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The Blackstone Group L.P. (BX)
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Stephen A. Schwarzman
, CEO/Chairman of the Board/Director/Founder
Industry: Finance
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Overview
News
People
Financials
Company Information
Stephen A. Schwarzman, CEO/Chairman of the Board/Director/Founder
345 Park Avenue
New York, NY 10154
US
Map it 
Phone: (212) 583-5000
Fax: (212) 583-5712
Latest news from Portfolio
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The Peterson PrincipleNov 19 2008
-
Heartbreak HotelsNov 11 2008
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No Suite DealsNov 11 2008
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Blackstone Turns RedstoneNov 06 2008
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Barbarians Must WaitNov 03 2008
Overview
An alternative asset manager Company and its business include the management of corporate private equity funds, real estate opportunity funds, funds of hedge funds, mezzanine funds, senior debt vehicles, proprietary hedge funds & closed-end mutual funds.
Portfolio Articles
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The Peterson Principle
Financial meltdown. Government spending gone wild. But Pete Peterson is betting $1 billion he can close the federal deficit.Nov 19 2008 -
Heartbreak Hotels
In the last big deal of the gilded buyout era, Blackstone paid $26 billion for the Hilton empire, making C.E.O. Stephen Schwarzman the world's largest hotelier. He checked in, but as the hotel industry slumps, he can't check out.
Nov 11 2008 -
No Suite Deals
Hilton's expansion plans have stalled, leaving Blackstone Group, and U.S. taxpayers, in the lurch.
Nov 11 2008 -
Blackstone Turns Redstone
Markdowns dog Blackstone during the third quarter, but Schwarzman & Co. want to focus on the future.
Nov 06 2008 -
Barbarians Must Wait
Private equity giant K.K.R. puts off its public debut.Nov 03 2008
News Feeds
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Orthofix falls to 3Q loss on charges
AP
Nov 06 2008
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Blackstone posts loss, shares slide
Reuters
Nov 06 2008
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Blackstone 3Q loss widens due to financial crisis
AP
Nov 06 2008
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Earnings roundup: Blackstone, Anheuser-Busch
AP
Nov 06 2008
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Blackstone CEO urges common oversight: report
Reuters
Nov 04 2008
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Carlyle seen bidding for Lehman money management
Reuters
Oct 30 2008
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US-BUSINESS Summary
Reuters
Oct 29 2008
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Apria surges as sale to Blackstone closes
AP
Oct 28 2008
Portfolio Blogs
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Blackstone: We're On Top of the Stinking Pile!
Sep 17 2008
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LPs vs Shareholders at Blackstone
Sep 04 2008
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Tony James: Tellin' It Like It Is
May 15 2008
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Blackstone: Paying Normal Tax Rates
Mar 10 2008
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Blackstone Datapoint of the Day
Mar 10 2008
Press Releases
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The Blackstone Group Reports Third Quarter 2008 Results Nov-06-2008, 08:30AM EST
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Blackstone to Present at the Merrill Lynch Banking & Financial Services Investor Conference Nov-04-2008, 05:05PM EST
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Blackstone Announces Third Quarter 2008 Earnings Conference Call for the Media Oct-29-2008, 01:30PM EDT
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Blackstone Announces Third Quarter 2008 Earnings Conference Call Oct-29-2008, 08:30AM EDT
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Dividend Capital Total Realty Trust Announces Debt-Related Investment Oct-13-2008, 04:07PM EDT
News From Around the Web
News
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America's Checkup (Slate.com)Nov 21 2008
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Nov 20 2008
