Last €26.27 EUR
Change Today +0.318 / 1.23%
Volume 251.0
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Company Description

Contact Info

345 Park Avenue

New York, NY 10154

United States

Phone: 212-583-5000

Fax: 212-583-5749

The Blackstone Group L.P. operates as a manager of private capital and provider of financial advisory services. The company’s alternative asset management businesses include the management of private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation (CLO) vehicles and separately managed accounts. It also provides a range of financial advisory services, including financial advisory, restructuring and reorganization, and fund placement services. Segments The company’s segments include Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. Private Equity Segment The Private Equity segment is a global business with 120 investment professionals and offices in New York, London, Menlo Park, Mumbai, Hong Kong, Singapore, Beijing and Shanghai. The company manages five general private equity funds, as well as one specialized fund focusing on communications-related investments. Real Estate Segment The Real Estate segment engages in real estate investing, having managed various types of real estate funds that are diversified geographically and across various sectors. The company’s real estate opportunity funds, which refer to as the Blackstone Real Estate Partners (BREP) funds, have made significant investments in lodging, major urban office buildings, shopping centers and a variety of real estate operating companies. The BREP funds invest primarily in control-oriented, privately negotiated real estate investments and generally utilize leverage in consummating the investments they make. In addition, its real estate debt-investment funds, which refer to generally as the Blackstone Real Estate Debt Strategies (BREDS) funds, target non-controlling real estate debt-related investment opportunities in the public and private markets, primarily in the United States and Europe. In addition, the company manages Bank of America Merrill Lynch’s Asian real estate assets, as well as an investment fund targeting Asian real estate assets. The Real Estate segment consists of 110 investment professionals with offices in New York, Chicago, Los Angeles, London, Paris, Mumbai, Tokyo, Hong Kong, Singapore and Seoul. Hedge Fund Solutions The Hedge Fund Solutions segment consists of Blackstone Alternative Asset Management (BAAM), manages commingled funds of hedge funds and provides customized investment strategies and platforms through the use of hedge funds. BAAM has developed into a manager of institutional funds of hedge funds with 130 investment professionals and offices in New York, London, Hong Kong, and Sydney. Credit Businesses The Credit Businesses segment, which principally includes GSO Capital Partners LP (GSO), manages credit-oriented funds, CLOs, separately managed accounts and debt-focused closed-end registered investment companies. In January 2012, GSO acquired Harbourmaster Capital (Holdings) Limited (Harbourmaster), a European leveraged loan manager and adviser. The company’s credit-oriented businesses have 92 investment professionals and offices in New York, London and Houston. The credit-oriented funds it manages or advises include senior credit-oriented funds, distressed debt funds, mezzanine funds, and general credit-oriented funds focused on the leveraged finance marketplace. In addition, GSO manages various credit-oriented separately managed accounts and publicly registered investment companies. These vehicles have investment portfolios consists of loans and securities spread across the capital structure, including senior debt, subordinated debt, preferred stock and common equity. In January 2012, the company purchased Harbourmaster Capital (Holdings) Limited (Harbourmaster), a investment adviser of secured bank loans that is dedicated to deep, fundamental, long-term analysis of sub-investment grade corporations and investment grade infrastructure projects. Financial Advisory Segment The Financial Advisory segment consists of its financial and strategic advisory services, restructuring and reorganization advisory services and Park Hill Group, which provides fund placement services for alternative

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Price/Earnings 13.4x
Price/Sales 2.8x
Price/Book 3.2x
Price/Cash Flow 25.7x
TEV/Sales 2.7x
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