{"url":"https://nivawealth.com/firms/blackstone-alternative-asset-management-107580","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/107580","regulatoryAum":92037918363,"crd":"107580","secFileNumber":"801-52559","legalName":"Blackstone Alternative Asset Management L.P.","displayName":"Blackstone Alternative Asset Management","website":"https://blackstone.com","founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"345 Park Ave","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10154"},"tradeNames":[],"registration":{"secApproved":"28 August 1996","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":293,"advisory":111,"brokerDealerReps":14,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":88270075436,"discretionaryAccounts":173,"nonDiscretionary":3767842927,"nonDiscretionaryAccounts":1,"wrapProgram":null,"nonUsClientsPct":76,"nonAumClients":7},"clientTypes":[{"label":"Pooled investment vehicles","clients":159,"regulatoryAum":81396660015},{"label":"Pension and profit-sharing plans","clients":10,"regulatoryAum":1759733084},{"label":"State or municipal government entities","clients":1,"regulatoryAum":0},{"label":"Other investment advisers","clients":2,"regulatoryAum":3987683762},{"label":"Insurance companies","clients":1,"regulatoryAum":0},{"label":"Sovereign wealth funds and foreign official institutions","clients":7,"regulatoryAum":2897541394},{"label":"Corporations and other businesses","clients":1,"regulatoryAum":1996300108}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Northern Trust Corporation","shortName":"Northern Trust","location":"Chicago, IL","smaAssets":2198577168},{"name":"Citco Canada","shortName":"Citco Canada","location":"Toronto","smaAssets":1996300108},{"name":"RBC","shortName":"RBC","location":"Toronto","smaAssets":1429043676}],"custodyNote":"Blackstone Alternative Asset Management has custody of $39.07B for 83 clients.","otherCustodians":[],"leadership":[{"name":"Brian Gavin","title":"Chief Operating Officer of Blackstone Alternative Asset Management L.P.","crd":"5656422"},{"name":"Neil Schwartz","title":"Chief Compliance Officer of Blackstone Alternative Asset Management L.P.","crd":"5205788"},{"name":"Joseph Dowling","title":"Global Head of Blackstone Alternative Asset Management L.P.","crd":"1383921"},{"name":"Stephen Oconnor","title":"General Counsel of Blackstone Alternative Asset Management L.P.","crd":"6174908"}],"ownership":[{"label":"Blackstone Holdings I - Sub (baam) GP L.L.C.","detail":"General partner in the 75% or more ownership band and a control person, since March 2008."},{"label":"Blackstone Holdings I L.P.","detail":"Indirect owner: a limited partner of Blackstone Group Holdings L.P. in the 75% or more band and a control person, since June 2007.","parent":"Blackstone Group Holdings L.P."},{"label":"Blackstone Intermediary Holdco L.L.C.","detail":"Indirect owner: a sole member of Blackstone Holdings I - Sub (baam) GP L.L.C. in the 75% or more band and a control person, since July 2011.","parent":"Blackstone Holdings I - Sub (baam) GP L.L.C."},{"label":"Blackstone Securities Partners L.P.","detail":"Indirect owner: a sole member of Blackstone Intermediary Holdco L.L.C. in the 75% or more band and a control person, since July 2011.","parent":"Blackstone Intermediary Holdco L.L.C."},{"label":"Blackstone Group Holdings L.P.","detail":"Indirect owner: a limited partner of Blackstone Securities Partners L.P. in the 75% or more band and a control person, since July 2011.","parent":"Blackstone Securities Partners L.P."},{"label":"Blackstone Holdings I/II GP LLC","detail":"Indirect owner: general partner of Blackstone Holdings I L.P. and a control person, since June 2007.","parent":"Blackstone Holdings I L.P."},{"label":"Blackstone Inc.","detail":"Indirect owner: a sole member of Blackstone Holdings I/II GP LLC in the 75% or more band and a control person, since June 2007.","parent":"Blackstone Holdings I/II GP LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":6,"privateResidences":0},"listedOfficeAddresses":4,"officesByState":[{"state":"District of Columbia","offices":1,"addresses":[{"street":"1301 Pennsylvania Avenue, Suite 520","city":"Washington"}]},{"state":"Florida","offices":1,"addresses":[{"street":"700 NW 1st Ave 33136","city":"Miami"}]},{"state":"New York","offices":1,"addresses":[{"street":"345 Park Ave","city":"New York","headquarters":true}]},{"state":"Tennessee","offices":1,"addresses":[{"street":"1600 West End Avenue Suite 1350","city":"Nashville"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-583-5000","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":4},{"label":"Non-exchange-traded equity securities","percent":4},{"label":"Non-investment grade corporate bonds","percent":1},{"label":"Derivatives","percent":4},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":82},{"label":"Cash and cash equivalents","percent":3},{"label":"Other","percent":1,"detail":"Other Includes Cash and Receivables/Payables."}],"privateFunds":110},"sources":{"adv1FilingDate":"4 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/107580/PDF/107580.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Blackstone Alternative Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Blackstone Alternative Asset Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Blackstone Alternative Asset Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Blackstone Alternative Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Blackstone Alternative Asset Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Blackstone Alternative Asset Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Blackstone Alternative Asset Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}