BLACKSTONE REAL ESTATE SPECIAL SITUATIONS ADVISORS L.L.C.

other names
{{ Info.Overview }}
Revenue {{ Info.Revenue | formatUSD }}
Headquarters {{ Info.Headquarters }}
cb

Adviser Profile
As of Date 09/23/2024
Adviser Type - Large advisory firm
Number of Employees 285 -11.21%
of those in investment advisory functions 150 4.17%
Registration SEC, Approved, 01/15/2008
AUM* 68,505,042,218 24.88%
of that, discretionary 68,505,042,218 24.88%
Private Fund GAV* 18,583,882,766 5.81%
Avg Account Size 964,859,750 2.01%
SMA’s Yes
Private Funds 29 4
Contact Info 212 xxxxxxx
Websites

Client Types

- Investment companies
- Pooled investment vehicles
- State or municipal government entities
- Insurance companies

Advisory Activities

- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

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

Recent News

Reported AUM

Discretionary
Non-discretionary
55B 47B 39B 31B 24B 16B 8B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count6 GAV$1,975,247,360
Fund TypeReal Estate Fund Count23 GAV$16,608,635,406

Similar advisers

Adviser Hedge Fund Liquidity Fund Private Equity Fund Real Estate Fund Securitized Asset Fund Venture Capital Fund Other Fund Total Private Fund GAV AUM #Funds
Adviser PGIM PRIVATE ALTERNATIVES (UK) LIMITED Hedge Fund- Liquidity Fund- Private Equity Fund- Real Estate Fund381.9m Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV381.9m AUM3.0b #Funds6
Adviser TISHMAN CAPITAL PARTNERS Hedge Fund369.0m Liquidity Fund- Private Equity Fund- Real Estate Fund288.9m Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV657.9m AUM994.3m #Funds4
Adviser ABR CAPITAL PARTNERS, LLC Hedge Fund25.0m Liquidity Fund- Private Equity Fund- Real Estate Fund877.5m Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV902.5m AUM375.4m #Funds27
Adviser BLACKSTONE PROPERTY ADVISORS L.P. Hedge Fund38.4b Liquidity Fund- Private Equity Fund- Real Estate Fund20.9b Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV59.3b AUM78.2b #Funds56
Adviser PAGAYA INVESTMENTS US LLC Hedge Fund1.8b Liquidity Fund- Private Equity Fund- Real Estate Fund332.3m Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV2.1b AUM2.1b #Funds11
Adviser GEM REALTY CAPITAL Hedge Fund1.1b Liquidity Fund- Private Equity Fund- Real Estate Fund3.8b Securitized Asset Fund- Venture Capital Fund33.9m Other Fund- Total Private Fund GAV5.0b AUM5.8b #Funds17
Adviser CLARION PARTNERS Hedge Fund7.2b Liquidity Fund- Private Equity Fund- Real Estate Fund21.9b Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV29.1b AUM79.3b #Funds17
Adviser VISION BRAZIL INVESTMENTS Hedge Fund13.0m Liquidity Fund- Private Equity Fund- Real Estate Fund134.2m Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV147.2m AUM- #Funds13
Adviser PROPRIUM CAPITAL PARTNERS, L.P. Hedge Fund1.5b Liquidity Fund- Private Equity Fund- Real Estate Fund2.2b Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV3.7b AUM4.3b #Funds9
Adviser TCI FUND MANAGEMENT LIMITED Hedge Fund57.2b Liquidity Fund- Private Equity Fund- Real Estate Fund6.9b Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV64.1b AUM- #Funds6

Brochure Summary

Overview

11 Overview of the Firm The Adviser, directly or indirectly through its subsidiaries, provides investment advisory services to its Clients, and Affiliates of the Adviser generally serve as General Partner of each Client. The Adviser’s Clients primarily make public and private real estate and real estate related debt Investments and, to a lesser extent, non-controlling equity and other Investments in real estate.
The ultimate parent of the Adviser is Blackstone. Please see the structure chart below. Blackstone is a global alternative investment manager with Investment Vehicles focused on real estate, private equity, hedge fund solutions, credit, infrastructure, secondary funds of funds and multi-asset class strategies. Please see Item 10 – Other Financial Industry Activities and Affiliations for more information.
As of December 31, 2023, the Adviser had regulatory assets under management of approximately $68.5 billion on a discretionary basis. Please note that this figure is an unaudited estimate. 12 Description of Advisory Services The Adviser serves as investment adviser to its Clients pursuant to the Advisory
Agreements. The Adviser performs the following services, among others, for its Clients: 1. Identifies and analyzes investment opportunities; 2. Makes investment recommendations to the General Partner of each Client, as applicable; 3. Participates in the monitoring and evaluation of Investments; and 4. Provides other related services in connection with the implementation of the investment program of each Client, including, without limitation, arranging for and coordinating the services of other professionals and consultants.
The Adviser tailors its advisory services to the particular needs of each Client. However, the specific needs of the individual Investors in a Client (i.e., limited partner investors) are not the basis for recommendations by the Adviser. Investment advice is provided directly to the Client, not individually to the respective Investors in the Client. The Adviser also provides specific portfolio management services to certain Investment Vehicles managed by an affiliated alternative investment fund manager for the purposes of AIFMD, through a series of delegation agreements.