Clients
Blackstone Alternative Credit Advisors serves 136 clients, 124 of them pooled investment vehicles. The average client has about $324 million with the firm.
- Pooled investment vehicles124 clients85%
- Insurance companies12 clients15%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 124 | $37,470,882,503 | 85.0% | $302.2M |
| Insurance companies | 12 | $6,634,585,190 | 15.0% | $552.9M |
| Total | 136 | $44,105,467,693 | 100% | $324.3M |
- Clients
- 124
- Regulatory AUM
- $37,470,882,503
- Share
- 85.0%
- Avg. per client
- $302.2M
- Clients
- 12
- Regulatory AUM
- $6,634,585,190
- Share
- 15.0%
- Avg. per client
- $552.9M
Total
- Clients
- 136
- Regulatory AUM
- $44,105,467,693
- Share
- 100%
- Avg. per client
- $324.3M
What it does
Blackstone Alternative Credit Advisors provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Blackstone Alternative Credit Advisors advises 87 private funds.
96.5% of assets ($42.57B across 127 accounts) are managed with discretion; $1.54B across 9 accounts are not. 52% of clients are outside the U.S., and 2 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks7%
- Bonds10%
- High-yield corporate bonds8%
- Investment grade corporate bonds2%
- Cash2%
- Other81%
- Loans81%
Custodians
Blackstone Alternative Credit Advisors’ client accounts are held mainly at BNP Paribas, with 7% of managed assets, and The Bank of New York Mellon, with 4%. Blackstone Alternative Credit Advisors has custody of client assets.
- The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $1.92B4%
- Citibank, National AssociationCitibank, National Association · New York, NY · $1.62B4%
- BNP ParibasBNP Paribas · Sydney · $3.07B7%
- All other custodians$37.49B85%
Ownership and leadership
Gso Holdings I L.L.C. owns 50% to 75% of Blackstone Alternative Credit Advisors.
- Owns 50% to 75% of Blackstone Alternative Credit Advisors LP
Gso Holdings I L.L.C.
Control person · since March 2008
- Owns 75% or more of Gso Holdings I L.L.C.
Blackstone Holdings II L.P.
Control person · since January 2009
- Owns 50% to 75% of Blackstone Holdings II L.P.
Blackstone Holdings I/II GP L.L.C.
Control person · since June 2007
- Owns 75% or more of Blackstone Holdings I/II GP L.L.C.
Blackstone Inc.
Control person · since June 2007
- Owns 25% to 50% of Blackstone Alternative Credit Advisors LP
Gso Capital Partners GP L.L.C.
Control person · since October 2015
- Owns 75% or more of Gso Capital Partners GP L.L.C.
Stoneco IV Corporation
Control person · since October 2015
- Owns 75% or more of Stoneco IV Corporation
Blackstone Holdings Ai L.P.
Control person · since July 2019
- Owns 50% to 75% of Blackstone Holdings Ai L.P.
Blackstone Holdings IV Limited Partner L.L.C.
Control person · since July 2026
- Owns 75% or more of Blackstone Holdings IV Limited Partner L.L.C.
Blackstone Holdings IV GP L.P.
Control person · since July 2026
- Owns 50% to 75% of Blackstone Holdings IV GP L.P.
Blackstone Holdings IV GP Limited Partner L.L.C.
Control person · since June 2007
- Owns 75% or more of Blackstone Holdings IV GP Limited Partner L.L.C.
Blackstone Holdings IV GP Management L.L.C.
Control person · since June 2007
- Owns 50% to 75% of Blackstone Holdings IV GP L.P.
Blackstone Holdings IV GP Management (delaware) L.P.
Control person · since June 2007
Leadership
- William SkinnerChief Financial Officer
- Ida HoghooghiChief Operating Officer
- Panayiota (Toula) BougiamasChief Compliance Officer
- Marisa BeeneyGeneral Counsel
- Gilles DellaertGlobal Head of Blackstone Credit and Insurance
Staff
- 753 employees
- 443 in advisory functions
- 72 broker-dealer reps
Fees
Blackstone Alternative Credit Advisors is paid through a percentage of assets under management and performance-based fees.
Blackstone Alternative Credit Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Blackstone Alternative Credit Advisors has 13 offices, with 6 listed addresses across 6 states.
California · 1 listed address
- 101 California Street, San Francisco
Florida · 1 listed address
- 2 Miamicentral, Miami
Illinois · 1 listed address
- 110 N Wacker DR, Chicago
Massachusetts · 1 listed address
- 314 Main Street, Cambridge
New York · 1 listed address
- 345 Park Avenue, 31st Floor, New YorkHQ
Texas · 1 listed address
- 1111 Bagby Street, Houston
Registration details
- Legal name
- Blackstone Alternative Credit Advisors LP
- Headquarters
- 345 Park Avenue, 31st Floor, New York, NY 10154
- Phone
- 212-503-2100
- Website
- www.blackstone.com
- SEC file
- 801-65207
- 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 Credit Advisors have?
Blackstone Alternative Credit Advisors has 136 clients and manages $44.1 billion for them, as of July 2026. They include 124 pooled investment vehicles and 12 insurance companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 July 2026
What services does Blackstone Alternative Credit Advisors offer?
Blackstone Alternative Credit Advisors provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Blackstone Alternative Credit Advisors use?
Blackstone Alternative Credit Advisors’ separately managed account assets are held at BNP Paribas (Sydney), with $3,072,507,351, The Bank of New York Mellon (New York, NY), with $1,922,709,345 and Citibank, National Association (New York, NY), with $1,621,182,214. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 July 2026
How many financial advisors does Blackstone Alternative Credit Advisors have?
Blackstone Alternative Credit Advisors has 0 investment adviser representatives registered with state securities authorities, out of 753 employees, and 443 perform investment advisory functions. 72 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 Credit Advisors invest in?
At the end of its last fiscal year, Blackstone Alternative Credit Advisors’ separately managed accounts held 81% loans, 8% high-yield corporate bonds, 7% non-exchange-traded equities, 2% investment grade corporate bonds and 2% cash and equivalents. It advises 87 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 Credit Advisors?
Blackstone Alternative Credit Advisors is owned through a chain of holding companies by Blackstone Inc., Blackstone Holdings IV GP Management L.L.C. and Blackstone Holdings IV GP Management (delaware) L.P. Its direct owners are Gso Capital Partners GP L.L.C. (25% to 50%) and Gso Holdings I L.L.C. (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 30 July 2026
How does Blackstone Alternative Credit Advisors get paid?
Blackstone Alternative Credit Advisors 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