# Blackstone Credit Systematic Strategies LLC

> 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.

- CRD: 134018
- Filed as: BLACKSTONE CREDIT SYSTEMATIC STRATEGIES LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/134018
- AdvisorCensus page: https://advisorcensus.com/firm/blackstone-credit-systematic-strategies-llc-new-york-ny-134018

## Quick answers

**How is Blackstone Credit Systematic Strategies LLC compensated?**
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.

**How much does Blackstone Credit Systematic Strategies LLC charge?**
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.

**Where is Blackstone Credit Systematic Strategies LLC located?**
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).

**Is Blackstone Credit Systematic Strategies LLC registered with the SEC or a state?**
Blackstone Credit Systematic Strategies LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 134018.

**How much does Blackstone Credit Systematic Strategies LLC manage?**
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).

**How have Blackstone Credit Systematic Strategies LLC's assets and staff changed since 2021?**
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.

**What types of clients does Blackstone Credit Systematic Strategies LLC serve?**
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).

**Which custodians does Blackstone Credit Systematic Strategies LLC use?**
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.

**Does Blackstone Credit Systematic Strategies LLC 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/134018

**What changed in Blackstone Credit Systematic Strategies LLC's recent Form ADV filings?**
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%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> 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

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### 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: $35,710,619,342
- Discretionary: $35,218,820,469
- Non-discretionary: $491,798,873

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 3 | $1,089,458,322 |
| Pooled investment vehicles (other than investment companies and business development companies) | 18 | $6,890,457,340 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 11 | $4,298,822,558 |
| Other investment advisers | Fewer than 5 | $629,550,497 |
| Insurance companies | 12 | $20,928,140,169 |
| Corporations or other businesses not listed above | Fewer than 5 | $68,363,568 |
| Other | Fewer than 5 | $1,805,826,888 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2005 (21 years)
- Employees: 630 total, 339 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Dublin 2
- Mumbai
- San Francisco, CA

### Websites listed on Form ADV (Item 1.I)
- [apple.co/31Pe1Gg](https://apple.co/31Pe1Gg)
- [blackstone.com](https://blackstone.com)
- [blackstone.com/corporate-bond-strategies](https://blackstone.com/corporate-bond-strategies)
- [blackstone.podbean.com](https://blackstone.podbean.com)
- [mp.weixin.qq.com/s/FtddoP2F9zDZ1QFBgOQAAA](https://mp.weixin.qq.com/s/FtddoP2F9zDZ1QFBgOQAAA)
- [open.spotify.com/artist/52Eom8vQxM8Lk75ZZlf2hJ](https://open.spotify.com/artist/52Eom8vQxM8Lk75ZZlf2hJ)
- [pandora.com/artist/blackstone/ARvlPz9Plblrlmg](https://pandora.com/artist/blackstone/ARvlPz9Plblrlmg)
- [soundcloud.com/blackstone-300250613](https://soundcloud.com/blackstone-300250613)
- [spoti.fi/2LJ1tHG](https://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 | $7,836,215,880 | 308 | May 27, 2021 |
| October 2022 | $23,770,501,434 | 383 | May 27, 2022 |
| October 2023 | $15,258,010,475 | 390 | March 31, 2023 |
| October 2024 | $27,894,440,220 | 418 | August 1, 2024 |
| October 2025 | $30,051,564,772 | 508 | July 8, 2025 |
| October 2026 | $35,710,619,342 | 630 | March 30, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Blackstone Credit Systematic Strategies LLC (CRD 134018): Form ADV filing data as of October 2026.