Clients
Blackstone Alternative Asset Management serves 181 clients, 159 of them pooled investment vehicles. The average client has about $508 million with the firm.
- Pooled investment vehicles159 clients88%
- Other investment advisers2 clients4%
- Sovereign wealth funds and foreign official institutions7 clients3%
- Corporations and other businesses1 clients2%
- Pension and profit-sharing plans10 clients2%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 159 | $81,396,660,015 | 88.4% | $511.9M |
| Pension and profit-sharing plans | 10 | $1,759,733,084 | 1.9% | $176.0M |
| State or municipal government entities | 1 | $0 | 0.0% | $0 |
| Other investment advisers | 2 | $3,987,683,762 | 4.3% | $1.99B |
| Insurance companies | 1 | $0 | 0.0% | $0 |
| Sovereign wealth funds and foreign official institutions | 7 | $2,897,541,394 | 3.1% | $413.9M |
| Corporations and other businesses | 1 | $1,996,300,108 | 2.2% | $2.00B |
| Total | 181 | $92,037,918,363 | 100% | $508.5M |
- Clients
- 159
- Regulatory AUM
- $81,396,660,015
- Share
- 88.4%
- Avg. per client
- $511.9M
- Clients
- 10
- Regulatory AUM
- $1,759,733,084
- Share
- 1.9%
- Avg. per client
- $176.0M
- Clients
- 1
- Regulatory AUM
- $0
- Share
- 0.0%
- Avg. per client
- $0
- Clients
- 2
- Regulatory AUM
- $3,987,683,762
- Share
- 4.3%
- Avg. per client
- $1.99B
- Clients
- 1
- Regulatory AUM
- $0
- Share
- 0.0%
- Avg. per client
- $0
- Clients
- 7
- Regulatory AUM
- $2,897,541,394
- Share
- 3.1%
- Avg. per client
- $413.9M
- Clients
- 1
- Regulatory AUM
- $1,996,300,108
- Share
- 2.2%
- Avg. per client
- $2.00B
Total
- Clients
- 181
- Regulatory AUM
- $92,037,918,363
- Share
- 100%
- Avg. per client
- $508.5M
What it does
Blackstone Alternative Asset Management provides portfolio management for pooled vehicles and selecting other managers. It is paid through a percentage of assets and performance-based fees.
Blackstone Alternative Asset Management advises 110 private funds.
95.9% of assets ($88.27B across 173 accounts) are managed with discretion; $3.77B across 1 account is not. 76% of clients are outside the U.S., and 7 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks8%
- Exchange-traded equities4%
- Non-exchange-traded equities4%
- Funds82%
- Bonds1%
- Cash3%
- Other5%
- Derivatives4%
- Other includes cash and receivables/payables.1%
Filed values cover 99%. The neutral 1% gap has no reported category.
Custodians
Blackstone Alternative Asset Management’s client accounts are held mainly at Northern Trust, with 2% of managed assets, and Citco Canada, with 2%. Blackstone Alternative Asset Management has custody of $39.07B for 83 clients.
- Northern TrustNorthern Trust Corporation · Chicago, IL · $2.20B2%
- Citco CanadaCitco Canada · Toronto · $2.00B2%
- RBCRBC · Toronto · $1.43B2%
- All other custodians$86.41B94%
Ownership and leadership
Blackstone Holdings I - Sub (baam) GP L.L.C. owns 75% or more of Blackstone Alternative Asset Management.
- Owns 75% or more of Blackstone Alternative Asset Management L.P.
Blackstone Holdings I - Sub (baam) GP L.L.C.
Control person · since March 2008
- Owns 75% or more of Blackstone Holdings I - Sub (baam) GP L.L.C.
Blackstone Intermediary Holdco L.L.C.
Control person · since July 2011
- Owns 75% or more of Blackstone Intermediary Holdco L.L.C.
Blackstone Securities Partners L.P.
Control person · since July 2011
- Owns 75% or more of Blackstone Securities Partners L.P.
Blackstone Group Holdings L.P.
Control person · since July 2011
- Owns 75% or more of Blackstone Group Holdings L.P.
Blackstone Holdings I L.P.
Control person · since June 2007
Blackstone Holdings I/II GP LLC
General partner · Control person · since June 2007
- Owns 75% or more of Blackstone Holdings I/II GP LLC
Blackstone Inc.
Control person · since June 2007
Leadership
- Brian GavinChief Operating Officer of Blackstone Alternative Asset Management L.P.
- Neil SchwartzChief Compliance Officer of Blackstone Alternative Asset Management L.P.
- Joseph DowlingGlobal Head of Blackstone Alternative Asset Management L.P.
- Stephen OconnorGeneral Counsel of Blackstone Alternative Asset Management L.P.
Staff
- 293 employees
- 111 in advisory functions
- 14 broker-dealer reps
Fees
Blackstone Alternative Asset Management is paid through a percentage of assets under management and performance-based fees.
Blackstone Alternative Asset Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Blackstone Alternative Asset Management has 6 offices, with 4 listed addresses across 4 states.
District of Columbia · 1 listed address
- 1301 Pennsylvania Avenue, Suite 520, Washington
Florida · 1 listed address
- 700 NW 1st Ave 33136, Miami
New York · 1 listed address
- 345 Park Ave, New YorkHQ
Tennessee · 1 listed address
- 1600 West End Avenue Suite 1350, Nashville
Registration details
- Legal name
- Blackstone Alternative Asset Management L.P.
- Headquarters
- 345 Park Ave, New York, NY 10154
- Phone
- 212-583-5000
- Website
- blackstone.com
- SEC file
- 801-52559
- Structure
- Delaware limited partnership
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Blackstone Alternative Asset Management have?
Blackstone Alternative Asset Management has 181 clients and manages $92 billion for them, as of August 2026. They include 159 pooled investment vehicles, 10 pension and profit-sharing plans and 7 sovereign wealth funds and foreign official institutions.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 August 2026
What services does Blackstone Alternative Asset Management offer?
Blackstone Alternative Asset Management provides portfolio management for pooled vehicles and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Blackstone Alternative Asset Management use?
Blackstone Alternative Asset Management’s separately managed account assets are held at Northern Trust Corporation (Chicago, IL), with $2,198,577,168, Citco Canada (Toronto), with $1,996,300,108 and RBC (Toronto), with $1,429,043,676. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 August 2026
How many financial advisors does Blackstone Alternative Asset Management have?
Blackstone Alternative Asset Management has 0 investment adviser representatives registered with state securities authorities, out of 293 employees, and 111 perform investment advisory functions. 14 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Blackstone Alternative Asset Management invest in?
At the end of its last fiscal year, Blackstone Alternative Asset Management’s separately managed accounts held 82% pooled vehicles (private funds and similar), 4% exchange-traded equities, 4% non-exchange-traded equities, 4% derivatives, 3% cash and equivalents, 1% high-yield corporate bonds and 1% other includes cash and receivables/payables.. It advises 110 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Blackstone Alternative Asset Management?
Blackstone Alternative Asset Management is owned through a chain of holding companies by Blackstone Inc. Its direct owner is Blackstone Holdings I - Sub (baam) GP L.L.C. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 4 August 2026
How does Blackstone Alternative Asset Management get paid?
Blackstone Alternative Asset Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file