Blackstone Alternative Solutions L.L.C. (New York)

Blackstone Alternative Solutions L.L.C provides portfolio management for pooled investment vehicles and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Blackstone Alternative Solutions L.L.C: assets under management

The assets under management (AUM) of Blackstone Alternative Solutions L.L.C. is $14.36 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 11193% since the beginning of its operation, and $12.79 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $14.36 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $957.05 million each.

Blackstone Alternative Solutions L.L.C has custody of $9.77 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blackstone Alternative Solutions L.L.C. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Blackstone Alternative Solutions L.L.C serves?

The only and largest group of clients of Blackstone Alternative Solutions L.L.C is pooled investment vehicles with 15 clients and $14.36 billion of assets under management. Among the 5 most similar advisory firms, Blackstone Alternative Solutions L.L.C has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $14.36 billion for 15 clients. 73% of the firm’s clients are foreign persons or businesses.

Blackstone Alternative Solutions L.L.C also advises several private funds. Namely, fourteen hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Blackstone Alternative Solutions L.L.C.

The company employs 243 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 4 indirect owners.

Based in New York

The principal office where Blackstone Alternative Solutions L.L.C. performs its advisory services is located at 345 Park Avenue, New York, NY 10154, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-583-5000 or by fax 212-583-5016. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at blackstone.com.

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