The Blackstone Group
New York
Also known as Blackstone Alternative Asset Management L.P. · Blackstone Alternative Credit Advisors Lp · Blackstone Alternative Investment Advisors Llc · Blackstone Alternative Solutions L.L.C. · Blackstone Asset Based Finance Advisors Lp · Blackstone Clo Management Llc (Management Series) · Blackstone Credit Bdc Advisors Llc · Blackstone Credit Systematic Strategies Llc · Blackstone Growth Advisors L.L.C. · Blackstone Infrastructure Advisors L.L.C. · Blackstone Ireland Fund Management Limited · Blackstone Ireland Limited · Blackstone Isg-I Advisors L.L.C. · Blackstone Isg-Ii Advisors L.L.C. · Blackstone Life Sciences Advisors L.L.C. · Blackstone Liquid Credit Advisors I Llc · Blackstone Liquid Credit Strategies Llc · Blackstone Management Partners L.L.C. · Blackstone Multi-Asset Advisors L.L.C. · Blackstone Private Credit Strategies Llc · Blackstone Private Investments Advisors L.L.C. · Blackstone Property Advisors L.P. · Blackstone Real Estate Advisors Europe L.P. · Blackstone Real Estate Advisors L.P. · Blackstone Real Estate Special Situations Advisors L.L.C. · Blackstone Strategic Alliance Advisors L.L.C. · Blackstone Strategic Capital Advisors, L.L.C. · Blackstone Tactical Opportunities Advisors L.L.C.
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Fund performance · per public LP disclosures · 123
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Blackstone Partners IX, L.P.LPs: California State Teachers' Retirement System | 2025 | — | -8.7% | 0.91x | — |
| Blackstone Real Estate Debt Strategies ? Supplemental Account C L.P.LPs: California Public Employees' Retirement System | 2025 | — | — | 1.36x | 0.25x |
| Blackstone Energy Transition Partners IV L.P.LPs: Minnesota State Board of Investment, Michigan Municipal Employees' Retirement System, Hawaii Employees' Retirement System | 2024 | — | 51.6% | 1.17x | 0.01x |
| Blackstone Infrastructure Partners Europe (CYM) L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2024 | — | — | 1.17x | 0.01x |
| Blackstone Real Estate Debt Strategies V - C L.P..LPs: California Public Employees' Retirement System | 2024 | — | — | 1.12x | 0.04x |
| Blackstone Real Estate Partners Europe VII Vehicle)LPs: New York City Fire Department Pension Fund | 2024 | — | — | 0.00x | — |
| Blackstone Credit Series Fund-C LP - Series CLPs: California Public Employees' Retirement System | 2023 | — | — | 1.09x | 0.00x |
| Blackstone Green Private Credit Fund III, LPLPs: Empire State Development – New York Ventures, Florida State Board of Administration, Michigan Municipal Employees' Retirement System +2 more | 2023 | — | 10.7% | 1.07x | 0.45x |
| Blackstone Real Estate Partners Europe Fund VIILPs: Minnesota State Board of Investment, New York City Board of Education Retirement System | 2023 | — | 14.6% | 1.13x | 0.02x |
| Blackstone Strategic Partners Real Estate VIIILPs: Contra Costa County Employees' Retirement Association | 2023 | — | 23.4% | 1.20x | 0.04x |
| Blackstone Tac Ops III S LPLPs: California State Teachers' Retirement System | 2023 | — | 19.4% | 1.19x | 0.13x |
| Blackstone Tactical Opportunities Fund - FD L.P. (Pool II)LPs: Florida State Board of Administration | 2023 | — | — | 1.04x | 0.02x |
| Blackstone Tactical Opportunities Fund FD II LPLPs: Florida State Board of Administration | 2023 | — | — | 0.85x | 0.01x |
