"The Blackstone Team Inc. is a multinational exclusive equity alternative financial investment monitoring as well as financial services firm based in Midtown Manhattan, New York City City. As the biggest alternative investment firm on the planet, [4] Blackstone specializes in private equity, credit, and also hedge fund investment approaches.

Blackstone's personal equity organisation has actually been among the largest capitalists in leveraged buyouts in the last decade, while its real estate company has actively gotten business property. Because its creation, Blackstone has bought such notable firms as Hilton Worldwide, Merlin Entertainments Group, Efficiency Food Team, EQ Office, Republic Solutions, AlliedBarton, United Biscuits, Freescale Semiconductor, Vivint, and also Travelport.

Blackstone was founded in 1985 as a mergers and acquisitions company by Peter G. Peterson and also Stephen A. Schwarzman, that had formerly interacted at Lehman Brothers. In 2007, Blackstone ended up being a public business with a $4 billion IPO, becoming one of the very first significant personal equity companies to listing shares in its monitoring company on the general public stock market. Blackstone is headquartered at 345 Park Opportunity in Manhattan, with 8 additional offices in the USA, along with workplaces in Dublin, Düsseldorf, London, Luxembourg, Paris, Sydney, Tokyo, Hong Kong, Singapore, Beijing, Shanghai, Mumbai, and also Dubai.

Since 2019, the firm's complete properties under monitoring were about US$ 545 billion bucks. In April 2019, Blackstone revealed it was converting to a company from a publicly traded partnership."