Who knows Blackstone, a private equity fund ...

The Blackstone Group is different from Blackstone, Inc., the largest listed investment management company in the United States.

Blackstone Group is a leading alternative asset management and financial advisory service organization in the world. Blackstone Group is one of the largest independent alternative asset management institutions in the world and the largest listed investment management company in the United States. Its alternative asset management business includes corporate private equity funds, real estate funds, hedge fund funds, mezzanine funds, senior bond funds, private hedge funds and closed-end funds. Blackstone Group also provides various financial consulting services, including merger and acquisition consulting, reconstruction and restructuring consulting and fund-raising services.

Blackstone Group was founded in 1985 by former Lehman Brothers executives Pete Peterson and former junior Stephen Schwarzman. The company name "Blackstone" originated from Peterson, whose ancestral home is German, and the surnames of Schwarczman are embedded with the meanings of "black" in German and "stone" in Greek respectively. Headquartered in new york, USA, it has offices in Atlanta, Boston, London, Hamburg, Paris, Mumbai and Hongkong.

Blackstone Group started with four employees and US$ 4,. The first pot of gold came from SONY. Peter Peterson forged a friendship with SONY President Akio Morita in his early years. In 1985, Blackstone Group made a bid of $2 billion on behalf of SONY to acquire Columbia Records, and earned a modest first pot of gold. Prudential, an American insurance and securities giant, made a trial investment of $1 million, which made the latecomers see the potential of Blackstone. Jack Welch, President of General Electric, MetLife, Nikko Securities and several other big companies joined in one after another, thus making Blackstone take off. After more than 2 years' development, Blackstone has now developed into the top private equity investment group in the United States and the world, and its core businesses include private real estate investment, corporate debt investment, hedge funds, mutual fund management, private offering, marketable alternative assets management and investment banking consulting services. Up to now, its assets under management amount to $78.7 billion. Among them, 31.1 billion assets belong to corporate equity investment, 17.7 billion are invested in real estate market, and 29.9 billion are invested in mutual funds, hedge funds, bonds and other financial products. Blackstone Group is one of the most active private equity investment funds, and it is famous for its high return on investment. Its annual return on corporate equity investment is 22.8% (since 1987) and that on real estate business is 29.2% (since 1991). Blackstone Group's per capita profit is nine times that of Goldman Sachs, so it is called "the king of making money on Wall Street".

Unlike KKR's aggressive hostile takeover, Peterson and Schwarczman set a basic rule for the company's development in their early years: insist on not making hostile takeovers. They found that it is very important and invincible to establish friendly relations with the relevant companies in each of their single acquisition businesses by using a strong network of contacts-this has now become a symbolic strategy of Blackstone, making Blackstone a company that even rivals are willing to deal with.

as of December 31, 25, it * * * managed about $452.7 billion in assets. Blackstone manages assets on behalf of individuals and institutional investors around the world, providing a wide range of securities, fixed income, cash management and selective investment products. In addition, Blackstone also provides risk management, investment system outsourcing and financial consulting services to a growing number of institutional investors. Headquartered in new york, USA, the company provides services to customers through its offices in the United States, Europe and Asia. The employees of PNC Financial Services Group, Inc (new york Stock Exchange: PNC) and Blackstone Company own a majority stake in Blackstone Company.

Blackstone's core business is called "alternative investment fund" (also known as "alternative investment fund"), which is to invest outside the traditional public capital market such as stocks and bonds. In 26 alone, Blackstone Group raised $15.6 billion, making it the largest buy-out fund in the world. At present, Blackstone Group has a capital of 125 billion dollars, which is the fastest growing financial kingdom on Wall Street.

The latest statistics show that Blackstone Group controls 47 companies. The companies they buy and sell cover areas from manufacturing to service industry.