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.
BAAM, the firm’s Hedge Fund Solutions business, is founded.
The firm’s Real Estate group is formed.
Blackstone becomes the largest independent alternative asset manager.
The firm’s corporate debt group is formed.
The firm completes its IPO listing on the New York Stock Exchange under the ticker symbol BX.
GSO Capital Partners is Acquired
GSO Capital Partners is acquired, firmly positioning itself as one of the largest credit-oriented alternative asset managers.
The Blackstone Charitable Foundation is established.
Blackstone establishes strategic partnership with Patria-Banco de Negocios in Brazil.
The firm’s Tactical Opportunities business launches.
Blackstone acquires Strategic Partners, our secondary private fund of funds business.
The firm spins off its Advisory, Restructuring, and Park Hill fund placement businesses, which are combined with PJT Capital LP to form PJT Partners.