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The Blackstone Group L.P. (BX)

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Stephen A. Schwarzman , CEO/Chairman of the Board/Director/Founder

www.blackstone.com

Industry: Finance

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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

Cutting Corners
In the middle of an economic slump, slow retail sales, and a weak dollar, some fashion designers are changing their strategies.

Sep 05 2008
Lehman Gets a Second Look
Korean bank says it is still interested. Are others?
Aug 22 2008
The Money-Go-Round
Private equity firms shell out big sums for stars and loans.
Aug 11 2008
K.K.R.'s Big Plans
The firm's planned I.P.O. won't be a huge cash-out for Henry Kravis' gang, but it could make the firm a bigger player on a weakened Wall Street.
Jul 28 2008
Blackstone Therapy Session
Explaining away the losses seems to be working.

May 15 2008

See more news on this company

News Feeds

Reshuffle in Informa takeover consortium AP
Sep 04 2008
Man accused in extortion scheme blames Blackstone Reuters
Aug 27 2008
Hedge fund group spent $600K lobbying gov't in 2Q AP
Aug 15 2008
China Haier says no plan to buy GE appliance unit AP
Aug 13 2008
Reuters Business Summary Reuters
Aug 07 2008
Blackstone starts cleantech energy group AP
Aug 07 2008

Portfolio Blogs

LPs vs Shareholders at Blackstone
Sep 04 2008
Tony James: Tellin' It Like It Is
May 15 2008
Blackstone: Paying Normal Tax Rates
Mar 10 2008

Blackstone Datapoint of the Day
Mar 10 2008
Blackstone to Banks: We Don't Need You
Feb 27 2008

Press Releases

Blackstone to Present at the Lehman Brothers Global Financial Services Conference Sep-05-2008, 11:43AM EDT
Silicon Valley Technology Banker to Join Blackstone Sep-03-2008, 09:00AM EDT
Blackstone Establishes Cleantech Energy Group Aug-07-2008, 09:00AM EDT
The Blackstone Group Reports Second Quarter 2008 Earnings Aug-06-2008, 08:30AM EDT
Private Equity Heavyweights Detail Impact of Recession, Globalization & Politics at Dow Jones' 15th Annual Private Equity Analyst Conference Aug-05-2008, 09:00AM EDT

News From Around the Web

News

Calstrs to Invest Less in Blackstone Fund (Wall Street Journal)

Sep 05 2008
Blackstone, KKR may buy Lehman assets: report (MarketWatch)

Sep 05 2008
Blackstone to Present at the Lehman Brothers Global Financial (MSN Money)

Sep 05 2008
Blackstone to Present at the Lehman Brothers Global Financial Services Conference (Yahoo! Finance)

Sep 05 2008
Blackstone, KKR eye Lehman Brothers assets: source (Reuters UK)

Sep 05 2008
CanalFest '08 (Worcester Telegram & Gazette)

Sep 05 2008
CalSTRS slashes Blackstone fund stake (Daily Telegraph, UK)

Sep 04 2008
GPs vs. LPs vs. shareholders (FierceFinance)

Sep 04 2008
Calstrs will invest less in new Blankstone fund: report (Reuters)

Sep 04 2008
Informa bid consortium says Blackstone joins (Reuters)

Sep 04 2008

Blogs

Calstrs pushes back on Blackstone (Blogging Stocks)

Sep 05 2008
Today In Lehman Brothers: Blackstone & KKR Looking To Buy Assets (DealBreaker.com)

Sep 05 2008
Informa Rejects Lower Takeover Offer, Wants More Money (Paid Content)

Sep 05 2008
CalSTRS Cuts Blackstone Back — Is a Power Shift Underway? (PE Hub)

Sep 05 2008
Links for 2008-09-04 [del.icio.us] (Maoxian)

Sep 05 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

Lord Rothschild, Director

William G. Parrett, Director

Hamilton E. James, COO/Director/President

Peter G. Peterson, Director/Other Corporate Officer/Founder

Richard H. Jenrette, Director

The Right Honorable M. Brian Mulroney, Director

Financials

Quarterly

Annual

Income Statement	06/2008	03/2008	11/2007	08/2007
Sales	NA	NA	NA	NA
Gross Operating Profit	-1.24 Bil.	-699.82 Mil.	-512.17 Mil.	1.16 Bil.
Operating Income before D & A (EBITDA)	-1.24 Bil.	-699.82 Mil.	-512.17 Mil.	1.16 Bil.
Total Income Before Interest Expenses (EBIT)	-1.24 Bil.	-699.82 Mil.	-512.17 Mil.	1.16 Bil.
Total Net Income	-250.99 Mil.	-170 Mil.	-113.19 Mil.	774.35 Mil.
Basic EPS, Total	-0.97	-0.64	-0.44	3.01
Diluted EPS, Total	-0.97	-0.64	-0.44	3.01

BALANCE STATEMENT	06/2008	03/2008	11/2007	08/2007
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	06/2008	03/2008	11/2007	08/2007
Net Cash From Continuing Operations	NA	NA	NA	NA
Net Cash From Investing Activities	-388.92 Mil.	-55.6 Mil.	-40.4 Mil.	-37.81 Mil.
Net Cash From Financing Activities	77.71 Mil.	1.64 Bil.	1.61 Bil.	670.51 Mil.
Net Change in Cash & Cash Equivalents	-195.96 Mil.	739.19 Mil.	480.75 Mil.	1.3 Bil.

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.

The Blackstone Group L.P. (BX)

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