Blackstone Alternative Solutions L.L.C. (New York)
Blackstone Alternative Solutions L.L.C. is a large advisory firm based in New York. It manages $14.36 billion of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2011.
Blackstone Alternative Solutions L.L.C provides portfolio management for pooled investment vehicles and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Blackstone Alternative Solutions L.L.C: assets under management
The assets under management (AUM) of Blackstone Alternative Solutions L.L.C. is $14.36 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 11193% since the beginning of its operation, and $12.79 billion of the total AUM is attributable to clients outside of the United States.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Blackstone Alternative Solutions L.L.C. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Blackstone Alternative Solutions L.L.C serves?
The only and largest group of clients of Blackstone Alternative Solutions L.L.C is pooled investment vehicles with 15 clients and $14.36 billion of assets under management. Among the 5 most similar advisory firms, Blackstone Alternative Solutions L.L.C has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $14.36 billion for 15 clients. 73% of the firm’s clients are foreign persons or businesses.
Blackstone Alternative Solutions L.L.C also advises several private funds. Namely, fourteen hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.
Careers at Blackstone Alternative Solutions L.L.C.
The company employs 243 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 4 indirect owners.Based in New York
The principal office where Blackstone Alternative Solutions L.L.C. performs its advisory services is located at 345 Park Avenue, New York, NY 10154, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-583-5000 or by fax 212-583-5016. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at blackstone.com.
Registered investment advisers similar to Blackstone Alternative Solutions L.L.C.
- Montag & Caldwell
- International Value Advisers
- Ivy Asset Management Corp
- The Rock Creek Group
- Gartmore Morley Capital Management
- World Asset Management, A Division Of Munder Capital Management
- World Asset Management
- Nationwide Asset Management
- First Union Securities
- Tfg Asset Management
- Main Street Capital Advisors
- Robeco Usa
- Timessquare Capital Management
- Pimco Funds Advisors
- Mtb Investment Advisors