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‹ Blackstone Financial Management

Who is behind Blackstone Financial Management?

Also known as Blackstone Financial Management L.P., Blackstone Financial Management LP, Blackstone Financial

Shows documented founders, leaders, board members, funders and owners.

Not who made decisions, or why.

3 links · 1988 – Jul 1992

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A connection is not evidence of wrongdoing.

Over time
  1. Owners Blackstone (50%, as of 1988) 1988–1994

On the record

Sourced links that no one presents as their own account, as recorded so far. Others may exist.

Founded by

  • Larry Fink founded 1988 co-founder Scholarship & press 1

    BlackRock dates its own founding to 1988, by Fink and seven partners.

Money in

  • Blackstone invested in 1988 Scholarship & press 2

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

Owners

  • Blackstone owns a stake in 1988–1994 50%, as of 1988 Primary record 34

    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.

Going further

Proof 4 sources
  1. BlackRock, Inc., International Directory of Company Histories (Gale), via Encyclopedia.com. Scholarship & press
    BlackRock's origins can be traced to 1988, when Blackstone Financial Management LP was formed by Laurence D. (Larry) Fink and a group of seven colleagues.
  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.
  4. The Blackstone Group L.P. prospectus for its initial public offering (Form 424B4), Blackstone, 25 Jun 2007. Primary record
    We sold our interest in BlackRock Inc. in 1994.
How this answer is built

Lines on the record come first: sourced links that no one presents as their own account, each with its strongest source. Then every account recorded here gets its own column, A to Z, none ranked above another. A column quotes only that account's own words and shows the strength of its own sources. Disputed lines are listed apart, with the reason, and lines still being verified come last. Neither is counted. Withdrawn lines are never shown.

When a list is longer than the page shows, the links the public methodology ranks strongest stay (methodology 0.3), and the rest open in the explorer.

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