Blackstone Blog

  • Nov 29, 2011

    Blackstone’s Real Estate Group Kicks off Mentorship Program

    Blackstone’s Real Estate group kicked off a mentorship program with Harlem Village Academies. Employees from Blackstone’s Real Estate group in New York visited the Harlem Village Academy Middle School on 144th Street and participated in their weekly Community Circle as well as spent one-on-one reading time with students from grades five through eight. Blackstone employees will continue to mentor students from Harlem Village Academies helping them to advance their reading skills and reach their academic goals.
  • Nov 18, 2011

    Blackstone Charitable Foundation Expands LaunchPad Program to Northeast Ohio

    The Blackstone Charitable Foundation today announced a $3.2 million, three-year partnership with the Ohio-based Burton D. Morgan Foundation to train the next generation of entrepreneurs in Northeast Ohio.
  • Nov 09, 2011

    Blackstone's Tony James on the Critical Role of Private Capital in Safeguarding American Industry and Jobs

    Blackstone President and COO Tony James recently spoke at an event celebrating the reopening of the PBF Delaware City Refinery. The refinery was closed in 2009 by its previous owner leaving hundreds out of work. Blackstone's willingness to invest risk capital to restart the refinery and execute a complete turnaround of the facility saved more than 700 jobs, will lead to the creation of thousands more secondary jobs and is already having a wide reaching impact on the Delaware community. Tony James said, “Saving this refinery is what private equity is all about. If we are going to get America going again we need to save struggling, traditional American businesses that employ thousands of people.”
  • Nov 01, 2011

    Blackstone’s Mary Anne Citrino Funds Cambodian School

    December 2007 marked the first of several trips Blackstone’s Mary Anne Citrino would make to Cambodia. The occasion celebrated the opening of a school which she funded together with her husband and three children, Cheyenne, Dillon and Colter. Construction of the Dicheycol School began in April of the same year, in Ang Krong Village, located just two hours north of Phnom Penh. Continued support from the Citrino family ensures the education of the village’s boys and girls through middle and high school. The school is made up of 8 classrooms, 3 teachers and 123 students.
  • Oct 25, 2011

    Steve Schwarzman Delivers Keynote Address At Annual Alfred E. Smith Dinner

    On October 20th, Steve Schwarzman delivered the keynote address at the 66th annual Alfred E. Smith Dinner. The dinner, hosted in memory of former New York Governor Alfred E. Smith, raises millions of dollars for charitable endeavors in New York City. This year’s dinner raised a record amount of $2.2 million and was attended by Governor Andrew Cuomo, State Comptroller Tom Dinapoli, and many others from the New York political establishment.
  • Oct 18, 2011

    “Rare Air” – A Discussion with Blackstone’s Eric McAlpine on Tech Valuations

    This interview appeared on the ‘13 Hours to Think’ blog by Jeff Richards, a Partner at GGV Capital in Silicon Valley. It was posted on October 18, 2011.
  • Oct 12, 2011

    Blackstone Climbers Raise Over $136,000 to End Domestic Violence

    On October 6th over 60 Blackstone employees supported inMotion in climbing the stairs of 1411 Broadway -a 42-story skyscraper owned by Blackstone's investors - in support of inMotion's “Story by Story” climb to end domestic violence. Captained by Erik Lisher, and assisted by Tim Coleman, Jon Gray and Jacob Werner, the Blackstone team raised over $136,000 and is expected to be named once again the top fundraising team. In total, the stair climb event will likely raise over $636,000, made possible through the generous donations of more than 3,700 donors.
  • Oct 11, 2011

    Blackstone President and COO Tony James comments on the critical role private equity played in reopening the Delaware City Refinery

    “Saving this refinery is what private equity is all about. It's great that a couple of 20-year-olds can start a web site in a garage and make billions of dollars with venture capital. But if we are going to get America going again, we need to save struggling, traditional American businesses that employ thousands of people. And to do that, we need patient equity in large amounts that provide strong capital bases. Only private equity can fill this need. The 2000 jobs potentially created by this reopening are a win for the pension funds we manage, the workers here at the refinery, the State of Delaware and the economy of the U.S. Let's use it as a model for the future.”
  • Oct 07, 2011

    Blackstone Portfolio Company PBF Energy Marks Official Reopening of Delaware City Refinery

    Today, Blackstone President and COO Tony James attended an event to celebrate the official reopening of the Delaware City petroleum refinery, which was closed in 2009 by a previous owner. Mr. James toured the refinery and delivered remarks at the event, attended by Delaware Governor Jack Markell, U.S. Senator Thomas Carper, U.S. Senator Christopher Coons, International Vice President of the United Steelworkers Gary Beevers, and First Reserve Managing Director Tim Day, as well as other dignitaries and employees of the refinery.
  • Oct 07, 2011