| Blackstone Capital Partners Asia II, L.P.LPs: The Regents of the University of California, Minnesota State Board of Investment, Washington State Investment Board +1 more | 2022 | — | 29.2% | 1.51x | 0.22x |
| Blackstone Capital Partners IXLPs: Empire State Development – New York Ventures, California State Teachers' Retirement System, Minnesota State Board of Investment +1 more | 2022 | — | 29.4% | 1.27x | 0.00x |
| Blackstone Credit Series Fund-C LP - Series ALPs: California Public Employees' Retirement System | 2022 | — | — | 1.22x | 0.00x |
| Blackstone Credit Series Fund-C LP - Series BLPs: California Public Employees' Retirement System | 2022 | — | — | 1.24x | 0.00x |
| Blackstone Growth Equity IILPs: Minnesota State Board of Investment | 2022 | — | 0.0% | — | — |
| Blackstone Real Estate Partners X L.P.LPs: North Carolina Retirement Systems, Los Angeles County Employees Retirement Association, Michigan Municipal Employees' Retirement System +7 more | 2022 | — | 7.2% | 1.09x | 0.12x |
| Blackstone Capital Opportunities Fund IV, LPLPs: Empire State Development – New York Ventures, Michigan Municipal Employees' Retirement System, Robert Wood Johnson Foundation | 2021 | — | — | 1.22x | 0.37x |
| Blackstone Capital Partners VIII LPLPs: Washington State Investment Board, California State Teachers' Retirement System, Empire State Development – New York Ventures +14 more | 2021 | — | 8.4% | 1.25x | 0.26x |
| Blackstone COF IV Co-Investment Fund, L.P.LPs: Empire State Development – New York Ventures, Michigan Municipal Employees' Retirement System | 2021 | — | — | 1.30x | 0.45x |
| Blackstone Core Equity Partners II LPLPs: California Public Employees' Retirement System, California State Teachers' Retirement System | 2021 | — | 13.5% | 1.35x | 0.12x |
| Blackstone Real Estate Partners Asia IIILPs: Minnesota State Board of Investment | 2021 | — | -0.9% | 0.99x | 0.04x |
| Blackstone Strategic Partners IXLPs: The Regents of the University of California | 2021 | — | 21.0% | 1.35x | 0.13x |
| Blackstone Supplemental Account - MLPs: Minnesota State Board of Investment | 2021 | — | -2.9% | 0.93x | 0.04x |
| Blackstone Energy Partners III, L.P.LPs: California State Teachers' Retirement System, Public Employee Retirement System of Idaho, Hawaii Employees' Retirement System | 2020 | — | 26.3% | 1.83x | 0.60x |
| Blackstone Energy Partners IV, L.P.LPs: California State Teachers' Retirement System, Hawaii Employees' Retirement System | 2020 | — | 94.6% | 1.41x | — |
| Blackstone GrowthLPs: Minnesota State Board of Investment | 2020 | — | -0.5% | 0.98x | 0.13x |
| Blackstone Life Sciences V LPLPs: California State Teachers' Retirement System, Robert Wood Johnson Foundation | 2020 | — | 19.9% | 1.55x | 0.31x |
| Blackstone Property Partners Life Sciences L.P.LPs: Connecticut Retirement Plans and Trust Funds | 2020 | — | -1.5% | 0.95x | 0.08x |
| Blackstone Real Estate Debt Strategies IV - C L.P.LPs: California Public Employees' Retirement System | 2020 | — | — | 1.43x | 0.57x |
| Blackstone Real Estate Partners Europe (EURO Vehicle)LPs: New York City Fire Department Pension Fund | 2020 | — | — | 6.00x | — |
| Blackstone Real Estate Partners Europe VI (EURO Vehicle)LPs: New York City Fire Department Pension Fund | 2020 | — | 10.5% | — | 0.32x |
| Blackstone Tactical Opportunities Fund III - N, LPLPs: Empire State Development – New York Ventures | 2020 | — | — | 1.99x | 0.69x |
