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Type of Role: Investments

Experience Level: Analyst/Associate

Location: New York City, New York

Salary: $120K - $150K

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Details below.

Strategic Partners – GP Stakes Strategic Value, Associate

Business Unit Overview:

Strategic Partners (“SP”) is a global leader in illiquid fund investing, including secondaries, co-investments and Primary advisory. The Strategic Partners business was founded in 2000 and has significant experience in providing limited partners a range of liquidity solutions across illiquid asset classes on a fair, timely and confidential basis. Strategic Partners is one of the most prolific secondary market participants in the world and is recognized as an innovative investor, with broad transaction capabilities that reinforce its established

reputation as a nimble and responsive investor. Through its private equity, infrastructure and real estate platforms Strategic Partners has executed ~2,100 transactions that represent interests in approximately 5,400 underlying fund interests managed by over 1,650+ different financial sponsors.

 

The Blackstone GP Stakes business sits within the Strategic Partners group of Blackstone. GP Stakes acquires minority ownership interests in leading private equity firms (“GPs”).  This is a direct private equity investment strategy focused on alternative asset management as a sector, benefiting from strong secular

trends in capital allocation toward private-market alternative assets and employing Blackstone’s disciplined approach to investing.  We seek to invest in institutionalized GPs with a competitive edge, where we are well-positioned to deliver strategic value by leveraging the broader Blackstone platform.  Investments may be effectuated through a variety of structures, techniques and instruments such as common, preferred or structured equity.

 

 

Job Title:

Associate

 

Job Description:

The role will entail:

  • Assisting SP Stakes portfolio GPs with extensive research and development on new product ideas, market analysis, marketing strategy and organizational and financial impacts of potential new business lines
  • Researching and analyzing new product opportunities for SP Stakes portfolio GPs across asset classes
  • Researching and analyzing private markets to identify business development scenarios
  • Analyzing investor trends to advise SP Stakes portfolio GPs on LP demand across private market products and asset classes
  • Assisting portfolio GPs with developing strategic plans
  • Assisting in handling day-to-day interactions with portfolio GPs
  • Advise SP Stakes portfolio GPs on team growth and development; assist those firms with their prioritization of key objectives
  • Provide ongoing support, evaluation, analysis and advice related to the implementation of new products, business opportunities and other strategic initiatives at SP Stakes portfolio GPs

 

Primary responsibilities will include:

  • Assisting the team in developing presentation materials, business plans and memos for and related to portfolio GPs
  • Assisting with keeping all pitch materials and internal marketing materials current
  • Interacting regularly with portfolio GPs to monitor business developments and fundraising progress
  • Creating and delivering periodic updates on strategic value activity for portfolio GPs and on fundraising and material business developments relating to portfolio GPs
  • Assisting in formulating and organizing thought leadership events relating to the Strategic Value program
  • Tracking interactions with, and projects related to, portfolio GPs

 

 

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, a successful candidate will have:

  • 2+ years’ work experience (buy-side or sell-side) in a product group, investment banking role, structuring group, strategy role, business support function or marketing/IR role
  • Knowledge of and familiarity with alternative asset classes
  • Familiarity with institutional investor segments and alternative portfolio preferences is a plus
  • Strong analytical abilities
  • Strong MS Excel, Word and PowerPoint skills
  • Strong writing skills

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$120,000 – $150,000

Actual base salary within that range will be determined by several components including but not limited to the individual’s experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please email Human Resources at HR-Recruiting-Americas@Blackstone.com.

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

  • Attending client meetings where you are discussing Blackstone products and/or and client questions;
  • Marketing Blackstone funds to new or existing clients;
  • Supervising or training securities licensed employees;
  • Structuring or creating Blackstone funds/products; and
  • Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.