supply of affordable housing for first-time home owners. While we share the NYT’s concerns that affordable housing is an important matter of public policy, to blame Blackstone for the rise in house prices is wrong and ignores the positive good that private capital plays in the housing market. (more...)
29

May

2013

Investors face a longstanding dilemma with equities:  they provide access to much-needed portfolio growth but are often the major source of potential volatility and steep declines. (more...)
23

May

2013

The Blackstone Charitable Foundation recently awarded several grants totaling $1 million to organizations with a focus on entrepreneurship through its Blackstone Organizational Grants program. (more...)
19

Apr

2013

On April 11th, Blackstone employees faced off to cook for a cure.  The event, hosted by Blackstone’s Innovations and Infrastructure team, raised $3,000 for The Leukemia & Lymphoma Society’s Team In Training initiative. (more...)
12

Mar

2013

We are proud to announce that Blackstone has won in five separate categories in the 2012 Global Private Equity Real Estate Awards. (more...)
08

Mar

2013

Blackstone’s Chief Financial Officer, Laurence Tosi (L.T.), was honored by the Georgetown University Wall Street Alliance for his mentorship and scholarship support of incoming and current Georgetown students. (more...)
07

Mar

2013

The way things are looking, the City of London could be damned if the UK leaves the EU and damned a good deal sooner if it does not. (more...)
05

Mar

2013

In an interview for OneWire’s video series, “Open Door”, Blackstone President and Chief Operating Officer, Tony James reflects on his career in the financial industry. (more...)
01

Mar

2013

Blackstone’s Global Head of Real Estate, Jonathan Gray, was featured in this month’s Bloomberg Markets Magazine for his work with Harlem Village Academies. (more...)
20

Feb

2013

Blackstone congratulates Avi Sharon, who received The Hellenic Foundation for Culture 2012 Translation Prize for his translation of C.P. Cavafy’s Selected Poems. (more...)
12

Feb

2013

Here are some of the lessons I have learned in my first 80 years.  I hope to continue to practice them in the next 80. (more...)
06

Feb

2013

Today, Blackstone commissioned the Bujagali Hydroelectric Power Station in Uganda. The event was attended by the President of Uganda, Yoweri Museveni, The Aga Khan, leaders from neighboring countries and the citizens of Uganda. This occasion marks the culmination of a project that began more than two decades ago. (more...)
30

Jan

2013

Approximately 20 United States Coast Guard Academy (USCGA) cadets spent an afternoon touring Blackstone’s offices in New York and meeting with investment professionals from across the firm to gain career advice and guidance from military service academy alumni working at Blackstone. (more...)
25

Jan

2013

Recognized for his work on Blackstone’s direct investments platform, Blackstone’s David Shankman was recently featured on the Forbes 30 under 30 list.  We asked him to talk about what he does at the firm and here is what he had to say. (more...)
08

Jan

2013

Today, employees from Blackstone joined New York Giant Chris Canty and New York City Department of Education Chancellor Dennis Walcott to announce a long-term mentorship program, which will start this academic year. (more...)
03

Jan

2013

More than 70 Blackstone employees joined over 1,000 climbers to support inMotion’s Story by Story stair climb to end domestic violence.  The third annual event was again held at 1411 Broadway, a 42-story skyscraper in the heart of midtown Manhattan. The event was a tremendous success raising nearly $600,000. (more...)
02

Jan

2013

Blackstone Charitable Foundation Executive Director Amy Stursberg and Blackstone Accelerates Growth Executive Director John Voltz discuss  growing businesses and job creation in Maine. (more...)
20

Dec

2012

AdExchanger asked Blackstone's Ken Allen, Director, Head of Digital Media and Internet Advisory with Blackstone Advisory Partners, LP, his reaction to the deal. The commentary can be found on AdExchanger. (more...)
19

Dec

2012

Blackstone is excited to announce that its portfolio company, Center Parcs, has been awarded this year’s EMEA Structured Finance Award for the CPUK Finance transaction. (more...)
05