| Blackstone Capital PartnersLPs: New York City Fire Department Pension Fund | 2019 | — | 8.4% | — | 1.64x |
| Blackstone Inrastructure Partners, LPLPs: Empire State Development – New York Ventures | 2019 | — | — | 1.74x | 0.14x |
| Blackstone Real Estate Partners IX LPLPs: North Carolina Retirement Systems, Minnesota State Board of Investment, Michigan Municipal Employees' Retirement System +8 more | 2019 | — | 7.3% | 1.23x | 0.40x |
| Blackstone Renewables Supplemental Account-N,LPLPs: Empire State Development – New York Ventures | 2019 | — | — | 1.18x | 0.00x |
| Blackstone Strategic Partners VIIILPs: The Regents of the University of California | 2019 | — | 21.3% | 1.56x | 0.83x |
| Blackstone Tactical Opportunities Fund II-S (Surge) L.P.LPs: California State Teachers' Retirement System | 2019 | — | 9.0% | 1.38x | 0.45x |
| Blackstone Tactical Opportunities Fund III-C (Surge) L.P.LPs: California Public Employees' Retirement System | 2019 | — | 13.7% | 1.45x | 0.37x |
| Blackstone Capital Partners Asia, L.P.LPs: The Regents of the University of California | 2018 | — | — | 1.10x | 0.05x |
| Blackstone Infrastructure Partners L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2018 | — | 16.5% | 1.82x | 0.37x |
| Blackstone Tactical Opportunities Fund II-S L.P.LPs: California State Teachers' Retirement System | 2018 | — | 14.2% | 1.48x | 0.75x |
| Blackstone Tactical Opportunities Fund III-C L.P.LPs: California Public Employees' Retirement System | 2018 | — | 11.7% | 1.31x | 0.88x |
| GSO Capital Solutions Fund III LPLPs: Empire State Development – New York Ventures, California State Teachers' Retirement System, Florida State Board of Administration | 2018 | — | 9.7% | 1.16x | 0.98x |
| GSO Energy Select Opportunities Fund II, LPLPs: Empire State Development – New York Ventures, Florida State Board of Administration, Michigan Municipal Employees' Retirement System | 2018 | — | — | 1.20x | 1.08x |
| Blackstone Capital Partners Asia ILPs: The Regents of the University of California, Washington State Investment Board, Merseyside Pension Fund | 2017 | — | 22.4% | 2.00x | 1.03x |
| Blackstone Core Equity Partners - NC LPLPs: California State Teachers' Retirement System, Empire State Development – New York Ventures, North Carolina Retirement Systems | 2017 | — | 15.9% | 2.15x | 0.58x |
| BLACKSTONE REAL ESTATE PARTNERS ASIA II LPLPs: Minnesota State Board of Investment, University of Texas Investment Management Company | 2017 | — | 3.9% | 1.17x | 0.40x |
| Blackstone Tactical Opportunities Fund - S L.P.LPs: California State Teachers' Retirement System | 2017 | — | 9.8% | 1.40x | 1.33x |
| Blackstone TN Partners LPLPs: North Carolina Retirement Systems | 2017 | — | 0.0% | — | — |
| GSO CSF III Co Investment Fund, LPLPs: Empire State Development – New York Ventures | 2017 | — | — | 1.62x | 1.55x |
| Blackstone Capital Partners VII LPLPs: Empire State Development – New York Ventures, California State Teachers' Retirement System, Oregon Public Employees Retirement System +13 more | 2016 | — | 11.7% | 1.66x | 0.96x |
| Blackstone Real Estate Debt Strategies III, L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2016 | — | 6.2% | 1.15x | 1.08x |
| Blackstone Real Estate Partners Europe V, L.P.LPs: North Carolina Retirement Systems, Connecticut Retirement Plans and Trust Funds | 2016 | — | 5.2% | 1.22x | 0.73x |
