The Blackstone Group is a global alternative asset manager, with total assets under management of US$ 336.4 billion as of December 31, 2015. The firm’s alternative asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and other multi-asset class strategies.
Historically, Blackstone provided a wide range of financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory, capital markets and fund placement services. In October 2015, however, Blackstone completed the previously-announced spin-off of these businesses, other than its capital markets services business, which was retained.
As of 2016, two of its primary limited partner constituencies are public pension and corporate funds.