Blackstone Alternative Asset Management L.P.

RIASEC RegisteredEst. 1996

Total AUM

$92B

Discretionary

$88.3B

96% of AUM

Avg account

$529M

Accounts

174

Employees

293

Advisory reps

Firm details

Headquarters: New York, New York
CRD number: 107580
Registered since: August 28, 1996
Website: www.blackstone.com
Custodians: THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION, CITCO CANADA, RBC CAPITAL MARKETS, LLC
Fee structure: Percentage of AUM, Performance Based Fees
Client types: Pooled Investment Vehicles88.44%
Other Investment Advisers4.33%
Sovereign Wealth Funds3.15%
Corporations / Businesses2.17%
Pension & Profit Sharing Plans1.91%
Services: Portfolio Management for Pooled Investment VehiclesSelection of Other Advisers

Firm profile

FINTRX

Overview

Blackstone Alternative Asset Management L.P. is a limited partnership formed in 1996 that operates as a hedge-fund manager serving institutional clients. The firm charges a mix of asset-based and performance fees and conducts business as a commodity pool operator/commodity trading advisor while providing portfolio management for pooled vehicles and selecting other advisers. It is registered with the SEC, identifies as a domestic entity/individual owner type, and is flagged as an active ESG investor. The firm’s regulatory and business footprint includes relationships across broker‑dealers, banks, insurance companies and sponsor/GP roles in pooled vehicles, reflecting both advisory and sponsor responsibilities rather than serving as a pure capital allocator. It is not a multi‑state or newly formed adviser, and pension consulting is not a stated line of business.