Dec

2012

In 2005, Thomas Friedman boldly proclaimed The World is Flat.  While it may be true in many senses, Mr. Friedman’s message conveys a false sense of simplicity.  In reality, this terrestrial pancaking process has drastically changed business practices and added substantial complexity to ‘dealmaking’ worldwide. (more...)
03

Dec

2012

The Blackstone Charitable Foundation today announced a $3 million three-year grant to train the next generation of entrepreneurs in the Philadelphia region of Pennsylvania. (more...)
28

Nov

2012

Like the British Prime Minister, Boris Johnson has chosen India, which he visits this week, for his first official overseas trip as Mayor of London. In doing so, they have both identified a common cause - harnessing an Aspiration Nation. If you believe that demography determines destiny, then India, with more than half its population under the age of 25 years, is the ultimate place to capture the benefits of scale, consumption growth and capital formation on a magnitude unrivalled in human history. That will make India, along with China and the US, one of the key engines of global growth in the coming decades. (more...)
28

Nov

2012

We asked Blackstone's Chief Sustainability Officer Don Anderson about our newly deployed solar program. Here is what he had to say. (more...)
27

Nov

2012

Is Germany becoming the new Gaullist state of Europe? It has fiercely opposed fully rescuing eurozone countries, forcing the EU to repeatedly act too little too late. (more...)
26

Nov

2012

Blake Vogt has joined Blackstone's Private Equity Portfolio Operations Team as Vice President focused on eSourcing. (more...)
09

Nov

2012

Blackstone has created a national platform, Invitation Homes, to purchase distressed single family homes and then refurbish, lease and maintain them in neighborhoods across the country. (more...)
07

Nov

2012

We are proud to announce that Blackstone has won in two separate categories in Private Equity International’s inaugural Operational Excellence Awards.  These awards honor stand-out examples of value creation by private equity owned companies. (more...)
01

Nov

2012

In response to the significant devastation caused by Hurricane Sandy, the Blackstone Charitable Foundation is partnering with Blackstone portfolio company, The Weather Channel (and co-investors Bain and NBCU), to match employee donations to the Red Cross Sandy Disaster Relief Fund, up to a total of  $1 million. (more...)
25

Oct

2012

Blackstone recently ranked #1 globally for completed restructurings in Thomson Reuters’ Distressed Debt & Bankruptcy Restructuring Review.  During the first three quarters of 2012, Blackstone advised debtors and creditors on the restructuring of over $295bn of liabilities, including 5 of the 10 largest transactions. (more...)
17

Oct

2012

This month marks Blackstone’s 27th anniversary. It is a time to celebrate the firm's collective successes and feel proud of the excellent investment returns and advice we have provided to our clients over many years. (more...)
10

Oct

2012

In Today’s Times, Blackstone’s John Studzinski discusses banking reputation and suggests ways the industry can gain back public confidence. (more...)
08

Oct

2012

Today, Blackstone announced the launch of its official Facebook page. While the Firm has been active on Twitter since 2010, today’s announcement marks the next step in the expansion of our social media program. As we continue to grow globally, there is a greater need to reach our audiences using the channels that they use to get their information and given this, Facebook emerged as the platform of choice. (more...)
01

Oct

2012

Today, the Blackstone Charitable Foundation announced that it has approved a new $50,000 grant to Moneythink, a nonprofit that provides financial and entrepreneurship education through peer-mentorship to urban 11th-and-12th-graders in the United States. Its unique model uses customized curricula and college volunteers to make financial decision-making, career planning, and entrepreneurship practical, relevant, and fun for urban high school students entering the real world.   (more...)
23

Aug

2012

Tim Coleman discusses Blackstone’s Restructuring practice, the approach they’ve taken to advising clients, and highlights one of the Group's major Restructurings. Watch video interview here. (more...)
16

