Stephen Schwarzman became a billionaire by managing money for other people. Dissatisfied by the level of transparency offered by the stock market, Schwarzman co-founded The Blackstone Group, a private equity firm, in the mid-1980s. Today, Blackstone is one of the world's largest alternative asset managers.
What company owns Blackstone?
Blackstone Headquarters at 345 Park Avenue
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Subsidiaries
Website
Is Bcred a BDC?
Blackstone Private Credit Fund (“BCRED”) is a non-exchange traded business development company (“BDC”) that expects to invest at least 80% of its total assets (net assets plus borrowings for investment purposes) in private credit investments (loans, bonds and other credit instruments that are issued in private
What is a secured lending fund?
Share. In a secured loan, the lender has a legal claim against a borrower's assets. If the borrower defaults, the lender can convert the assets to cash to be repaid. The assets in a secured loan are referred to as collateral.
Does Blackstone own GSO?
Type Subsidiary
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AUM US$149 billion (Q1 2021)
Number of employees 340
Parent The Blackstone Group
Website Official website
Which companies are owned by Blackstone?
Blackstone's most notable real estate investments have included EQ Office, Hilton Worldwide, Trizec Properties, Center Parcs UK, La Quinta Inns & Suites, Motel 6, Wyndham Worldwide, Southern Cross Healthcare and Vicinity Centres.
How many portfolio companies Does Blackstone have?
Scale & Network. Blackstone's portfolio spans 200+ companies with approximately half a million employees.
Is Blackstone a BDC?
Blackstone Secured Lending (NYSE: BXSL) is a business development company (BDC) that primarily invests in the first lien senior secured debt of private U.S. companies.
What is a private credit fund?
Broadly defined, a private credit fund targets the ownership of higher yielding corporate, physical (excluding real estate), or financial assets held within a private “lock-up” fund partnership structure. These funds offer the prospect of larger gains and often have normally distributed to positively skewed portfolios.
What does a senior managing director at Blackstone make?
When factoring in bonuses and additional compensation, a Managing Director at The Blackstone Group can expect to make an average total pay of US$570,674 per year.Dec 7, 2021