PRESENTED TO :- PRESENTED BY:
Ms. Khushboo Sherwani ADITI DIXIT (BM-018016)
ADITI THAPLIYAL (BM- 018017)
ALPANA TYAGI (BM-018030)
AMAN VARSHNEY (BM- 018033)
ARCHIT GOEL (BM-018052)
PRANAV SINGHAL (BM- 018379)
A BRIEF INTRODUCTION
FOUNDER – PETER GEORGE PETERSON & STEPHEN A. SCHWARZMAN
FOUNDED – 1985
BUSINESS – FINANCIAL SERVICES
NUMBER OF EMPLOYEES – 2360 (2017)
TOTAL ASSETS – $ 34.429 BILLION (2017)
NET INCOME – $ 1.471 BILLION (2017)
NUMBER OF BRANCHES – 25
Blackstone has four business segments
Private Equity – seven general private equity funds and three sector focused funds
with $105.56 billion of assets under management.
Real Estate – world's largest real estate private equity firm with $119 billion of
assets under management.
Hedge Fund Solutions – composed principally of Blackstone Alternative Asset
Management (BAAM), the world’s largest discretionary investor in hedge funds.
Credit – consists principally of GSO Capital Partners, one of the world's largest
(credit-oriented) leveraged finance-focused alternative asset managers.
BACKGROUND INFORMATION
Blackstone could invest $4 billion in India over next 5
years
Global private equity major Blackstone Group might invest 60 per cent
of its maiden $4-billion Asia-focused funds in India, according to
a Livemint report.
Blackstone may buy stake in jet arm
Us private equity firm Blackstone group LP is in talks to acquire a stake in
the frequent-flier loyalty programme of jet airways (INDIA) ltd,
BLOOMBERG reported on Wednesday, citing people familiar with the
matter.
Blackstone to put Pune IT Parks sale on hold, may add to REIT
The Blackstone Group LP, US-based global PE giant has put on hold the sales of its IT
Parks in Pune as it is considering to add them to the REIT (Real Estate Investment trust)
along with Embassy Office Parks. However, Blackstone has not concluded its discussion
with global PE firm, the Xander Group that has emerged as the front runner in acquiring
these assets after their bid
Blackstone to develop 2 more projects with Salarpuria Group
US-based private equity major Blackstone Group and realty developer Salarpuria
Sattva Group have extended their partnership to develop two more commercial projects
spread over 6 million sq ft in Hyderabad.
Corporate Social Responsibility
From its founding, Blackstone has dedicated itself to being a responsible
corporate citizen. Blackstone commitment to corporate responsibility is
embedded into every investment decision they make.
Working with the Private Equity Growth Capital Counsel (PEGCC) in
2009, Blackstone helped craft a set of Guidelines for Responsible
Investment that incorporate environmental, health, safety, labour,
governance and social issues into investment decision-making and
ownership activities. The firm performs an analysis of the relevant
environmental, public health, safety and social issues and continues to
monitor those issues during its period of engagement. Some of them are
:-
In 2009, Blackstone funded a management
Meerwind
team to create Transmission Developers
Inc. TDI is in the process of developing an
innovative power transmission line that will
bring safe, secure, affordable, renewable
power to New York and New England from
the U.S.-Canadian border.
In 2011, Blackstone announced the
financial closing for “Meerwind,” the
largest German offshore wind farm to
complete its full financing process. The
288MW wind farm is projected to power
360,000 households and eliminate one
million tons of carbon emissions per year...
