{ "crd_number": 134018, "slug": "blackstone-credit-systematic-strategies-llc-new-york-ny-134018", "primary_business_name": "BLACKSTONE CREDIT SYSTEMATIC STRATEGIES LLC", "legal_name": "BLACKSTONE CREDIT SYSTEMATIC STRATEGIES LLC", "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": "2005-02-07", "years_registered": 21, "period": "2026-10-01", "filing_date": "2026-03-30", "carried_forward": false, "raum_total": 35710619342.0, "raum_discretionary": 35218820469.0, "raum_non_discretionary": 491798873.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 630, "advisory_employees": 339, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "other": { "raum": 1805826888.0, "count": null, "description": "EU PENSION", "fewer_than_5": true }, "insurance_companies": { "raum": 20928140169.0, "count": 12 }, "investment_companies": { "raum": 1089458322.0, "count": 3 }, "pension_profit_sharing": { "raum": 4298822558.0, "count": 11 }, "other_investment_advisers": { "raum": 629550497.0, "count": null, "fewer_than_5": true }, "pooled_investment_vehicles": { "raum": 6890457340.0, "count": 18 }, "corporations_other_businesses": { "raum": 68363568.0, "count": null, "fewer_than_5": true } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA" ], "websites": [ "https://apple.co/31Pe1Gg", "https://blackstone.com", "https://blackstone.com/corporate-bond-strategies", "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/134018", "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/blackstone-credit-systematic-strategies-llc-new-york-ny-134018", "display_name": "Blackstone Credit Systematic Strategies LLC", "summary": "Blackstone Credit Systematic Strategies LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2005, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.", "citation": "AdvisorCensus. Blackstone Credit Systematic Strategies LLC (CRD 134018): 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 investment companies (and business development companies)", "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 Credit Systematic Strategies LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Blackstone Credit Systematic Strategies LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "How much does Blackstone Credit Systematic Strategies LLC 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 Credit Systematic Strategies LLC located?", "a": "Blackstone Credit Systematic Strategies LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F)." }, { "q": "Is Blackstone Credit Systematic Strategies LLC registered with the SEC or a state?", "a": "Blackstone Credit Systematic Strategies LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 134018." }, { "q": "How much does Blackstone Credit Systematic Strategies LLC manage?", "a": "Blackstone Credit Systematic Strategies LLC reports $35,710,619,342 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (99% discretionary)." }, { "q": "How have Blackstone Credit Systematic Strategies LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Blackstone Credit Systematic Strategies LLC: Regulatory assets under management: $7,836,215,880 in the October 2021 data and $35,710,619,342 in the October 2026 data, up 356%. Total employees: 308 in October 2021 and 630 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Blackstone Credit Systematic Strategies LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (18); insurance companies (12); pension and profit sharing plans (but not the plan participants or government pension plans) (11)." }, { "q": "Which custodians does Blackstone Credit Systematic Strategies LLC use?", "a": "Blackstone Credit Systematic Strategies LLC'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 Credit Systematic Strategies LLC 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/134018" }, { "q": "What changed in Blackstone Credit Systematic Strategies LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 283 to 339. Regulatory assets under management went from $30,051,564,772 to $35,710,619,342 (+19%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 7836215880.0, "total_employees": 308, "filing_date": "2021-05-27" }, { "period": "2022-10-01", "regulatory_assets_under_management": 23770501434.0, "total_employees": 383, "filing_date": "2022-05-27" }, { "period": "2023-10-01", "regulatory_assets_under_management": 15258010475.0, "total_employees": 390, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 27894440220.0, "total_employees": 418, "filing_date": "2024-08-01" }, { "period": "2025-10-01", "regulatory_assets_under_management": 30051564772.0, "total_employees": 508, "filing_date": "2025-07-08" }, { "period": "2026-10-01", "regulatory_assets_under_management": 35710619342.0, "total_employees": 630, "filing_date": "2026-03-30" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 283 to 339.", "Regulatory assets under management went from $30,051,564,772 to $35,710,619,342 (+19%)." ] } ], "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": "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-credit-systematic-strategies-llc-new-york-ny-134018.md", "clients": [ { "type": "investment_companies", "label": "Investment companies", "count": 3, "fewer_than_5": false, "raum": 1089458322.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 18, "fewer_than_5": false, "raum": 6890457340.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 11, "fewer_than_5": false, "raum": 4298822558.0 }, { "type": "other_investment_advisers", "label": "Other investment advisers", "count": null, "fewer_than_5": true, "raum": 629550497.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": 12, "fewer_than_5": false, "raum": 20928140169.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": null, "fewer_than_5": true, "raum": 68363568.0 }, { "type": "other", "label": "Other", "count": null, "fewer_than_5": true, "raum": 1805826888.0 } ], "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/134018", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }