Clients
Blackstone Liquid Credit Strategies serves 43 clients, 37 of them pooled investment vehicles. The average client has about $437 million with the firm.
- High-net-worth individuals10%
- Investment companies6 clients46%
- Pooled investment vehicles37 clients41%
- OtherCharitable organizations, Insurance companies2%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | Not reported | $1,920,964,759 | 10.2% | — |
| Investment companies | 6 | $8,664,605,697 | 46.1% | $1.44B |
| Pooled investment vehicles | 37 | $7,768,312,736 | 41.4% | $210.0M |
| Charitable organizations | Not reported | $156,216,527 | 0.8% | — |
| Insurance companies | Not reported | $275,333,079 | 1.5% | — |
| Total | 43 | $18,785,432,798 | 100% | $436.9M |
- Clients
- Not reported
- Regulatory AUM
- $1,920,964,759
- Share
- 10.2%
- Avg. per client
- —
- Clients
- 6
- Regulatory AUM
- $8,664,605,697
- Share
- 46.1%
- Avg. per client
- $1.44B
- Clients
- 37
- Regulatory AUM
- $7,768,312,736
- Share
- 41.4%
- Avg. per client
- $210.0M
- Clients
- Not reported
- Regulatory AUM
- $156,216,527
- Share
- 0.8%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $275,333,079
- Share
- 1.5%
- Avg. per client
- —
Total
- Clients
- 43
- Regulatory AUM
- $18,785,432,798
- Share
- 100%
- Avg. per client
- $436.9M
What it does
Blackstone Liquid Credit Strategies provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Blackstone Liquid Credit Strategies advises 24 private funds.
100.0% of assets ($18.79B across 47 accounts) are managed with discretion. 70% of clients are outside the U.S., and 5 clients received advice without assets under management last fiscal year.
What the accounts hold
The filed percentages total 101%. The values below are shown as filed.
- U.S. government/agency bonds
- 1%
- Investment grade corporate bonds
- 2%
- Non-investment grade corporate bonds
- 3%
- Other (Loans)
- 95%
Custodians
Blackstone Liquid Credit Strategies’ client accounts are held mainly at The Bank of New York Mellon, with 2% of managed assets. Blackstone Liquid Credit Strategies has custody of client assets.
- The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $431.5M2%
- All other custodians$18.35B98%
Ownership and leadership
Blackstone Alternative Credit Advisors LP owns 75% or more of Blackstone Liquid Credit Strategies.
- Owns 75% or more of Blackstone Liquid Credit Strategies LLC
Blackstone Alternative Credit Advisors LP
Control person · since July 2007
- 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 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 I/II GP L.L.C.
Control person · since September 2015
- Owns 75% or more of Blackstone Holdings I/II GP L.L.C.
Blackstone Inc.
Control person · since June 2007
- 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
- 711 employees
- 408 in advisory functions
- 72 broker-dealer reps
- 2 soliciting firms
Fees
Blackstone Liquid Credit Strategies is paid through a percentage of assets under management and performance-based fees.
Blackstone Liquid Credit Strategies’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Blackstone Liquid Credit Strategies has 5 offices, with 3 listed addresses across 3 states.
California · 1 listed address
- 101 California Street, San Francisco
District of Columbia · 1 listed address
- 1301 Pennsylvania Ave, Washington
New York · 1 listed address
- 345 Park Avenue, 31st Floor, New YorkHQ
Registration details
- Legal name
- Blackstone Liquid Credit Strategies LLC
- Headquarters
- 345 Park Avenue, 31st Floor, New York, NY 10154
- Phone
- 212-503-2100
- Website
- www.blackstone.com
- SEC file
- 801-68243
- Structure
- Delaware LLC
- 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 Liquid Credit Strategies have?
Blackstone Liquid Credit Strategies has 43 clients and manages $18.8 billion for them, as of July 2026. They include 37 pooled investment vehicles and 6 investment companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 July 2026
What services does Blackstone Liquid Credit Strategies offer?
Blackstone Liquid Credit Strategies provides portfolio management for investment companies, 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 Liquid Credit Strategies use?
Blackstone Liquid Credit Strategies’ separately managed account assets are held at The Bank of New York Mellon (New York, NY), with $431,549,606. 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 Liquid Credit Strategies have?
Blackstone Liquid Credit Strategies has 0 investment adviser representatives registered with state securities authorities, out of 711 employees, and 408 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 Liquid Credit Strategies invest in?
At the end of its last fiscal year, Blackstone Liquid Credit Strategies’ separately managed accounts held 95% loans, 3% high-yield corporate bonds, 2% investment grade corporate bonds and 1% U.S. government and agency bonds. It advises 24 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 Liquid Credit Strategies?
Blackstone Liquid Credit Strategies is owned through a chain of holding companies by Blackstone Inc., Blackstone Holdings II L.P., Blackstone Holdings IV GP Management L.L.C. and Blackstone Holdings IV GP Management (delaware) L.P. Its direct owner is Blackstone Alternative Credit Advisors LP (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 July 2026
How does Blackstone Liquid Credit Strategies get paid?
Blackstone Liquid Credit Strategies 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