Clean Power
COMPARATIVE BALANCE SHEET
Private Equity
Comparative Balance Sheet 2016-2017
( Dollars in Thousands)
Particulars 2017 2016 Absolute Change Change in %
Management and Advisory Fees, Net
Base Management Fees $ 7,24,818 $ 5,55,593 $ 1,69,225 $ 23
Transaction, Advisory and Other Fees, Net 57,624 39,283 $ 18,341 $ 32
Management Fee Offsets (18,007) (34,810) $ 16,803 $ (93)
Total Management and Advisory Fees, Net 7,64,435 5,60,066 $ 2,04,369 $ 27
Performance Revenues
Realized Performance Allocations 11,57,188 2,45,268 $ 9,11,920 $ 79
Unrealized Performance Allocations (13,214) 4,25,691 $ (4,38,905) $ 3,322
Total Performance Revenues 11,43,974 6,70,959 $ 4,73,015 $ 41
Principal Investment Income (Loss)
Realized 1,54,837 73,377 $ 81,460 $ 53
Unrealized (51,417) (4,593)
$ (46,824) $ 91
Total Principal Investment Income 1,03,420 68,784 $ 34,636 $ 33
Interest Income and Dividend Revenue 32,838 25,364 $ 7,474 $ 23
Other (35,662) 20,458
$ (56,120) $ 157
Total Revenues 20,09,005 13,45,631 $ 6,63,374 $ 33
Expenses
Compensation 3,62,674 3,09,968
$ 52,706 $ 15
Performance Compensation
Realized Performance Allocations 4,04,544 1,10,882
$ 2,93,662 $ 73
Unrealized Performance Allocations 71,095 1,63,937
$ (92,842) $ (131)
Total Compensation and Benefits 8,38,313 5,84,787
$ 2,53,526 $ 30
Interest Expense 51,129 49,126
$ 2,003 $ 4
Other Operating Expenses 1,20,997 1,30,685
$ (9,688) $ (8)
Total Expenses 10,10,439 7,64,598
$ 2,45,841 $ 24
Real Estate
Comparative Balance Sheet 2016-2017
(Dollars in Thousands)
PARTICULARS Change in
2017 2016 Absolute Change
%
Revenues
Management Fees, Net
Base Management Fees $ 8,72,191 $ 7,95,161 $ 77,030 8.831781112
Transaction and Other Fees, Net 82,781 95,324 $ (12,543) -15.15202764
Management Fee Offsets (15,934) (7,322) $ (8,612) 54.04794778
Total Management Fees, Net 9,39,038 8,83,163 $ 55,875 5.950238436
Performance Revenues
Realized Incentive Fees 31,632 29,635 $ 1,997 6.313227112
Realized Performance Allocations 21,89,242 12,03,474 $ 9,85,768 45.02782242
Unrealized Performance Allocations (1,43,189) (1,11,470) $ (31,719) 22.15184127
Total Performance Revenues 20,77,685 11,21,639 $ 9,56,046 46.01496377
Principal Investment Income (Loss)
Realized 2,55,903 1,22,712 $ 1,33,191 52.04745548
Unrealized (1,22,220) (1,119) $ (1,21,101) 99.0844379
Total Principal Investment Income 1,33,683 1,21,593 $ 12,090 9.04378268
Interest Income and Dividend Revenue 58,084 38,453 $ 19,631 33.79760347
Expenses
Compensation 4,27,211 3,85,352 9.798202762
$ 41,859
Performance Compensation
Realized Incentive Fees 16,214 12,116 25.27445418
$ 4,098
Realized Performance Allocations 7,72,990 3,32,591 56.97344079
$ 4,40,399
Unrealized Performance Allocations 15,432 61,647 -299.4751166
$ (46,215)
Total Compensation and Benefits 12,31,847 7,91,706 35.73016779
$ 4,40,141
Interest Expense 71,341 49,849 30.12573415
$ 21,492
Other Operating Expenses 1,36,042 1,37,581 -1.131268285
$ (1,539)
Total Expenses 14,39,230 9,79,136 31.96806626
$ 4,60,094
Economic Income $ 17,17,835 $ 12,02,235 30.0145241
$ 5,15,600
Total Assets Under Management $ 11,53,40,363 $ 10,19,63,652 11.59759745
$ 1,33,76,711
Fee-Earning Assets Under Management $ 8,39,84,824 $ 7,20,30,054 14.23444074
$ 1,19,54,770
Hedge Fund Solutions
Comparative Balance Sheet 2016-2017
(Dollars in Thousands)
PARTICULARS 2017 2016 Absolute Change Change in %
Revenues
Management Fees, Net
Base Management Fees $ 5,16,048 $ 5,21,736 $ (5,688) -1.102223049
Transaction and Other Fees, Net 2,980 1,061 $ 1,919 64.39597315
Management Fee Offsets (93) - $ (93) 100
Total Management Fees, Net 5,18,935 5,22,797 $ (3,862) -0.74421652
Performance Revenues
Realized Incentive Fees 1,06,852 30,795 $ 76,057 71.17976266
Realized Performance Allocations 47,491 11,382 $ 36,109 76.03335369
Unrealized Performance Allocations 8,344 845 $ 7,499 89.87296261
Total Performance Revenues 1,62,687 43,022 $ 1,19,665 73.55535476
Principal Investment Income (Loss)
Realized 9,074 (7,224) $ 16,298 179.6120785
Unrealized 41,012 15,462 $ 25,550 62.29883936
Total Principal Investment Income (Loss) 50,086 8,238 $ 41,848 83.55229006
Interest Income and Dividend Revenue 21,525 13,864 $ 7,661 35.59117305
Other (24,380) 8,157 $ (32,537) 133.4577523
Expenses
Compensation 1,76,782 1,85,320 $
(8,538) -4.82967723
Performance Compensation
