Ever since its IPO in the year 2007 and succeeding the global financial catastrophe, its alternative investment firm peers were mostly outpaced by Blackstone in assets under management, new business launches, profitability, and market capitalization. Under the leadership of Stephen A. Schwarzman, chairman and CEO, and president and COO Hamilton ("Tony") James, Blackstone's increase derived from substantial flat expansion into new alternative asset products and services, both organically and through acquisition.
These included companies in private equity, real estate, funds of hedge funds, alternative credit, opportunistic transactions ("Tactical Opportunities"), and secondaries investments. The company has innovated in sourcing capital from a variety of limited partners. The culture of centralized investment procedures and risk management coupled with entrepreneurial direction of Blackstone contributed to its growth in ways that were significant, as it seeks to continue its growth, but the company confronts significant external and internal challenges.
PUBLICATION DATE: January 06, 2016 PRODUCT #: 816013-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