| GSO Capital Opportunities Fund III LPLPs: California State Teachers' Retirement System, Florida State Board of Administration, Texas Municipal Retirement System +1 more | 2016 | — | 11.5% | 1.54x | 1.40x |
| GSO Capital Opportunities Fund IIII, LPLPs: Empire State Development – New York Ventures | 2016 | — | — | 1.37x | 1.16x |
| GSO Energy Partners-C II LPLPs: California Public Employees' Retirement System | 2016 | — | 8.2% | 1.30x | 1.27x |
| Blackstone Energy Partners II, L.P.LPs: Oregon Public Employees Retirement System, North Carolina Retirement Systems, California State Teachers' Retirement System +4 more | 2015 | — | 8.3% | 1.52x | 0.92x |
| BLACKSTONE REAL ESTATE PARTNERS VIII LPLPs: Pennsylvania Public School Employees' Retirement System, North Carolina Retirement Systems, Connecticut Retirement Plans and Trust Funds +8 more | 2015 | — | 12.1% | 1.55x | 1.08x |
| Blackstone Real Estate Partners VIII RELPs: Maine Public Employees Retirement System | 2015 | — | 13.6% | 1.38x | 0.70x |
| Blackstone Real Estate VIII, L.P.LPs: Minnesota State Board of Investment | 2015 | — | 15.3% | 1.67x | 1.02x |
| Blackstone Real Estate VIII.TE.1 L.P.LPs: Minnesota State Board of Investment | 2015 | — | 11.6% | 1.52x | 1.08x |
| Blackstone SP NCRASMA (Overage)LPs: North Carolina Retirement Systems | 2015 | — | 1.1% | — | — |
| Blackstone Tactical Opportunities Fund II - C L.P.LPs: California Public Employees' Retirement System | 2015 | — | 12.7% | 1.50x | 1.32x |
| Blackstone Tactical Opportunities Fund II - N, LPLPs: Empire State Development – New York Ventures | 2015 | — | — | 0.54x | 0.33x |
| Blackstone Tactical Opportunities Fund II, L.P.LPs: Florida State Board of Administration, Hawaii Employees' Retirement System | 2015 | — | 14.0% | 1.55x | 1.37x |
| Blackstone Tactical Opportunities Stable Income Fund -N, LPLPs: Empire State Development – New York Ventures | 2015 | — | — | 1.65x | 1.28x |
| GSO Energy Select Opportunities Fund LPLPs: Florida State Board of Administration, Michigan Municipal Employees' Retirement System | 2015 | — | 10.1% | 1.41x | 1.32x |
| Blackstone Granite Fund - Class B - Commodity PodLPs: North Carolina Retirement Systems | 2014 | — | 1.0% | — | — |
| Blackstone Granite Fund - Class C - Opportunistic CommodityLPs: North Carolina Retirement Systems | 2014 | — | 0.5% | — | — |
| Blackstone Granite Fund - Class D - BayviewLPs: North Carolina Retirement Systems | 2014 | — | 3.7% | 1.38x | — |
| Blackstone NC Property Partners, L.P.LPs: North Carolina Retirement Systems | 2014 | — | 1.0% | — | — |
| Blackstone Property PartnersLPs: Maine Public Employees Retirement System, North Carolina Retirement Systems, Pennsylvania Public School Employees' Retirement System +1 more | 2014 | — | 1.4% | 1.09x | 0.15x |
| Blackstone SP NCRASMALPs: North Carolina Retirement Systems | 2014 | — | 1.1% | — | — |
| Blackstone Strategic Capital HoldingsLPs: The Regents of the University of California, Michigan Municipal Employees' Retirement System, Forsta AP-fonden (AP1) +1 more | 2014 | — | 14.5% | 1.88x | 0.71x |
| Blackstone Real Estate Debt Strategies II, L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2013 | — | — | 1.20x | 1.17x |
| BLACKSTONE REAL ESTATE PARTNERS EUROPE IV LPLPs: North Carolina Retirement Systems, Pennsylvania Public School Employees' Retirement System, New York City Fire Department Pension Fund +3 more | 2013 | — | 10.0% | 1.37x | 1.24x |
