September 28, 2016 8:28 PM ET

Capital Markets

Company Overview of Blackstone Alternative Asset Management L.P.

Company Overview

Blackstone Alternative Asset Management provides its services to pension and profit sharing plans; pooled investment vehicles; institutional investors, represented by corporate and public pension investors, and insurance, corporate, foundation, and endowment funds. It manages fund of funds that invests in hedge fund managers through several multi-manager programs. The firm also makes private equity investments. The firm invests in the public equity and hedging markets. It employs qualitative and quantitative analysis with a bottom-up approach to make its investments. Blackstone Alternative Asset Management was founded in 1990 and is based in New York, New York with additional offices in Lon...

345 Park Avenue

New York, NY 10154

United States

Founded in 1990

Phone:

212-583-5000

Fax:

212-583-5016

Key Executives for Blackstone Alternative Asset Management L.P.

President, Chief Executive Officer, and Member of Advisory Board
Age: 68
Chief Operating Officer, Senior Managing Director, and Member of Investment Committee
Age: 47
Chief Risk Officer
Chief Investment Strategist
Age: 69
Managing Director in Fund of Hedge Funds Business
Compensation as of Fiscal Year 2016.

Blackstone Alternative Asset Management L.P. Key Developments

Blackstone Eyes Stake In Assets Of Alecta

The Blackstone Group L.P is planning to acquire the real estate assets in the US from Alecta Pensionsförsäkring, ömsesidigt for approximately $1,800 million.

Reliance Infrastructure In Advanced Talks To sell Cement Unit

Reliance Infrastructure Ltd (BSE:500390) is in advanced talks to sell its cement business for INR 26 billion ($394 million) and a deal could be announced as soon as this week, said a source with direct knowledge of the matter. Under the terms of the deal, the buyer would also take over the cement unit's outstanding debt of INR 24 billion, giving the business an enterprise value of INR 50 billion, the source told Reuters, declining to be identified ahead of a public announcement. A consortium, which includes some private equity firms, is likely to emerge as the successful bidder for the unit, said the source, adding seven bidders had been shortlisted earlier and that the sale proceeds would be used to pare the group's debt. Bloomberg earlier reported, citing people familiar with the matter, that Reliance Infrastructure was in talks with cement makers as well as private equity firms including The Blackstone Group L.P. (NYSE:BX) and The Carlyle Group LP (NasdaqGS:CG) for the sale. Blackstone and Carlyle declined to comment when contacted by Reuters. A spokesman for the Reliance Group declined to comment.

Columbia Management Signs Strategic Deal with Blackstone Alternative Asset Management

Columbia Management, a division of Ameriprise Financial announced that it has signed a letter of intent with Blackstone Alternative Asset Management to research and develop investment solutions that leverage Columbia's' asset management capabilities and Blackstone's hedge fund business. Financial terms were not disclosed. The deal, Columbia has considerable experience in asset allocation and alternative investing, as well as expertise in equity and fixed income investment management.

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