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Organization

Blackstone

American alternative asset manager founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson.

4 links, 3 backed by primary records

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Dates
1985 –
Also known as
The Blackstone Group, Blackstone Inc., The Blackstone Group L.P., The Blackstone Group Inc.
Over time
  1. Active 1985 –
  2. owns a stake in Blackstone Financial Management (50%, as of 1988) 1988–1994

Connections 4

founded by

invested in

  • Blackstone Financial Management 1988 Scholarship & press 2

    Schwarzman's own account. Bloomberg, citing King of Capital, describes the capital as a $5 million credit line.

owns a stake in

  • Blackstone Financial Management 1988–1994 50%, as of 1988 Primary record 13

    Blackstone took the stake for a $5 million credit line, per King of Capital as reported by Bloomberg. Its share fell to about 40% by 1989 and about 35% by 1992; Blackstone says it sold its interest in 1994.

Timeline 5 dates
  1. 1985 – Blackstone
  2. 1985 Peter G. Peterson founded Blackstone
  3. 1985 Stephen A. Schwarzman founded Blackstone
  4. 1988 Blackstone invested in Blackstone Financial Management
  5. 1988–1994 Blackstone owns a stake in Blackstone Financial Management
Proof 3 sources
  1. The Blackstone Group L.P. prospectus for its initial public offering (Form 424B4), Blackstone, 25 Jun 2007. Primary record
    strong central management by our two founders, Messrs. Schwarzman and Peterson. Mr. Schwarzman has served as our firm's Chief Executive Officer since our founding in 1985
    Mr. Schwarzman is a founder of The Blackstone Group and has been involved in all phases of the firm's development since its founding in 1985.
    We sold our interest in BlackRock Inc. in 1994.
  2. Blackstone or BlackRock? Schwarzman and Fink did it on purpose, CNBC, 22 Jun 2017. Scholarship & press
    "They used to be called Blackstone Financial," Schwarzman said. "We started in business together. We put up the initial capital."
  3. Schwarzman Says Selling BlackRock Was ‘Heroic’ Mistake, Bloomberg News, 30 Sep 2013. Scholarship & press Archived copy
    Blackstone gave Fink and his team, which included now-Evercore Partners Inc. CEO Ralph Schlosstein, a $5 million credit line in exchange for a 50 percent stake in the bond business.
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