Blackstone Blog
 
12

Sep

2011

The following op-ed by Mr. Schwarzman ran in the (more...)
15

Aug

2011

A tradition that started in Blackstone's Hedge Fund Solutions Group (BAAM) four years ago was extended to the entire firm this year with great success. Blackstone employees across all business units partnered with First Day New York to sponsor 150 New York City students with backpacks, first day of school outfits and school supplies. BAAM sponsored 20 students in their first year, and with the support of the entire firm, that number has grown significantly to 150. According to First Day New York, Blackstone remains the leading sponsor for providing backpacks to at-risk children living in New York City. (more...)
14

Jul

2011

Within the first nine months of implementation, The Blackstone Launchpad program has enrolled more than 300 students and has created a network of 30 coaches to support, guide, and encourage budding entrepreneurs. Of those 300 students, 110 have completed initial venture proposals. Modeled after the successful LaunchPad program at the University of Miami, The Blackstone Charitable Foundation developed and funded two new LaunchPad programs in Detroit at Wayne State University and Walsh College. The programs started at the schools in September of 2010. (more...)
29

Jun

2011

With continued support from the Blackstone Charitable Foundation, Eagle Academy Scholars pass and excel in the 2011 New York State Regents exams. Since 2009, Blackstone employees have worked with the students, administrators and teachers of Eagle Academy in Brownsville, Brooklyn, a school committed to educating young men from low-income neighborhoods to be “globally conscious and globally competitive.” Our commitment includes mentoring students, teaching weekend classes, and providing professional development training. (more...)
28

Jun

2011

Today, on behalf of our investors, we closed on the $9 billion acquisition of Centro Properties’ U.S. assets and platform. Centro is the second largest owner of community and neighborhood shopping centers in the U.S. and a leader in redevelopment. Assets include 585 community and neighborhood shopping centers and related retail assets with an aggregate of 92.1 million square feet across 39 states. (more...)
27

Jun

2011

Q: You mentioned levers that drive performance.  Can you expand on that and maybe give some examples?

A:  Let’s start with revenue growth, which can come from competitive pricing, optimizing marketing expenditures, improvements in sales force productivity, and identifying new market segments and revenue sources.  There is also a big opportunity to help these organizations expand globally. Growth in developing and emerging markets, where Blackstone already has experience and connections,  represents a big growth opportunity in many of these companies.

First, we do a diagnostic analysis and then dive deeply into the customer facing processes and operations, doing customer research, competitive analysis, and sales force ride-alongs to ensure that we understand the drivers of the business. (more...)
23

Jun

2011

Q:  James, in 2010 75% of the companies Blackstone owns on behalf of its investors grew EBITDA and hired approximately 20,000 people.  What made that possible?

A: In early 2007, we took the position that the economy seemed over heated. We then carefully worked with the management teams of the companies we owned on behalf of investors to prepare for and weather the economic downturn. (more...)
22

Jun

2011

Blackstone employees raised more than $932,000 for the 2011 United Way Campaign, bringing the total amount raised by the firm to nearly $4 million since 2001. This year’s record -setting gift was made possible by 100% participation from the firm’s senior managing directors and almost 90% participation from employees in our New York office. (more...)
15

Jun

2011

On June 5th the Blackstone Bike Team completed a 100-mile bike ride around Lake Tahoe in support of the Leukemia and Lymphoma Society.  The 2011 Blackstone Bike Team raised $237,000 for the Leukemia and Lymphoma Society (LLS) bringing the total raised by the firm and its employees since 2008 to over $1,200,000. This year, Team Blackstone was once again the #1 corporate fund raising team and the the largest cycling team. (more...)
02

Jun

2011

A UK news report that appeared on former Blackstone portfolio company Southern Cross was inaccurate and misleading. (more...)
 

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