"The Blackstone Team Inc. is an international private equity alternate investment management and monetary services company based in Midtown Manhattan, New York City. As the biggest different investment company worldwide, [4] Blackstone concentrates on private equity, credit history, as well as hedge fund financial investment methods.

Blackstone's personal equity service has actually been one of the largest capitalists in leveraged buyouts in the last decade, while its realty service has actively gotten industrial real estate. Since its beginning, Blackstone has actually purchased such significant companies as Hilton Worldwide, Merlin Entertainments Group, Performance Food Team, EQ Office, Republic Providers, AlliedBarton, United Biscuits, Freescale Semiconductor, Vivint, and also Travelport.

Blackstone was founded in 1985 as a mergings and also procurements company by Peter G. Peterson and Stephen A. Schwarzman, that had actually previously collaborated at Lehman Brothers. In 2007, Blackstone came to be a public business with a $4 billion IPO, becoming one of the very first major exclusive equity firms to list shares in its monitoring firm on the general public stock market. Blackstone is headquartered at 345 Park Opportunity in Manhattan, with 8 additional workplaces in the USA, in addition to offices in Dublin, Düsseldorf, London, Luxembourg, Paris, Sydney, Tokyo, Hong Kong, Singapore, Beijing, Shanghai, Mumbai, and Dubai.

As of 2019, the business's total assets under administration were approximately US$ 545 billion bucks. In April 2019, Blackstone disclosed it was converting to a corporation from an openly traded partnership."