Aug

2012

Following a successful bond offering, which capitalized on record low interest rates to bolster Blackstone’s already strong balance sheet, rating agencies Standard & Poor’s and Fitch reaffirmed the firm’s A/A+ credit rating.  This credit rating is the highest of any alternative asset manager and one of the highest of any financial institution. (more...)
13

Aug

2012

The Blackstone Charitable Foundation today announced that it has approved a new $150,000 grant to One Hen Inc., a nonprofit that introduces young children to the principles of entrepreneurship. (more...)
07

Aug

2012

An independent, third-party audit conducted by Al Lewis, Executive Director of the Disease Management Purchasing Consortium (DMPC) and a respected healthcare authority, has named Equity Healthcare as one of only six vendors to validly measure healthcare outcomes. (more...)
06

Aug

2012

The Blackstone Launchpad program is a program that is meant to teach students how to use their ideas and turn them into successful business ideas. The office, located in the Student Center lobby, connects students with mentors, experts and resources to get their ideas off the ground. Photo by Matt Hafley. (more...)
06

Aug

2012

Blackstone’s Hedge Fund Solutions (BAAM) group was profiled in Hedge Funds Review, which interviewed Blackstone’s Tom Hill about the Group’s approach and what sets them apart from competitors. (more...)
06

Aug

2012

The following is an edited version of Tony James’ remarks on Blackstone’s recent 2Q earnings call on the need for pension plans to increase their allocations to alternative investments (more...)
02

Aug

2012

In a recent Harvard Business Review article, Carl Schramm, former CEO of the Kauffman Foundation and author of Better Capitalism, lauded LaunchPad as one of two entrepreneurship programs in the nation that “show what does work”. (more...)
01

Aug

2012

A Pensions & Investments article from July 9, 2012, underscored the challenges facing U.S. state pension plans and the better returns realized by those with higher allocations to alternative investments. (more...)
12

Jul

2012

Today, the New York Times featured Blackstone’s Portfolio Operations team in “Private Equity Giants Use Size to Lean on Suppliers”. The article underscored how Blackstone implements strategies such as group purchasing programs to help its portfolio streamline operations and cut costs. (more...)
09

Jul

2012

Property Week asked more than 100 top investors to name stand out deals that occurred after 2007 in the UK. (more...)
22

Jun

2012

In an interview with Japan’s Nikkei Veritas, Blackstone’s Byron Wien discussed his views on the U.S. and Japanese economy. (more...)
21

Jun

2012

For the 7th year in a row, Blackstone joined City Harvest to combat hunger in New York City, raising a total of $57,886 for the ‘Skip Lunch Fight Hunger’ campaign. (more...)
15

Jun

2012

John Studzinski is interviewed on how Blackstone Advisory Partners has evolved since its inception, and what he expects to see in the second half of 2012. (more...)
18

May

2012

SeaWorld, a Blackstone portfolio company, today announced the opening of its newest waterpark, Aquatica San Antonia, in Texas. Construction of Aquatica San Antonio began in May 2011 and it is the single largest investment the company has made since 1988. (more...)
16

May

2012

My colleagues and I in Blackstone’s Technology Advisory group recently hosted a series of dinners in San Francisco and New York to discuss the trends du jour with many of the thought leaders in the tech sector.  Invariably, given all of the excitement around the Facebook IPO, much of the discussion ended up focusing on this topic.  Facebook’s IPO, the third largest in U.S. history behind Visa and GM, is certainly cause for much discussion.  Here we have a company with $3.7 billion in revenues that last traded in the private markets at a valuation north of $100 billion.  That implies a trailing revenue multiple of over 27x, for those doing the math.  As such, Facebook, at eight years old, has eclipsed the valuation of such venerable U.S. brands as McDonald’s, Caterpillar, Boeing, American Express, and Amazon, and at pricing is expected to have a valuation higher than Dell, HP, and Adobe, combined. (more...)
24

Apr

2012

Yesterday TV and online ad platform DG announced the acquisition of semantic technology firm, Peer39. AdExchanger asked Ken Allen, Director, Head of Digital Media and Internet Advisory with Blackstone Advisory Partners, LP, his reaction to the deal and the opportunity with digital ad, targeting data. The article can be found here. (more...)
29