    Blackstone Charitable Foundation Invests in Maine

    The Blackstone Charitable Foundation today announced the launch of a new $3 million regional initiative - Blackstone Accelerates Growth - designed to ignite growth at start-ups and existing high potential companies throughout this rural state and help Maine transition from a historically resource based economy to an innovation economy. Working closely with business and civic leaders, the Blackstone initiative will establish regional hubs of innovation and entrepreneurship that target training, coaching and mentoring services to the state’s most promising businesses primed for growth.
  • Sep 29, 2011

    Online Video: The Media Industry’s New Frontier

    The following interview was conducted with Ken Allen, a Vice President in Blackstone’s Advisory Practice, who leads Blackstone’s coverage of the Digital Media sector.
  • Sep 27, 2011

    Tony James’ Top Four Reasons Why Private Equity is Critical to Economic Recovery

    In a CNBC interview on September 22nd, Blackstone’s President, Tony James, said there are four primary reasons why private equity serves as an engine of economic growth. Because of time, he was only able to share the first two. We have received many requests for Tony’s “Top Four”, so here they are.
  • Sep 15, 2011

    Blackstone Senior Managing Director Ivan Brockman on how Blackstone is Supporting Technology Innovation at Portfolio and Client Companies

    Silicon Valley is a truly unique ecosystem of technology innovation, and we’re eager to show our continued support through our inaugural Technology Forum. Blackstone’s Technology Advisory team works with executives from leading companies across the technology landscape. At the same time, our portfolio companies realize that technology investments are a key driver of growth and operational improvements. The Technology Forum is an opportunity for Blackstone to showcase propriety resources across the firm including our Operating Partners, CIO network, Advisory Group and client network to create an interesting environment for collaboration.
  • Sep 12, 2011

    An Olive Branch to Obama: I will Share the Pain - By Steve Schwarzman

    President Barack Obama’s unusual address on America‘s economic woes to a joint session of Congress is vivid evidence of the problems we face. Growth in the first half of 2011 has almost stalled and we could slip into another recession. If that happens, the pain could last far longer than in the prior downturn because many weapons used then are no longer available. The Federal Reserve has exhausted its conventional resources and another huge stimulus package is politically unachievable. For the first time in my 40-year career in finance, I am genuinely concerned by our long-term economic prospects.
  • Aug 15, 2011

    Blackstone Employees Partner with First Day New York to Sponsor 150 Students

    A tradition that started in Blackstone's Hedge Fund Solutions Group (BAAM) four years ago was extended to the entire firm this year with great success. Blackstone employees across all business units partnered with First Day New York to sponsor 150 New York City students with backpacks, first day of school outfits and school supplies. BAAM sponsored 20 students in their first year, and with the support of the entire firm, that number has grown significantly to 150. According to First Day New York, Blackstone remains the leading sponsor for providing backpacks to at-risk children living in New York City.
  • Jul 14, 2011

    Over 300 Student Entrepreneurs Enroll in Blackstone LaunchPad Program in Michigan in Inaugural Year

    Within the first nine months of implementation, The Blackstone Launchpad program has enrolled more than 300 students and has created a network of 30 coaches to support, guide, and encourage budding entrepreneurs. Of those 300 students, 110 have completed initial venture proposals. Modeled after the successful LaunchPad program at the University of Miami, The Blackstone Charitable Foundation developed and funded two new LaunchPad programs in Detroit at Wayne State University and Walsh College. The programs started at the schools in September of 2010.
  • Jun 29, 2011

    Blackstone Supports Eagle Scholars

    With continued support from the Blackstone Charitable Foundation, Eagle Academy Scholars pass and excel in the 2011 New York State Regents exams. Since 2009, Blackstone employees have worked with the students, administrators and teachers of Eagle Academy in Brownsville, Brooklyn, a school committed to educating young men from low-income neighborhoods to be “globally conscious and globally competitive.” Our commitment includes mentoring students, teaching weekend classes, and providing professional development training.
  • Jun 28, 2011

    Blackstone Funds Close Large Centro Transaction

    Today, on behalf of our investors, we closed on the $9 billion acquisition of Centro Properties’ U.S. assets and platform. Centro is the second largest owner of community and neighborhood shopping centers in the U.S. and a leader in redevelopment. Assets include 585 community and neighborhood shopping centers and related retail assets with an aggregate of 92.1 million square feet across 39 states.
  • Jun 27, 2011

    A continuation of our discussion with James A. Quella, Head of Blackstone’s North American Portfolio Operations Group

    Let’s start with revenue growth, which can come from competitive pricing, optimizing marketing expenditures, improvements in sales force productivity, and identifying new market segments and revenue sources. There is also a big opportunity to help these organizations expand globally. Growth in developing and emerging markets, where Blackstone already has experience and connections, represents a big growth opportunity in many of these companies.
  • Jun 23, 2011

    Blackstone’s Portfolio Operations Group, co- led by James A. Quella, helped companies in Blackstone’s portfolio weather the economic downturn and emerge stronger players

    In early 2007, we took the position that the economy seemed over heated. We then carefully worked with the management teams of the companies we owned on behalf of investors to prepare for and weather the economic downturn.