| Blackstone Tactical Opportunites Fund - N, LPLPs: Empire State Development – New York Ventures | 2013 | — | — | 1.18x | 1.13x |
| BREP Edens Investment Partners L.P.LPs: North Carolina Retirement Systems | 2013 | — | 4.1% | 1.41x | 0.35x |
| GSO Bakken Holdings I LPLPs: North Carolina Retirement Systems | 2013 | — | 0.4% | — | — |
| GSO Capital Solutions Fund II, L.P.LPs: California Public Employees' Retirement System, Florida State Board of Administration, California State Teachers' Retirement System +4 more | 2013 | — | 0.7% | 1.03x | 0.98x |
| GSO Energy Partners - B LPLPs: North Carolina Retirement Systems | 2013 | — | 1.1% | — | — |
| GSO Energy Partners-C LPLPs: California Public Employees' Retirement System | 2013 | — | -3.1% | 0.88x | 0.85x |
| Blackstone Capital Partners IV, L.P. (Secondary)LPs: Los Angeles County Employees Retirement Association | 2012 | — | 13.9% | 1.28x | 1.28x |
| Blackstone Tactical Opportunities Fund - C L.P.LPs: California Public Employees' Retirement System | 2012 | — | 9.4% | 1.36x | 1.34x |
| GSO Foreland Resources Co-Invest LPLPs: North Carolina Retirement Systems | 2012 | — | 8.2% | 1.32x | 1.32x |
| Blackstone Capital Partners VILPs: California Public Employees' Retirement System, Empire State Development – New York Ventures, California State Teachers' Retirement System +16 more | 2011 | — | 12.1% | 1.83x | 1.65x |
| Blackstone Energy PartnersLPs: North Carolina Retirement Systems, Public Employee Retirement System of Idaho, Los Angeles City Employees' Retirement System +2 more | 2011 | — | 11.3% | 1.67x | 1.54x |
| Blackstone Granite Fund - Class A - Resources SelectLPs: North Carolina Retirement Systems | 2011 | — | 0.6% | — | — |
| Blackstone Real Estate Partners VIILPs: North Carolina Retirement Systems, Minnesota State Board of Investment, Maine Public Employees Retirement System +5 more | 2011 | — | 14.6% | 1.62x | 1.54x |
| Blackstone Real Estate Special Situations Fund II, L.P.LPs: Connecticut Retirement Plans and Trust Funds | 2011 | — | 9.3% | 1.20x | 1.20x |
| GSO Capital Opportunities Fund IILPs: California Public Employees' Retirement System, California State Teachers' Retirement System, Florida State Board of Administration +4 more | 2011 | — | 8.1% | 1.17x | 1.17x |
| Blackstone Credit Liquidity Partners, L.P.LPs: Florida State Board of Administration | 2010 | — | 8.9% | 1.24x | 1.24x |
| Blackstone Tactical Opportunities Fund - FD L.P.LPs: Florida State Board of Administration | 2010 | — | 16.3% | 1.44x | 0.54x |
| Blackstone GSO Capital Solutions Fund LPLPs: California Public Employees' Retirement System, California State Teachers' Retirement System, Florida State Board of Administration | 2009 | — | 9.5% | 1.34x | 1.34x |
| Blackstone Real Estate Partners Europe III, L.P.LPs: Pennsylvania Public School Employees' Retirement System, Connecticut Retirement Plans and Trust Funds, New York City Fire Department Pension Fund | 2008 | — | 10.6% | 1.46x | 1.43x |
| Blackstone Real Estate Partners VILPs: North Carolina Retirement Systems, Minnesota State Board of Investment, Connecticut Retirement Plans and Trust Funds +5 more | 2007 | — | 13.2% | 2.03x | 2.03x |
| GSO Capital Opportunities FundLPs: Florida State Board of Administration, North Carolina Retirement Systems, California Public Employees' Retirement System +5 more | 2007 | — | 17.1% | 1.67x | 1.65x |
