# Blackstone Asset Based Finance Advisors LP

> 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.

- CRD: 120934
- Filed as: BLACKSTONE ASSET BASED FINANCE ADVISORS LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: July 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/120934
- AdvisorCensus page: https://advisorcensus.com/firm/blackstone-asset-based-finance-advisors-lp-new-york-ny-120934

## Quick answers

**How is Blackstone Asset Based Finance Advisors LP compensated?**
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.

**Where is Blackstone Asset Based Finance Advisors LP located?**
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).

**Is Blackstone Asset Based Finance Advisors LP registered with the SEC or a state?**
Blackstone Asset Based Finance Advisors LP is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 120934.

**How much does Blackstone Asset Based Finance Advisors LP manage?**
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).

**How have Blackstone Asset Based Finance Advisors LP's assets and staff changed since 2021?**
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.

**What types of clients does Blackstone Asset Based Finance Advisors LP serve?**
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).

**Which custodians does Blackstone Asset Based Finance Advisors LP use?**
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.

**Does Blackstone Asset Based Finance Advisors LP 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/120934

**What changed in Blackstone Asset Based Finance Advisors LP's recent Form ADV filings?**
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Citibank, National Association
- The Bank of New York Mellon

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.

### Regulatory assets under management (Item 5.F)
- Total: $70,449,957,304
- Discretionary: $66,611,391,109
- Non-discretionary: $3,838,566,195

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 40 | $2,599,491,046 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $302,336,949 |
| State or municipal government entities (including government pension plans) | 1 | $98,620,267 |
| Insurance companies | 70 | $67,449,509,042 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2002 (24 years)
- Employees: 677 total, 386 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- 8 Marina Boulevard
- Houston, TX
- London
- Mumbai
- Sydney
- Tokyo

### Websites listed on Form ADV (Item 1.I)
- apple.co/31Pe1Gg
- blackstone.com
- blackstone.podbean.com
- mp.weixin.qq.com/s/FtddoP2F9zDZ1QFBgOQAAA
- open.spotify.com/artist/52Eom8vQxM8Lk75ZZlf2hJ
- pandora.com/artist/blackstone/ARvlPz9Plblrlmg
- soundcloud.com/blackstone-300250613
- spoti.fi/2LJ1tHG
- Facebook @blackstone
- Instagram @blackstone
- LinkedIn @blackstonegroup
- X @blackstone
- YouTube @blackstonegroup

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $6,524,988,628 | 283 | May 27, 2021 |
| October 2022 | $19,973,110,875 | 48 | March 31, 2022 |
| October 2023 | $22,489,023,238 | 63 | September 8, 2023 |
| October 2024 | $27,836,226,989 | 128 | August 1, 2024 |
| October 2025 | $53,309,646,953 | 519 | April 7, 2025 |
| October 2026 | $70,449,957,304 | 677 | July 30, 2026 |

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.

## Changes in the filing (last 12 months)

### August 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Blackstone Asset Based Finance Advisors LP (CRD 120934): Form ADV filing data as of October 2026.