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A growth strategy for a Chinese state-owned enterprise: An interview with ChemChina's president (McKinsey Quarterly)Nov 20 2008
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Shop smarter for groceries: The Supermarket Guru offers tips to stretch your budget and still put food on the table. (TMCnet.com)Nov 20 2008
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For Real Estate Funds, the Question is: How Ugly Will it Get? (CoStar - Baltimore)Nov 19 2008
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Winelist: Wine events around Atlanta (CreativeLoafing.com)Nov 19 2008
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Nov 18 2008
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Child should feel free to discuss things with both parents (Lexington Herald-Leader, Kentucky)Nov 18 2008
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Blackstone Group (BX) Officer Solotar Buys 20K Shares (StreetInsider)Nov 18 2008
Blogs
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Market Up, Most PE Firms Down (PE Hub)Nov 21 2008
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Blackstone Slashes Size Of Planned Asia Fund (FINalternatives)Nov 21 2008
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Blackstone Takes A Beating (PE Hub)Nov 20 2008
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Deflation: Disaster or Just A Nice Discount? (WSJ.com: Economics Blog)Nov 20 2008
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Nov 20 2008
Employees
Number of Employees: 1,020
Revenue per Employee: $11,308,539
Top Executives
Sylvia F. Moss, Other Corporate Officer
Michael A. Puglisi, Other Corporate Officer
Laurence A. Tosi, CFO
Robert L. Friedman, Other Executive Officer
Joan Solotar, Other Corporate Officer
Hamilton E. James, COO/Director/President
Peter G. Peterson, Director/Other Corporate Officer/Founder
Board of Directors
J. Tomilson Hill, Director/Vice Chairman
William G. Parrett, Director
Hamilton E. James, COO/Director/President
Jay O. Light, Director
Richard H. Jenrette, Director
Peter G. Peterson, Director/Other Corporate Officer/Founder
The Right Honorable M. Brian Mulroney, Director
Financials
Quarterly
Annual
| Income Statement | 09/2008 | 06/2008 | 03/2008 | 11/2007 |
|---|---|---|---|---|
| Sales | NA | NA | NA | NA |
| Gross Operating Profit | -614.79 Mil. | -1.24 Bil. | -699.82 Mil. | -512.17 Mil. |
| Operating Income before D & A (EBITDA) | -614.79 Mil. | -1.24 Bil. | -699.82 Mil. | -512.17 Mil. |
| Total Income Before Interest Expenses (EBIT) | -614.79 Mil. | -1.24 Bil. | -699.82 Mil. | -512.17 Mil. |
| Total Net Income | -156.53 Mil. | -250.99 Mil. | -170 Mil. | -113.19 Mil. |
| Basic EPS, Total | -0.6 | -0.97 | -0.64 | -0.44 |
| Diluted EPS, Total | -0.6 | -0.97 | -0.64 | -0.44 |
| BALANCE STATEMENT | 09/2008 | 06/2008 | 03/2008 | 11/2007 |
|---|---|---|---|---|
| Cash and Equivalents | NA | NA | NA | NA |
| Total Assets | NA | NA | NA | NA |
| Total Liabilities | NA | NA | NA | NA |
| Total Capitalization | NA | NA | NA | NA |
| Cash Flow | 09/2008 | 06/2008 | 03/2008 | 11/2007 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | NA | NA | NA | NA |
| Net Cash From Investing Activities | -368.71 Mil. | -388.92 Mil. | -55.6 Mil. | -40.4 Mil. |
| Net Cash From Financing Activities | -499.56 Mil. | 77.71 Mil. | 1.64 Bil. | 1.61 Bil. |
| Net Change in Cash & Cash Equivalents | -650.97 Mil. | -195.96 Mil. | 739.19 Mil. | 480.75 Mil. |
| Income Statement | 2008 | 2007 |
|---|---|---|
| Sales | NA | NA |
| Gross Operating Profit | 5.74 Bil. | 8.19 Bil. |
| Operating Income before D & A (EBITDA) | 5.74 Bil. | 8.19 Bil. |
| Total Income Before Interest Expenses (EBIT) | 5.74 Bil. | 8.19 Bil. |
| Total Net Income | 1.62 Bil. | 2.27 Bil. |
| Basic EPS, Total | -1.29 | 12.33 |
| Diluted EPS, Total | -1.29 | 12.33 |
| BALANCE STATEMENT | 2008 | 2007 |
|---|---|---|
| Cash and Equivalents | NA | NA |
| Total Assets | NA | NA |
| Total Liabilities | NA | NA |
| Total Capitalization | NA | NA |
| Cash Flow | 2008 | 2007 |
|---|---|---|
| Net Cash From Continuing Operations | NA | NA |
| Net Cash From Investing Activities | -55.6 Mil. | -24.19 Mil. |
| Net Cash From Financing Activities | 1.64 Bil. | 4.46 Bil. |
| Net Change in Cash & Cash Equivalents | 739.19 Mil. | 43.03 Mil. |
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