Business Menu Guide | Blackstone

"The Blackstone Group Inc. is a multinational private equity different financial investment monitoring as well as financial services company based in Midtown Manhattan, New York City. As the biggest different investment firm in the world, [4] Blackstone specializes in personal equity, credit, and hedge fund investment techniques.

Blackstone's personal equity company has been among the largest capitalists in leveraged buyouts in the last decade, while its real estate service has actually actively gotten industrial property. Because its beginning, Blackstone has actually bought such noteworthy companies as Hilton Worldwide, Merlin Entertainments Team, Efficiency Food Team, EQ Workplace, Republic Solutions, AlliedBarton, United Biscuits, Freescale Semiconductor, Vivint, and also Travelport.

Blackstone was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson and Stephen A. Schwarzman, that had actually formerly interacted at Lehman Brothers. In 2007, Blackstone became a public firm with a $4 billion IPO, turning into one of the first major personal equity companies to list shares in its management business on the general public stock exchange. Blackstone is headquartered at 345 Park Avenue in Manhattan, with eight extra workplaces in the United States, along with offices in Dublin, Düsseldorf, London, Luxembourg, Paris, Sydney, Tokyo, Hong Kong, Singapore, Beijing, Shanghai, Mumbai, as well as Dubai.

As of 2019, the firm's overall assets under management were approximately US$ 545 billion dollars. In April 2019, Blackstone revealed it was converting to a corporation from an openly traded partnership."