{ "crd_number": 137519, "slug": "blackstone-alternative-credit-advisors-lp-new-york-ny-137519", "primary_business_name": "BLACKSTONE ALTERNATIVE CREDIT ADVISORS LP", "legal_name": "BLACKSTONE ALTERNATIVE CREDIT ADVISORS LP", "dbas": [], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2006-01-18", "years_registered": 20, "period": "2026-10-01", "filing_date": "2026-07-30", "carried_forward": false, "raum_total": 44105467693.0, "raum_discretionary": 42568724917.0, "raum_non_discretionary": 1536742776.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 753, "advisory_employees": 443, "client_count_bucket": null, "clients_by_type": { "insurance_companies": { "raum": 6634585190.0, "count": 12 }, "pooled_investment_vehicles": { "raum": 37470882503.0, "count": 124 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 3, "states_registered": [ "TX" ], "websites": [ "https://apple.co/31Pe1Gg", "https://blackstone.com", "https://blackstone.podbean.com", "https://facebook.com/blackstone", "https://instagram.com/blackstone", "https://linkedin.com/company/blackstonegroup", "https://mp.weixin.qq.com/s/FtddoP2F9zDZ1QFBgOQAAA", "https://open.spotify.com/artist/52Eom8vQxM8Lk75ZZlf2hJ", "https://pandora.com/artist/blackstone/ARvlPz9Plblrlmg", "https://soundcloud.com/blackstone-300250613", "https://spoti.fi/2LJ1tHG", "https://x.com/blackstone", "https://youtube.com/user/blackstonegroup" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/137519", "disclosure_items": [ { "item": "11.C(2)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?" }, { "item": "11.C(4)", "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.C(5)", "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?" } ], "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/blackstone-alternative-credit-advisors-lp-new-york-ny-137519", "display_name": "Blackstone Alternative Credit Advisors LP", "summary": "Blackstone Alternative Credit Advisors LP is an SEC-registered investment advisory firm in New York, NY, registered since 2006, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 30, 2026.", "citation": "AdvisorCensus. Blackstone Alternative Credit Advisors LP (CRD 137519): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Blackstone Alternative Credit Advisors LP compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Blackstone Alternative Credit Advisors LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "How much does Blackstone Alternative Credit Advisors LP charge?", "a": "Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Blackstone Alternative Credit Advisors LP located?", "a": "Blackstone Alternative Credit Advisors LP's principal office is in New York, NY, according to its Form ADV; the August 2026 filing also lists 13 other offices (Schedule D, Section 1.F)." }, { "q": "Is Blackstone Alternative Credit Advisors LP registered with the SEC or a state?", "a": "Blackstone Alternative Credit Advisors LP is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 137519." }, { "q": "How much does Blackstone Alternative Credit Advisors LP manage?", "a": "Blackstone Alternative Credit Advisors LP reports $44,105,467,693 in regulatory assets under management in its Form ADV filing dated July 30, 2026 (97% discretionary)." }, { "q": "How have Blackstone Alternative Credit Advisors LP's assets and staff changed since 2021?", "a": "In the Form ADV data for Blackstone Alternative Credit Advisors LP: Regulatory assets under management: $56,978,906,446 in the October 2021 data and $44,105,467,693 in the October 2026 data, down 23%. Total employees: 334 in October 2021 and 753 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Blackstone Alternative Credit Advisors LP serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (124); insurance companies (12)." }, { "q": "Which custodians does Blackstone Alternative Credit Advisors LP use?", "a": "Blackstone Alternative Credit Advisors LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNP Paribas Securities Services Australia Branch, Citibank, National Association and The Bank of New York Mellon as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Blackstone Alternative Credit Advisors LP report any disciplinary disclosures?", "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/137519" }, { "q": "What changed in Blackstone Alternative Credit Advisors LP's recent Form ADV filings?", "a": "In the August 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 56978906446.0, "total_employees": 334, "filing_date": "2021-05-27" }, { "period": "2022-10-01", "regulatory_assets_under_management": 58608018124.0, "total_employees": 402, "filing_date": "2022-05-27" }, { "period": "2023-10-01", "regulatory_assets_under_management": 66062111581.0, "total_employees": 471, "filing_date": "2023-04-30" }, { "period": "2024-10-01", "regulatory_assets_under_management": 60249841984.0, "total_employees": 495, "filing_date": "2024-08-01" }, { "period": "2025-10-01", "regulatory_assets_under_management": 46491205011.0, "total_employees": 592, "filing_date": "2025-05-29" }, { "period": "2026-10-01", "regulatory_assets_under_management": 44105467693.0, "total_employees": 753, "filing_date": "2026-07-30" } ], "recent_changes": [ { "period": "2026-08-01", "period_label": "August 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 344 to 443.", "Changed its office addresses in Frankfurt Am Main.", "Changed its office addresses in London.", "Added an office in Chicago, IL." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 30, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": "2% of assets a year", "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: up to 2% of assets a year (the maximum the brochure states)" ], "quotes": [ "For its investment advisory services provided to Clients, the Registrant or an affiliated entity will typically receive a management fee at an annual rate of up to 2% of either the net assets or invested capital" ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": 2.0, "account_minimum": null, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "For its investment advisory services provided to Clients, the Registrant or an affiliated entity will typically receive a management fee at an annual rate of up to 2% of either the net assets or invested capital" ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "BNP Paribas Securities Services Australia Branch", "name_as_filed": "BNP PARIBAS SECURITIES SERVICES AUSTRALIA BRANCH", "affiliated": false }, { "name": "Citibank, National Association", "name_as_filed": "CITIBANK, NATIONAL ASSOCIATION", "affiliated": false }, { "name": "The Bank of New York Mellon", "name_as_filed": "THE BANK OF NEW YORK MELLON", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/blackstone-alternative-credit-advisors-lp-new-york-ny-137519.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 124, "fewer_than_5": false, "raum": 37470882503.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": 12, "fewer_than_5": false, "raum": 6634585190.0 } ], "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/137519", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }