Blackstone Group Company Description
The Blackstone Group knows how to make a scene. Founded in 1985 by industry veterans Peter Peterson and Stephen Schwarzman, the once-reclusive company underwent one of the largest IPOs in the history of mankind in 2007. The massive private equity firm owns stakes in more than 40 companies, manages hedge funds and other funds, and provides mergers and acquisitions and restructuring advice to corporate clients. Blackstone closed its latest private equity fund -- worth more than $21 billion -- after going public. The firm made one of the largest private equity transactions ever when it acquired Equity Office Properties Trust for some $39 billion in 2007.
View the Comprehensive Company Description for Blackstone Group
The Company Description provides a historical perspective of Blackstone Group's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Blackstone Group's evolution in the marketplace.