| LLC GSO Capital Opportunities Fund LPLPs: New York City Fire Department Pension Fund | 2007 | — | 10.1% | — | — |
| Blackstone Capital Partners V LPLPs: California State Teachers' Retirement System, Empire State Development – New York Ventures, Washington State Investment Board +15 more | 2006 | — | 8.0% | 1.62x | 1.62x |
| Blackstone Real Estate Partners VLPs: North Carolina Retirement Systems, Minnesota State Board of Investment, Pennsylvania Public School Employees' Retirement System +2 more | 2006 | — | 10.8% | 2.01x | 2.01x |
| GSO Capital Opportunities Fund ILPs: Oregon Public Employees Retirement System, New York City Police Pension Fund | 2006 | — | 17.2% | 1.42x | 1.42x |
| GSO Energy Select Opportunities Feeder Fund II L.P.LPs: Florida State Board of Administration | 2006 | — | 32.1% | 1.31x | 0.47x |
| Blackstone Capital Partnc'rs Sub-Fund VLPs: The Regents of the University of California | 2005 | — | 8.1% | — | 1.30x |
| Blackstone Capital Partners Fund VLPs: The Regents of the University of California | 2005 | — | 5.9% | 1.35x | 0.33x |
| Blackstone Capital Partners Sub-Fund VLPs: The Regents of the University of California | 2005 | — | 8.2% | 1.68x | 1.40x |
| Blackstone Capital Partners V & V-SLPs: Los Angeles City Employees' Retirement System | 2005 | — | 7.9% | 1.69x | 1.69x |
| Blackstone Mezzanine Partners IILPs: New York City Employees' Retirement System, New York City Police Pension Fund, New York City Fire Department Pension Fund +1 more | 2005 | — | 7.8% | 1.34x | 1.34x |
| Blackstone Fund IVLPs: New York City Fire Department Pension Fund | 2004 | — | — | 9.00x | — |
| Blackstone Capital Partners IVLPs: New York City Police Pension Fund | 2003 | — | 36.3% | 2.46x | 2.46x |
| Blackstone Capital IVLPs: Pennsylvania Public School Employees' Retirement System | 2001 | — | 36.2% | 2.80x | 2.81x |
| Blackstone Capital Partners IV, L.P.LPs: Empire State Development – New York Ventures, California Public Employees' Retirement System, California State Teachers' Retirement System +13 more | 2001 | — | 37.0% | 2.39x | 2.39x |
| Blackstone Communications Partners I L.P.LPs: California State Teachers' Retirement System, California Public Employees' Retirement System, Empire State Development – New York Ventures +1 more | 2000 | — | 6.5% | 1.25x | 1.25x |
| Blackstone Mezzanine PartnersLPs: California Public Employees' Retirement System, Michigan Municipal Employees' Retirement System | 1999 | — | 8.6% | 1.26x | 1.26x |
| Blackstone Capital Partners III, L.P.LPs: Connecticut Retirement Plans and Trust Funds | 1997 | — | 14.5% | 2.00x | 2.00x |
| BLACKSTONE GREEN PRT CR FD IIILPs: New York City Board of Education Retirement System | — | — | — | 1.00x | — |
| Blackstone Infrastructure Partners Fund ILPs: West Yorkshire Pension Fund | — | — | — | 1.63x | 0.19x |
| BLACKSTONE REAL ESTATE XLPs: New York City Board of Education Retirement System | — | — | — | 1.03x | — |
| Blackstone Strategic Capital Holdings II L.P.LPs: Michigan Municipal Employees' Retirement System, Texas Municipal Retirement System | — | — | 14.1% | 1.53x | 0.55x |
| GSO COF III Co-Investment Fund LPLPs: Michigan Municipal Employees' Retirement System, Texas Municipal Retirement System | — | — | 11.1% | 1.32x | 1.27x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- Where is The Blackstone Group located?
- The Blackstone Group is headquartered in New York.