Blackstone closes its first dedicated Energy Fund, Blackstone Energy Partners, at $2.5 billion.
Launched the Tactical Opportunities platform, which allows us to draw upon our exceptional diversity of deal flow and handpick investment opportunities that do not neatly fit any of our other funds.
Created Invitation Homes, a major effort to purchase, renovate and lease distressed single-family housing, which has invested $3 billion to restore U.S. homes, provide shelter for families and rebuild neighborhoods.
Blackstone’s portfolio companies grew employment by 4.6% whereas US job growth only grew by 1.1%.
Blackstone launches its social media platform and is noted as an industry leader in the use of this medium to convey firm news.
GSO Capital Partners agrees to acquire Harbourmaster Capital in the U.K., to become one of the largest global leveraged loan investors.
Blackstone completes the first close of its Renminbi (RMB)-denominated fund for equity growth investments in China, the Shanghai Blackstone Equity Investment Partnership (Limited Partnership).
Blackstone forms partnership with Pátria, Brazil’s leading alternative asset manager, and purchases a 40% stake in the firm, with a goal of jointly expanding business in Brazil and South America.
Blackstone Charitable Foundation launches entrepreneurship initiative to help young businesses and ignite job creation
Blackstone receives a Single ‘A’ rating from Standard and Poor's and an ‘A+’ rating from Fitch Ratings.
Blackstone signs an agreement with the Government of Pudong, China, to establish the firm’s first Renminbi-denominated Blackstone Zhonghua Development Investment Fund.
GSO Capital Partners is acquired, firmly positioning Blackstone as one of the largest credit-oriented alternative asset managers.
Further strengthening its presence in China, Blackstone opens a representative office in Beijing.
The Blackstone Charitable Foundation is established, funded by the firm’s senior managing directors.
Blackstone completes its IPO listing on the NYSE. The total offering is $7.6 billion, including a $3 billion investment by the China Investment Company (CIC). At the time, it was the largest IPO of a U.S.-based issuer since 2002.
An office is established in Tokyo, strengthening Blackstone’s presence in the Asian markets.
The Park Hill Group, a fund placement business, is established. It has since served as a placement agent for corporate private equity, real estate, venture capital and hedge funds that have raised in excess of $108 billion to date.
Blackstone opens an office in Mumbai.
The firm’s expansion continues internationally and domestically, with the opening of offices in Paris, France and Atlanta, Georgia.
Blackstone announces a strategic partnership with Pátria-Banco de Negócios to develop corporate financing solutions for the Brazilian market.
Blackstone opens its London office, establishing a physical presence after several years of investment activity in the U.K. and Europe.
The Corporate Debt group is formed and commits $1.1 billion to its first mezzanine fund.
Blackstone becomes the largest independent alternative asset manager.
Blackstone’s Real Estate group is formed and has since evolved into one of the world’s leading Real Estate investment businesses.
The Restructuring Advisory practice is formed; it has since handled restructuring assignments involving over $1 trillion in liabilities.
Blackstone Alternative Asset Management (BAAM) is founded, providing custom-tailored hedge fund solutions.
The firm launches into alternatives with Blackstone Capital Partners I, its first private equity fund.
Blackstone is founded by Stephen A. Schwarzman and Peter G. Peterson. They began with a balance sheet of $400,000 and a clear vision of an independent, conflict-free, client-focused firm whose interests would be closely aligned with those of its clients and investors.