Mar

2012

Blackstone President Tony James discusses the importance of safeguarding returns for pension funds, and opportunities in the real estate and energy markets. (more...)
26

Mar

2012

Blackstone’s Rescue of the Delaware City Refinery Saved Hundreds of Jobs and has the Potential to Create Thousands More (more...)
08

Mar

2012

In early 2011, a bulge bracket bank had fully committed to finance a $435 million loan to NANA Development Corporation (NDC).  Proceeds from the transaction were expected to fund the company’s acquisition of Grand Isle Shipyard (GIS), one of the largest oilfield services businesses in the Gulf of Mexico, and to repay existing debt.  By June 2011, amid the burgeoning panic surrounding the European fiscal situation, the loan faced unclear prospects of syndication, resulting in a potentially large concentration of risk on the bank’s balance sheet. The bank contacted Blackstone’s Credit Business, GSO Capital Partners, to assist in the restructuring of the transaction, which would facilitate GSO’s funding of a substantial portion of the commitment. (more...)
05

Mar

2012

Today the Blackstone Charitable Foundation kicked off a strategic mentorship program as part of its Entrepreneurship Initiative at two Detroit area schools.  Blackstone LaunchPad students from Walsh College and Wayne State University will provide their entrepreneurial expertise and real world knowledge to middle school students participating in One Hen Academy’s program.  (more...)
01

Mar

2012

"This expansion and the jobs that it brings will be a real boost to growth and a sign of the increasing investor confidence that there is too.” (more...)
24

Feb

2012

Blackstone portfolio company, Detroit Medical Center, invests $850M in critical hospital system in Detroit. (more...)
15

Feb

2012

In an February 7th interview on Bloomberg News, Blackstone President and COO Tony James defended private equity and discussed the critical role it has in boosting the economy and safeguarding jobs. He also comments on Europe, opportunities there and Blackstone’s businesses.  (more...)
29

Nov

2011

Blackstone’s Real Estate group kicked off a mentorship program with Harlem Village Academies. Employees from Blackstone’s Real Estate group in New York visited the Harlem Village Academy Middle School on 144th Street and participated in their weekly Community Circle as well as spent one-on-one reading time with students from grades five through eight. Blackstone employees will continue to mentor students from Harlem Village Academies helping them to advance their reading skills and reach their academic goals. (more...)
18

Nov

2011

The Blackstone Charitable Foundation today announced a $3.2 million, three-year partnership with the Ohio-based Burton D. Morgan Foundation to train the next generation of entrepreneurs in Northeast Ohio. (more...)
09

Nov

2011

Blackstone President and COO Tony James recently spoke at an event celebrating the reopening of the PBF Delaware City Refinery.  The refinery was closed in 2009 by its previous owner leaving hundreds out of work.  Blackstone's willingness to invest risk capital to restart the refinery and execute a complete turnaround of the facility saved more than 700 jobs, will lead to the creation of thousands more secondary jobs and is already having a  wide reaching  impact on the Delaware community.  Tony James said, “Saving this refinery is what private equity is all about. If we are going to get America going again we need to save struggling, traditional American businesses that employ thousands of people.” (more...)
01

Nov

2011

December 2007 marked the first of several trips Blackstone’s Mary Anne Citrino would make to Cambodia. The occasion celebrated the opening of a school which she funded together with her husband and three children, Cheyenne, Dillon and Colter. Construction of the Dicheycol School began in April of the same year, in Ang Krong Village, located just two hours north of Phnom Penh.  Continued support from the Citrino family ensures the education of the village’s boys and girls through middle and high school. The school is made up of 8 classrooms, 3 teachers and 123 students. (more...)
25

Oct

2011

On October 20th, Steve Schwarzman delivered the keynote address at the 66th annual Alfred E. Smith Dinner. The dinner, hosted in memory of former New York Governor Alfred E. Smith, raises millions of dollars for charitable endeavors in New York City. This year’s dinner raised a record amount of $2.2 million and was attended by Governor Andrew Cuomo, State Comptroller Tom Dinapoli, and many others from the New York political establishment. (more...)
18

Oct

2011

This interview appeared on the ‘13 Hours to Think’ blog by Jeff Richards, a Partner at GGV Capital in Silicon Valley. It was posted on October 18, 2011. 

