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Blackstone Alternative Asset Management L.P.
Filed as BLACKSTONE ALTERNATIVE ASSET MANAGEMENT L.P.
Blackstone Alternative Asset Management L.P. is an SEC-registered investment advisory firm in New York, NY, registered since 1996, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 4, 2026.
Quick answers
From the filingHow is Blackstone Alternative Asset Management L.P. compensated?
On its Form ADV (Item 5.E, October 2026), Blackstone Alternative Asset Management L.P. reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
Where is Blackstone Alternative Asset Management L.P. located?
Blackstone Alternative Asset Management L.P.'s principal office is in New York, NY, according to its Form ADV; the September 2026 filing also lists 6 other offices (Schedule D, Section 1.F).
Is Blackstone Alternative Asset Management L.P. registered with the SEC or a state?
Blackstone Alternative Asset Management L.P. is an SEC-registered investment advisory firm, registered since 1996. Status as filed: Approved. CRD 107580.
How much does Blackstone Alternative Asset Management L.P. manage?
Blackstone Alternative Asset Management L.P. reports $92,037,918,363 in regulatory assets under management in its Form ADV filing dated August 4, 2026 (96% discretionary).
How have Blackstone Alternative Asset Management L.P.'s assets and staff changed since 2021?
In the Form ADV data for Blackstone Alternative Asset Management L.P.: Regulatory assets under management: $65,535,521,556 in the October 2021 data and $92,037,918,363 in the October 2026 data, up 40%. Total employees: 284 in October 2021 and 293 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Blackstone Alternative Asset Management L.P. serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (159); pension and profit sharing plans (but not the plan participants or government pension plans) (10); sovereign wealth funds and foreign official institutions (7).
Which custodians does Blackstone Alternative Asset Management L.P. use?
Blackstone Alternative Asset Management L.P.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Citco Canada, Northern Trust and RBC as custodians holding 10% or more of its separately managed account assets.
Does Blackstone Alternative Asset Management L.P. report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107580
What changed in Blackstone Alternative Asset Management L.P.'s recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 108 to 111. Regulatory assets under management went from $78,043,129,621 to $92,037,918,363 (+18%). Added an office in Miami, FL.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated August 4, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$92,037,918,363 as of October 2026, filing dated August 4, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1996 (30 years)
- Employees
- Total: 293. Performing investment advisory functions: 111.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- Other offices (Schedule D, Section 1.F)
-
6 other offices, as of the September 2026 filing
- States registered or notice-filed
- Not reported.
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $92,037,918,363 | 293 | August 4, 2026 |
| October 2025 | $78,043,129,621 | 292 | July 10, 2025 |
| October 2024 | $69,650,795,004 | 290 | July 9, 2024 |
| October 2023 | $69,826,405,157 | 342 | July 12, 2023 |
| October 2022 | $70,822,708,640 | 324 | September 13, 2022 |
| October 2021 | $65,535,521,556 | 284 | August 10, 2021 |
Regulatory assets under management: $65,535,521,556 in the October 2021 data and $92,037,918,363 in the October 2026 data, up 40%.
Total employees: 284 in October 2021 and 293 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 108 to 111.
- Regulatory assets under management went from $78,043,129,621 to $92,037,918,363 (+18%).
- Added an office in Miami, FL.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Blackstone Alternative Asset Management L.P. (CRD 107580): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/blackstone-alternative-asset-management-l-p-new-york-ny-107580