"The Blackstone Group Inc. is an international personal equity alternative investment management and also financial services firm based in Midtown Manhattan, New York City City. As the biggest alternate investment firm on the planet, [4] Blackstone concentrates on personal equity, credit, as well as hedge fund financial investment strategies.

Blackstone's exclusive equity organisation has been one of the biggest financiers in leveraged buyouts in the last years, while its property service has actively obtained industrial property. Because its creation, Blackstone has actually bought such notable companies as Hilton Worldwide, Merlin Entertainments Team, Efficiency Food Team, EQ Office, Republic Providers, AlliedBarton, United Biscuits, Freescale Semiconductor, Vivint, and Travelport.

Blackstone was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson as well as Stephen A. Schwarzman, that had actually formerly worked together at Lehman Brothers. In 2007, Blackstone came to be a public business with a $4 billion IPO, turning into one of the very first significant private equity firms to listing shares in its monitoring firm on the general public securities market. Blackstone is headquartered at 345 Park Opportunity in Manhattan, with 8 added workplaces in the United States, as well as offices in Dublin, Düsseldorf, London, Luxembourg, Paris, Sydney, Tokyo, Hong Kong, Singapore, Beijing, Shanghai, Mumbai, and also Dubai.

Since 2019, the business's total properties under management were roughly US$ 545 billion dollars. In April 2019, Blackstone revealed it was transforming to a company from an openly traded partnership."