The Blackstone Group L.P. (not to be confused with investment management firm BlackRock, Inc.) is a private investment and advisory firm founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman. The company is based in New York City with offices in Atlanta, Boston, London, Hamburg, Germany, and Paris, France.

Business

Business divisions:

Private Equity Group

Blackstone's current holdings include stakes in Allied Waste, Graham Packaging, Celanese, Nalco, Houghton Mifflin, Premcor, American Axle, Prime Hospitality, and Universal Studios Florida.

Real Estate Group

The company also owns more than 13 million sq. ft. of real estate in Boston, New York, San Francisco, and Washington, DC. Lastly, Blackstone provides restructuring services; clients have included XEROX, Enron, Bally Total Fitness, and Global Crossing.

Corporate Debt Group

Marketable Alternative Investments (Blackstone Alternative Asset Management or short BAAM)

Relative Value Fixed Income Investments

Corporate Advisory Services

Restructuring & Reoraganization Advisory

Clients have included XEROX, Enron, Bally Total Fitness, and Global Crossing.

External links

Company websites

• The Blackstone Group

Data

• Yahoo! - The Blackstone Group LP Company Profile