Blackstone “Joins Forces” with White House Initiative to Hire Veterans

  Blackstone “Joins Forces” with White House Initiative to Hire Veterans

Business Wire

NEW YORK -- April 30, 2013

Blackstone (NYSE: BX) today announced it has partnered with The White House to
support veterans and military families. Led by First Lady Michelle Obama and
Dr. Jill Biden, “Joining Forces” is a national initiative to encourage private
sector hiring of America’s veterans. Blackstone plans to hire 50,000 veterans
across its portfolio of companies over the next five years.

“Veterans embody many of the skills, talents and personal attributes we look
for in employees. They have high integrity; they are collaborative,
hardworking and they are able to adapt to dynamic situations,” said Blackstone
Chairman, CEO and Co-Founder Steve Schwarzman. “Veterans are reliable,
motivated and trustworthy employees – the type of people that will help
Blackstone’s portfolio companies succeed and grow. We are proud to partner
with the President and Mrs. Obama, Vice President and Dr. Biden to do our part
to help the men and women who have served our country develop successful
careers following their military service.”

Blackstone also plans to put in place support structures, including a
management trainee program, which will help veterans transition into their new
private sector careers.

Steve Schwarzman added, “Training and mentoring can help cultivate skills and
ease the transition to civilian life. We want to help veterans build
life-sustaining careers after their service to this country has ended.”

About Blackstone:

Blackstone is one of the world’s leading investment and advisory firms. We
seek to create positive economic impact and long-term value for our investors,
the companies we invest in, the companies we advise and the broader global
economy. We do this through the commitment of our extraordinary people and
flexible capital. Our alternative asset management businesses include the
management of private equity funds, real estate funds, hedge fund solutions,
credit-focused funds and closed-end funds. Blackstone also provides various
financial advisory services, including financial and strategic advisory,
restructuring and reorganization advisory and fund placement services. Further
information is available atwww.blackstone.com. Follow us on Twitter
@Blackstone.

Contact:

Blackstone
Christine Anderson, 212-583-5182
 
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