|Exchange:||New York Stock Exchange|
|Stock:||Blackstone Group LP|
|Blackstone Group LP was formed as a Delaware limited partnership on March 12, 2007. The Company is an alternative asset manager and a provider of financial advisory services. It is managed and operated by its general partner, Blackstone Group Management L.L.C. Its alternative asset management businesses include the management of corporate private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles and publicly-traded closed-end mutual funds. The Company also provides financial advisory services, including corporate and mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services. Its four business segments are: Corporate Private Equity, Real Estate, Marketable Alternative Asset Management and Financial Advisory. Its Corporate Private Equity segment is a global business with approximately 110 investment professionals and offices in New York, London, Menlo Park, Mumbai, Hong Kong and Beijing. It is a provider of private equity investing, having managed five general private equity funds, as well as one specialized fund focusing on media and communications-related investments, since it established this business in 1987. Through its corporate private equity funds it pursues transactions throughout the world, including leveraged buyout acquisitions of seasoned companies, transactions involving growth equity or start-up businesses in established industries, minority investments, corporate partnerships, distressed debt, structured securities and industry consolidations, in all cases in strictly friendly transactions. The Company’s real estate segment is diversified geographically and across a number of sectors. It launched its first real estate fund in 1994 and has managed six general real estate funds, two internationally focused real estate funds, a European focused real estate fund and a special situations real estate fund. Its real estate funds have made investments in lodging, major urban office buildings and a number of real estate operating companies. In addition, its real estate special situations fund targets global non-controlling debt and equity investment opportunities in the public and private markets. The asset management and financial advisory industries are intensely competitive. The Company competes both globally and on a regional, industry and niche basis. It competes on the basis of a number of factors, including investment performance, transaction execution skills, access to capital, reputation, range of products and services, innovation and price. The Company's businesses are subject to regulation in the United States and elsewhere.|
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.