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What does Blackstone Group do?

The company was founded on 1985 by Peter G. Peterson and Stephen Schwartz Mann.

Business scope: Blackstone Group is the world's leading alternative asset management company and financial consulting service provider. Its asset management business includes corporate private equity funds, real estate investment funds, hedge funds, mezzanine funds and senior bond funds.

Self-operated hedge funds and closed-end funds. Blackstone Fund also provides various financial consulting services, including merger and acquisition consulting, restructuring and reconstruction consulting and financing services. ?

Office locations: new york, Atlanta, Chicago, Dallas, San Francisco, Boston, Los Angeles, Paris, London, Mumbai and Hong Kong.

As of May 1 day, 2007, the assets managed by Blackstone Group were about US$ 88.4 billion, much higher than US$ 14 1 day on February 3, 2006, with an average annual growth rate of 4 1. 1%.