Realized Incentive Fees 37,132 14,315
$ 22,817 61.44834644
Realized Performance Allocations 16,216 5,082
$ 11,134 68.66058214
Unrealized Performance Allocations 3,117 307
$ 2,810 90.15078601
Total Compensation and Benefits 2,33,247 2,05,024
$ 28,223 12.10004845
Interest Expense 31,618 24,524
$ 7,094 22.43658675
Other Operating Expenses 68,265 75,870
$ (7,605) -11.1404087
Total Expenses 3,33,130 3,05,418
$ 27,712 8.318674391
Economic Income $ 3,95,723 $ 2,90,660
$ 1,05,063 26.54963194
Total Assets Under Management $ 7,50,90,834 $ 7,11,19,718
$ 39,71,116 5.288416426
Fee-Earning Assets Under Management $ 6,99,14,061 $ 6,69,87,553
$ 29,26,508 4.1858647
Credit
Comparative Balance Sheet 2016-2017
(Dollars in Thousands)
PARTICULARS 2017 2016 Absolute Change Change in %
Revenues
Management Fees, Net
Base Management Fees $ 5,67,334 $ 5,25,289 $ 42,045 7.410978365
Transaction and Other Fees, Net 13,431 9,190 $ 4,241 31.5762043
Management Fee Offsets (32,382) (37,512) $ 5,130 -15.84213452
Total Management Fees, Net 5,48,383 4,96,967 $ 51,416 9.375928867
Performance Revenues
Realized Incentive Fees 1,05,900 90,611 $ 15,289 14.43720491
Realized Performance Allocations 1,78,947 35,851 $ 1,43,096 79.9655764
Unrealized Performance Allocations 42,627 2,15,054 $ (1,72,427) -404.5018416
Total Performance Revenues 3,27,474 3,41,516 $ (14,042) -4.287974007
Principal Investment Income (Loss)
Realized 16,380 11,004 $ 5,376 32.82051282
Unrealized 1,419 10,671 $ (9,252) -652.0084567
Total Principal Investment Income (Loss) 17,799 21,675 $ (3,876) -21.7765043
Interest Income and Dividend Revenue 30,473 18,718 $ 11,755 38.57513208
Other (28,584) 9,574 $ (38,158) 133.4942625
Expenses
Compensation 2,36,449 2,02,576
$ 33,873 14.32571083
Performance Compensation
Realized Incentive Fees 51,933 42,490
$ 9,443 18.18304354
Realized Performance Allocations 88,215 16,574
$ 71,641 81.21181205
Unrealized Performance Allocations 14,150 1,07,637 $
(93,487) -660.6855124
Total Compensation and Benefits 3,90,747 3,69,277
$ 21,470 5.494603925
Interest Expense 38,750 24,523
$ 14,227 36.71483871
Other Operating Expenses 99,562 87,700
$ 11,862 11.91418413
Total Expenses 5,29,059 4,81,500
$ 47,559 8.989356575
Economic Income $ 3,66,486 $ 4,06,950 $
(40,464) -11.0410766
Total Assets Under Management $ 13,81,36,470 $ 9,32,80,101
$ 4,48,56,369 32.47250274
Fee-Earning Assets Under Management $ 11,13,04,230 $ 6,89,64,608
$ 4,23,39,622 38.03954441
REVIEWS
4 Jul 2017
"Worst company”: I have been working at The Blackstone Group full-time (More than a year)
Pros
None observed so far in 6 months
Cons
Micromanagement , work pressure , bad work culture
11 Sep 2018
"Great Place to Work“: Former Employee - Anonymous Employee
Pros
Folks are off the chart smart
Cons
Limited career path or growth
21 Aug 2018
"Associate“: I have been working at The Blackstone Group full-time (More than 8 years)
Pros
Nice work environment. Great people.
Cons
Bonus was slashed last year due to corporate restructuring
JOB DESCRIPTION
Candidate must be a B.Com + MBA Finance with knowledge of Accounting
0-1 year of accounting experience
Fluent in English
Attention to detail
Team player
Strong Analytical skills
Strong Microsoft Office skills (MS Excel, MS PowerPoint and MS Word)
The ability to effectively work as an individual contributor and possess strong
analytical, problem solving, critical thinking and decision-making skills, multitask
and deliver under tight deadlines.
The profile involves effective communication across Clients’ facilities globally
and hence possessing excellent interpersonal and communication skills in verbal
and written English is a must.
A desire to work in an international team environment, often under pressure.
Key Responsibilities
Assist in Book keeping, Quarterly closure of books, Preparation of Financial
Statements, and Investor reporting et al across various Private Equity funds.
Preparation of Distribution allocation and Investor schedules, Preparation and
Calculation of Management Fee allocation and schedules, Performance fees, and
preparation of fund transfer wires for distribution and repayment of line of
credit.
Assist in various cash management functions including preparation of Weekly
Cash report, Cash tracking of Capital activities, and Invoice processing.
Other adhoc tasks/projects