JR: Love the presentation and the concept of “Rare Air” – can you explain it in layman’s terms?   (more...)
12

Oct

2011

Blackstone Recognized as Top Fundraising Team 

On October 6th over 60 Blackstone employees supported inMotion in climbing the stairs of 1411 Broadway -a 42-story skyscraper owned by Blackstone's investors - in support of inMotion's “Story by Story” climb to end domestic violence. Captained by Erik Lisher, and assisted by Tim Coleman, Jon Gray and Jacob Werner, the Blackstone team raised over $136,000 and is expected to be named once again the top fundraising team. In total, the stair climb event will likely raise over $636,000, made possible through the generous donations of more than 3,700 donors. (more...)
11

Oct

2011

“Saving this refinery is what private equity is all about.  It's great that a couple of 20-year-olds can start a web site in a garage and make billions of dollars with venture capital.  But if we are going to get America going again, we need to save struggling, traditional American businesses that employ thousands of people.  And to do that, we need patient equity in large amounts that provide strong capital bases. Only private equity can fill this need.  The 2000 jobs potentially created by this reopening are a win for the pension funds we manage, the workers here at the refinery, the State of Delaware and the economy of the U.S.  Let's use it as a model for the future.” (more...)
07

Oct

2011

Over 700 Jobs Created

Today, Blackstone President and COO Tony James attended an event to celebrate the official reopening of the Delaware City petroleum refinery, which was closed in 2009 by a previous owner.  Mr. James toured the refinery and delivered remarks at the event, attended by Delaware Governor Jack Markell, U.S. Senator Thomas Carper, U.S. Senator Christopher Coons, International Vice President of the United Steelworkers Gary Beevers, and First Reserve Managing Director Tim Day, as well as other dignitaries and employees of the refinery. (more...)
07

Oct

2011

The Blackstone Charitable Foundation today announced the launch of a new $3 million regional initiative - (more...)
29

Sep

2011

The following interview was conducted with Ken Allen, a Vice President in Blackstone’s Advisory Practice, who leads Blackstone’s coverage of the Digital Media sector. (more...)
27

Sep

2011

In a CNBC interview on September 22nd, Blackstone’s President, Tony James, said there are four primary reasons why private equity serves as an engine of economic growth. Because of time, he was only able to share the first two. We have received many requests for Tony’s “Top Four”, so here they are. (more...)
15

Sep

2011

1. Blackstone hosted its inaugural Tech Forum in Silicon Valley today, Ivan, what was the genesis behind organizing the Forum?

Silicon Valley is a truly unique ecosystem of technology innovation, and we’re eager to show our continued support through our inaugural Technology Forum. Blackstone’s Technology Advisory team works with executives from leading companies across the technology landscape.  At the same time, our portfolio companies realize that technology investments are a key driver of growth and operational improvements. The Technology Forum is an opportunity for Blackstone to showcase propriety resources across the firm including our Operating Partners, CIO network, Advisory Group and client network to create an interesting environment for collaboration. (more...)
12

Sep

2011

The following op-ed by Mr. Schwarzman ran in the (more...)
15

Aug

2011

A tradition that started in Blackstone's Hedge Fund Solutions Group (BAAM) four years ago was extended to the entire firm this year with great success. Blackstone employees across all business units partnered with First Day New York to sponsor 150 New York City students with backpacks, first day of school outfits and school supplies. BAAM sponsored 20 students in their first year, and with the support of the entire firm, that number has grown significantly to 150. According to First Day New York, Blackstone remains the leading sponsor for providing backpacks to at-risk children living in New York City. (more...)
14

