{
  "crd_number": 120934,
  "slug": "blackstone-asset-based-finance-advisors-lp-new-york-ny-120934",
  "primary_business_name": "BLACKSTONE ASSET BASED FINANCE ADVISORS LP",
  "legal_name": "BLACKSTONE ASSET BASED FINANCE 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": "2002-09-23",
  "years_registered": 24,
  "period": "2026-10-01",
  "filing_date": "2026-07-30",
  "carried_forward": false,
  "raum_total": 70449957304.0,
  "raum_discretionary": 66611391109.0,
  "raum_non_discretionary": 3838566195.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 677,
  "advisory_employees": 386,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "state_municipal": {
      "raum": 98620267.0,
      "count": 1,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 67449509042.0,
      "count": 70
    },
    "pension_profit_sharing": {
      "raum": 302336949.0,
      "count": 2,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 2599491046.0,
      "count": 40
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "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/120934",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/blackstone-asset-based-finance-advisors-lp-new-york-ny-120934",
  "display_name": "Blackstone Asset Based Finance Advisors LP",
  "summary": "Blackstone Asset Based Finance Advisors LP is an SEC-registered investment advisory firm in New York, NY, registered since 2002, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 30, 2026.",
  "citation": "AdvisorCensus. Blackstone Asset Based Finance Advisors LP (CRD 120934): 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 Asset Based Finance Advisors LP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Blackstone Asset Based Finance Advisors LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Blackstone Asset Based Finance Advisors LP located?",
      "a": "Blackstone Asset Based Finance Advisors LP's principal office is in New York, NY, according to its Form ADV; the August 2026 filing also lists 6 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Blackstone Asset Based Finance Advisors LP registered with the SEC or a state?",
      "a": "Blackstone Asset Based Finance Advisors LP is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 120934."
    },
    {
      "q": "How much does Blackstone Asset Based Finance Advisors LP manage?",
      "a": "Blackstone Asset Based Finance Advisors LP reports $70,449,957,304 in regulatory assets under management in its Form ADV filing dated July 30, 2026 (95% discretionary)."
    },
    {
      "q": "How have Blackstone Asset Based Finance Advisors LP's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Blackstone Asset Based Finance Advisors LP: Regulatory assets under management: $6,524,988,628 in the October 2021 data and $70,449,957,304 in the October 2026 data, up 980%. Total employees: 283 in October 2021 and 677 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Blackstone Asset Based Finance Advisors LP serve?",
      "a": "By number of clients on Form ADV Item 5.D: insurance companies (70); pooled investment vehicles (other than investment companies and business development companies) (40); pension and profit sharing plans (but not the plan participants or government pension plans) (2)."
    },
    {
      "q": "Which custodians does Blackstone Asset Based Finance Advisors LP use?",
      "a": "Blackstone Asset Based Finance Advisors LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists 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 Asset Based Finance Advisors LP report any disciplinary disclosures?",
      "a": "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/120934"
    },
    {
      "q": "What changed in Blackstone Asset Based Finance 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": 6524988628.0,
      "total_employees": 283,
      "filing_date": "2021-05-27"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 19973110875.0,
      "total_employees": 48,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 22489023238.0,
      "total_employees": 63,
      "filing_date": "2023-09-08"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 27836226989.0,
      "total_employees": 128,
      "filing_date": "2024-08-01"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 53309646953.0,
      "total_employees": 519,
      "filing_date": "2025-04-07"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 70449957304.0,
      "total_employees": 677,
      "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 297 to 386.",
        "Regulatory assets under management went from $53,309,646,953 to $70,449,957,304 (+32%).",
        "Changed its office addresses in London.",
        "Added an office in 8 Marina Boulevard.",
        "Added an office in Sydney.",
        "Added an office in Tokyo."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "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-asset-based-finance-advisors-lp-new-york-ny-120934.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 40,
      "fewer_than_5": false,
      "raum": 2599491046.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 2,
      "fewer_than_5": true,
      "raum": 302336949.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 1,
      "fewer_than_5": true,
      "raum": 98620267.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 70,
      "fewer_than_5": false,
      "raum": 67449509042.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "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/120934",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}