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Adviser Profile

As of Date 05/01/2024
Adviser Type - Large advisory firm
Number of Employees 236 26.88%
of those in investment advisory functions 184 0.55%
Registration SEC, Approved, 10/07/2005

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
123B 105B 88B 70B 53B 35B 18B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count33 GAV$124,616,124,100

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Brochure Summary

Overview

BMP is a Delaware limited liability company. BMP provides investment advisory services to (i) Blackstone Capital Partners V L.P., BCP V-S L.P., Blackstone Capital Partners V-AC L.P. and any parallel or alternative investment vehicles relating to them (collectively, “BCP V”), (ii) Blackstone Capital Partners VI L.P. and any parallel or alternative investment vehicles relating to it (collectively, “BCP VI”), (iii) Blackstone Capital Partners VII L.P., Blackstone Capital Partners VII.2 L.P. and any parallel or alternative investment vehicles relating to them (collectively, “BCP VII”), (iv) Blackstone Capital Partners VIII L.P., Blackstone Capital Partners VIII (Ontario) L.P., Blackstone Capital Partners VIII (Lux) SCSp and any parallel or alternative investment vehicles relating to them (collectively, “BCP VIII”), (v) Blackstone Capital Partners Asia L.P., Blackstone Capital Partners Asia (Lux) SCSp and any parallel or alternative investment vehicles relating to them (collectively, “BCP Asia I”), and Blackstone Capital Partners Asia II L.P., Blackstone Capital Partners Asia II (Lux) SCSp and any parallel or alternative investment vehicles relating to them (collectively, “BCP Asia II”, and together with BCP Asia I, “BCP Asia”) and anticipates providing investment advisory services once the investment period starts to Blackstone Capital Partners IX L.P., Blackstone Capital Partners IX (LUX) SCSp and any parallel or alternative investment vehicles relating to them (collectively, “BCP IX” and together with BCP V, BCP VI, BCP VII, BCP VIII and BCP Asia, the “BCP Funds”). Each of the BCP Funds is an investment fund which specializes in leveraged buyouts and other principal investments. BMP also serves as investment adviser to Blackstone Energy Partners L.P. and any parallel or alternative investment vehicles relating to it (collectively, “BEP I”), Blackstone Energy Partners II L.P., Blackstone Energy Partners II.F L.P. and any parallel or alternative investment vehicles relating to them (collectively, “BEP II”), Blackstone Energy Partners III L.P., Blackstone Energy Partners III (Ontario) L.P., Blackstone Energy Partners III (Lux) SCSp and any parallel or alternative investment vehicles relating to it (collectively, “BEP III”) and anticipates providing investment advisory services once the investment period starts to Blackstone Energy Transition Partners IV L.P., Blackstone Energy Transition Partners IV (LUX) SCSp and any parallel or alternative investment vehicles relating to them (collectively, “BETP IV”, and together with BEP I, BEP II and BEP III, the “BEP Funds”). Affiliates of BMP serve as the general partner (the “BMP General Partner”) of each of the BCP Funds and the BEP Funds. BMP has been in business since October 2005. BMP’s regulatory assets under management (“RAUM”) were $105,327,246,053 as of December 31, 2023. Blackstone Core Equity Advisors L.L.C. (“BCEA”), a relying adviser of BMP, is a Delaware limited liability company that was established in 2015. BCEA provides investment advisory services to (i) Blackstone Core Equity Partners L.P. and any parallel funds, managed accounts, arrangements or alternative investment vehicles relating to it (collectively, “BCEP”) and (ii) Blackstone Core Equity Partners II L.P. and Blackstone Core Equity Partners II (Lux) SCSp and any parallel funds, managed accounts, arrangements or alternative investment vehicles relating to them (collectively, “BCEP II” and, together with BCEP, the “BCEP Funds”). Each of the BCEP Funds is an investment fund which specializes in control-oriented investments in high quality, low volatility companies and other principal investments. Affiliates of BCEA serve as the general partner (the “BCEP General Partners”) of each of the BCEP Funds. BCEA has been in business since March 2015. BCEA’s RAUM were $19,023,096,121 as of December 31, 2023. Blackstone Communications Advisors I L.L.C. (“BCOM”), a relying adviser of BMP, is a Delaware limited liability company. BCOM provides investment advisory services to Blackstone Communications
Partners I L.P and any parallel or alternative investment vehicles relating to it (collectively, the “BCOM Funds”), which are investment funds specializing in leveraged buyouts and other principal investments in communications related investments. An affiliate of BCOM serves as the general partner (the “BCOM General Partner”) of each of the BCOM Funds. BCOM has been in business since July 2000. BCOM’s RAUM were $36,643,146 as of December 31, 2023. Blackstone Management Partners IV L.L.C. (“BMP IV”), a relying adviser of BMP, is a Delaware limited liability company. BMP IV provides investment advisory services to Blackstone Capital Partners IV L.P. and any parallel or alternative investment vehicles relating to it (collectively, the “BCP IV Funds”). BCP IV is an investment fund which specializes in leveraged buyouts and other principal investments. An affiliate of BMP IV serves as the general partner (the “BCP IV General Partner”) of each of the BCP IV Funds. BMP IV has been in business since September 2001. BMP IV’s RAUM were $229,138,781 as of December 31, 2023. BMP, BCEA, BCOM and BMP IV are collectively referred to herein as the “PE Advisers.” The BCP General Partners, BCP Asia General Partners, BEP General Partners, BCEP General Partners, BCOM General Partner and BCP IV General Partner are collectively referred to herein as the “General Partners.” The BCP Funds, the BEP Funds, the BCEP Funds, the BCOM Funds and the BCP IV Funds are collectively referred to herein as the “Funds.” The ultimate parent of each PE Adviser is Blackstone Inc. (together with its affiliates, “Blackstone”), which is a publicly traded corporation listed on the New York Stock Exchange and which trades under the ticker symbol “BX”. Blackstone is a leading global alternative investment manager with investment vehicles focused on private equity, real estate, hedge fund solutions, credit, secondary funds, tactical opportunities, infrastructure, insurance solutions and life sciences. Please see Item 10 – Other Financial Industry Activities and Affiliations for more information. Description of Advisory Services BMP serves as investment adviser to the BCP Funds and the BEP Funds pursuant to the terms of investment advisory agreements (the “Advisory Agreements”) between BMP and each of the BCP Funds and the BEP Funds, and makes investment decisions for the BCP Funds and BEP Funds including by evaluating investments for the BCP Funds’ and BEP Funds’ investments. BCEA serves as investment adviser to the BCEP Funds pursuant to the terms of Advisory Agreements between BCEA and each of the BCEP Funds, and makes investment decisions for the BCEP Funds including by evaluating the BCEP Funds’ investments. BCOM serves as investment adviser to the BCOM Funds pursuant to the terms of Advisory Agreements between BCOM and each of the BCOM Funds, and makes investment decisions for the BCOM Funds including by evaluating the BCOM Funds’ investments. The investment period for the BCOM Funds ended on June 29, 2006. The BCOM Funds’ only new commitments of capital are to existing investments. BMP IV serves as investment adviser to the BCP IV Funds, pursuant to the terms of Advisory Agreements between BMP IV L.L.C. and each of the BCP IV Funds, and makes investment decisions for the BCP IV Funds including by evaluating the BCP IV Funds’ investments. The investment period for the BCP IV Funds ended on December 6, 2005. The BCP IV Funds’ only new commitments of capital are to existing investments. The individual needs of the investors in the Funds are not the basis of investment decisions by the PE Advisers. Investment advice is provided directly to the Funds by the relevant PE Adviser and not individually to the Funds’ investors. Through a series of delegation agreements, BMP also provides specific portfolio management services to certain private investment funds managed by an affiliated alternative investment fund manager for the purposes of the European Union Alternative Investment Fund Managers Directive (“AIFMD”).