Jul

2011

Within the first nine months of implementation, The Blackstone Launchpad program has enrolled more than 300 students and has created a network of 30 coaches to support, guide, and encourage budding entrepreneurs. Of those 300 students, 110 have completed initial venture proposals. Modeled after the successful LaunchPad program at the University of Miami, The Blackstone Charitable Foundation developed and funded two new LaunchPad programs in Detroit at Wayne State University and Walsh College. The programs started at the schools in September of 2010. (more...)
29

Jun

2011

With continued support from the Blackstone Charitable Foundation, Eagle Academy Scholars pass and excel in the 2011 New York State Regents exams. Since 2009, Blackstone employees have worked with the students, administrators and teachers of Eagle Academy in Brownsville, Brooklyn, a school committed to educating young men from low-income neighborhoods to be “globally conscious and globally competitive.” Our commitment includes mentoring students, teaching weekend classes, and providing professional development training. (more...)
28

Jun

2011

Today, on behalf of our investors, we closed on the $9 billion acquisition of Centro Properties’ U.S. assets and platform. Centro is the second largest owner of community and neighborhood shopping centers in the U.S. and a leader in redevelopment. Assets include 585 community and neighborhood shopping centers and related retail assets with an aggregate of 92.1 million square feet across 39 states. (more...)
27

Jun

2011

Q: You mentioned levers that drive performance.  Can you expand on that and maybe give some examples?

A:  Let’s start with revenue growth, which can come from competitive pricing, optimizing marketing expenditures, improvements in sales force productivity, and identifying new market segments and revenue sources.  There is also a big opportunity to help these organizations expand globally. Growth in developing and emerging markets, where Blackstone already has experience and connections,  represents a big growth opportunity in many of these companies.

First, we do a diagnostic analysis and then dive deeply into the customer facing processes and operations, doing customer research, competitive analysis, and sales force ride-alongs to ensure that we understand the drivers of the business. (more...)
23

Jun

2011

Q:  James, in 2010 75% of the companies Blackstone owns on behalf of its investors grew EBITDA and hired approximately 20,000 people.  What made that possible?

A: In early 2007, we took the position that the economy seemed over heated. We then carefully worked with the management teams of the companies we owned on behalf of investors to prepare for and weather the economic downturn. (more...)
22

Jun

2011

Blackstone employees raised more than $932,000 for the 2011 United Way Campaign, bringing the total amount raised by the firm to nearly $4 million since 2001. This year’s record -setting gift was made possible by 100% participation from the firm’s senior managing directors and almost 90% participation from employees in our New York office. (more...)
15

Jun

2011

On June 5th the Blackstone Bike Team completed a 100-mile bike ride around Lake Tahoe in support of the Leukemia and Lymphoma Society.  The 2011 Blackstone Bike Team raised $237,000 for the Leukemia and Lymphoma Society (LLS) bringing the total raised by the firm and its employees since 2008 to over $1,200,000. This year, Team Blackstone was once again the #1 corporate fund raising team and the the largest cycling team. (more...)
02

Jun

2011

A UK news report that appeared on former Blackstone portfolio company Southern Cross was inaccurate and misleading. (more...)
25

Apr

2011

Today, the Blackstone Foundation announced its most recent endeavor – Blackstone Entrepreneurs Network - a project with the potential to create 17,000 jobs in North Carolina.  As part of its $50 million Entrepreneurship Initiative, The Blackstone Charitable Foundation is developing and implementing programs in conjunction with local partners that it hopes will serve as national models for spurring economic growth through entrepreneurship. (more...)
31

Mar

2011

With the recent closing of its most recent debt strategies fund, Blackstone Real Estate Debt Strategies (“BREDS”) commitments now total $3.5 billion.  Blackstone’s Senior Managing Director and Chief Investment Officer of BREDS, Mike Nash, discusses the success of Blackstone’s real estate debt business and its impact on the commercial real estate industry. (more...)
29

