Blackstone at a Glance


  • “Prestige”
  • “Quality of people; great culture”
  • “Work on the best deals with the best bankers with the best access to career progression in the industry”


  • “During high pressure situations, work must get done quickly and occasionally requires late night”
  • “The PJT spinoff created immense uncertainty at the analyst level”
  • “Sometimes we lack resources compared to larger banks”

The Buzz

  • “Where everyone wants to work”
  • “Great PE name, OK banking name”
  • “Great place to start”
  • “Incredible company; unclear how advisory spinoff will play out”

About Blackstone

Blackstone was founded as an M&A boutique in 1985 by Stephen A. Schwarzman and Peter G. Peterson, two former Lehman Brothers bankers. At Lehman, Schwarzman was the chairman of mergers and acquisitions, and Peterson was chief executive of the firm. Despite the two's top-level clout, Blackstone's early days were humble. When the firm first opened in New York City it had a startup-sized staff of three and a modest balance sheet of $400,000. However, the group of three persevered, and Blackstone completed its initial public offering in June 2007, raising over $4 billion dollars. At the time, it was the largest U.S. IPO since 2002. Today, the firm has offices across the U.S., in New York, Atlanta, Boston, Chicago, Houston, Los Angeles, San Francisco, and Menlo Park, Calif. It also has international outposts in cities such as London, Paris, Dublin, Dusseldorf, Mumbai, Dubai, Hong Kong, Beijing, Shanghai, Singapore, Sydney, Seoul and Tokyo. The firm's global headquarters remains in New York City.

As an investment and advisory firm, Blackstone says it maintains a small firm in order to give senior-level attention to investors and clients, and engages only in friendly takeovers rather than in hostile bids. The firm mainly operates in alternative asset investing, such as private equity, real estate, credit, and hedge funds, but also has a small but strong financial advisory and restructuring advisory business as well as a placement agent business. However, in October of 2014, it was announced that Blackstone would spin off its advisory business sometime in the second half of 2015. The move will enable the advisory business to pursue new growth opportunities, further strengthening its position in the market. The spinoff will include the firm's M&A, restructuring, and placement groups, which will become a publicly-traded global advisory-focused investment bank.  The firm will be led by Paul J. Taubman, who will serve as the chairman and chief executive officer. Taubman spent 30 years at Morgan Stanley and, since leaving the firm in 2012, has advised on transactions with a total value of more than $140 billion. 

Blackstone invests significant amounts of its own money into all of its investment products. The firm is a renowned market leader in private equity, real estate, credit, and hedge fund investing.  Its hedge funds solutions business is the largest player in hedge fund products, and it has one of the leading alternative credit businesses in the world. Blackstone employs about 2,250 people and is still led by one of its co-founders Stephen A. Schwarzman, who serves as Blackstone's chairman and CEO.


345 Park Avenue
New York, NY 10154
Phone: (212) 583-5000
Fax: (212) 583-5712
Vault ID: 1915


  • Employer Type: Public
  • Stock Symbol: BX
  • Stock Exchange: NYSE
  • Chairman & CEO: Stephen A. Schwarzman
  • 2015 Employees: 2,250

Major Office Locations

  • Sydney, Australia
  • Shanghai, China
  • Beijing, China
  • Los Angeles, CA
  • Menlo Park, CA
  • San Francisco, CA
  • Atlanta, GA
  • Chicago, IL
  • Boston, MA
  • New York, NY
  • Dallas, TX
  • Houston, TX
  • Singapore, Singapore
  • Dubai, United Arab Emirates
  • London, United Kingdom
  • Paris, France
  • Dusseldorf, Germany
  • Hong Kong, Hong Kong
  • Mumbai, India
  • Tokyo, Japan
  • Seoul, South Korea
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