Mar

2011

Twenty-nine Blackstone colleagues and friends recently ran the New York City Half Marathon as part of the Team in Training program raising money for the Leukemia and Lymphoma Society (LLS). The team is especially pleased to have been recognized as the Top Corporate Fundraising Team, with over $100,000 raised to support LLS's mission to help identify cures for Leukemia, Lymphoma, Hodgkin’s Lymphoma and Myeloma. This is in addition to more than $1 million raised by Blackstone’s overall efforts since 2008. (more...)
24

Mar

2011

Blackstone’s Tokyo office continues to operate during the difficulties after the earthquake and the tsunami. All Tokyo office employees are in Japan and are at work. (more...)
22

Mar

2011

As the Economic Recovery Gains Momentum, Has the Perception of ‘Value’ Changed? 

Mary Anne Citrino, Senior Managing Director and Head of Blackstone Advisory Partners’ Consumer Advisory Practice, responds to that and more. (more...)
01

Mar

2011

The Blackstone Group received a special honor as the top fundraising team for inMotion’s Story by Story—Climbing to End Domestic Violence! event. A gala ceremony was held on February 8th for inMotion’s Commitment to Justice Awards at New York City’s Lincoln Center. (more...)
24

Feb

2011

Q: Vik, since the beginning of this year, Blackstone has executed multiple refinancings on companies owned by the funds that it manages for investors. Why now and why is this a good thing?

A: I will answer the second question first. Blackstone takes a very active role in counseling the companies owned in its funds on behalf of its investors. We are not passive investors. So this means that we apply our expertise in several ways to make companies stronger, and this includes debt structures. We are in the markets frequently, which gives us an excellent pulse on what is happening day to day. When there are opportunities to strengthen the companies’ balance sheets and to create more value, we want to seize those. And quickly! A reduction in the cost of borrowings or in total borrowings is a good thing for our investors and their returns. (more...)
22

Feb

2011

Blackstone portfolio company, TRW Automotive, is seeking experienced engineers. In an effort to keep up with business growth, TRW is putting out the message that it is hiring. (more...)
18

Feb

2011

Following the June 2010 opening of the Wizarding World of Harry Potter, Blackstone Portfolio Company Universal Orlando has seen a 20% growth in attendance for 2010, contributing to its best fourth quarter on record and highest attendance since 2004. (more...)
10

Feb

2011

By Gérard Errera

In our multipolar world the European Union appears sadly to be something of a deadweight. It should not be so. Strange as it may sound against the recent backdrop of bleak predictions about the eurozone, it even may not be so. (more...)
03

Feb

2011

Today Blackstone reports earning results for the Fourth Quarter & 2010 Year End earnings.  We invite you to watch a short video of Blackstone Chairman, CEO and Co-Founder, Steve Schwarzman, conveying the highlights. (more...)
31

Jan

2011

Q: Why has The Blackstone Charitable Foundation chosen entrepreneurship as its primary area for support?

A: The Foundation was created in 2007 by employees of The Blackstone Group to support communities around the world, particularly in areas where we live and work. When the global economic crisis hit, we determined we would have the greatest impact by applying our resources and expertise to programs that aim to stimulate the economy and create jobs. Influenced by the enterprising heritage of the firm and its founders, The Blackstone Charitable Foundation has pledged $50 million to fostering entrepreneurship around the world. (more...)
26

Jan

2011

Q. What does Coskata do?

A. Coskata is a clean technology company that enables the low-cost production of biofuels and green chemicals. By leveraging proprietary microorganisms and innovative bioreactor designs, Coskata expects to dramatically improve the economics of fuel and chemicals production. For example, we expect Coskata to be a very low-cost producer of ethanol, with an annual operating cost approaching $1 per gallon. (more...)
19

Jan

2011

Today, we introduce Blackstone News & Views, a forum where we will provide commentary on the global economy, views from senior Blackstone executives and highlight company news. (more...)
 

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