{
  "crd_number": 152294,
  "slug": "blackstone-liquid-credit-advisors-i-llc-new-york-ny-152294",
  "primary_business_name": "BLACKSTONE LIQUID CREDIT ADVISORS I LLC",
  "legal_name": "BLACKSTONE LIQUID CREDIT ADVISORS I 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": "2009-12-07",
  "years_registered": 16,
  "period": "2026-10-01",
  "filing_date": "2026-07-30",
  "carried_forward": false,
  "raum_total": 51630824113.0,
  "raum_discretionary": 51630824113.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 711,
  "advisory_employees": 408,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 2947263.0,
      "count": null,
      "description": "AFFILIATE BALANCE SHEET INVESTMENT",
      "fewer_than_5": true
    },
    "banking_thrift": {
      "raum": 229640736.0,
      "count": null,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 47738688309.0,
      "count": 43
    },
    "pension_profit_sharing": {
      "raum": 1703471339.0,
      "count": 6
    },
    "high_net_worth_individuals": {
      "raum": 1038613618.0,
      "count": null,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 691178585.0,
      "count": 7
    },
    "corporations_other_businesses": {
      "raum": 226284263.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "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/152294",
  "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-liquid-credit-advisors-i-llc-new-york-ny-152294",
  "display_name": "Blackstone Liquid Credit Advisors I LLC",
  "summary": "Blackstone Liquid Credit Advisors I LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2009, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 30, 2026.",
  "citation": "AdvisorCensus. Blackstone Liquid Credit Advisors I LLC (CRD 152294): 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 Liquid Credit Advisors I LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Blackstone Liquid Credit Advisors I LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "How much does Blackstone Liquid Credit Advisors I 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 Liquid Credit Advisors I LLC located?",
      "a": "Blackstone Liquid Credit Advisors I LLC's principal office is in New York, NY, according to its Form ADV; the August 2026 filing also lists 5 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Blackstone Liquid Credit Advisors I LLC registered with the SEC or a state?",
      "a": "Blackstone Liquid Credit Advisors I LLC is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 152294."
    },
    {
      "q": "How much does Blackstone Liquid Credit Advisors I LLC manage?",
      "a": "Blackstone Liquid Credit Advisors I LLC reports $51,630,824,113 in regulatory assets under management in its Form ADV filing dated July 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Blackstone Liquid Credit Advisors I LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Blackstone Liquid Credit Advisors I LLC: Regulatory assets under management: $28,357,538,072 in the October 2021 data and $51,630,824,113 in the October 2026 data, up 82%. Total employees: 322 in October 2021 and 711 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Blackstone Liquid Credit Advisors I LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: insurance companies (43); pooled investment vehicles (other than investment companies and business development companies) (7); pension and profit sharing plans (but not the plan participants or government pension plans) (6)."
    },
    {
      "q": "Which custodians does Blackstone Liquid Credit Advisors I LLC use?",
      "a": "Blackstone Liquid Credit Advisors I LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Citibank, National Association, Computershare Trust Company, National Association, JPMorgan Chase Bank, National Association and The Bank of New York Mellon as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Blackstone Liquid Credit Advisors I LLC 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/152294"
    },
    {
      "q": "What changed in Blackstone Liquid Credit Advisors I LLC'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": 28357538072.0,
      "total_employees": 322,
      "filing_date": "2021-05-27"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 48867944542.0,
      "total_employees": 362,
      "filing_date": "2022-05-27"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 43178683458.0,
      "total_employees": 407,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 39821574314.0,
      "total_employees": 435,
      "filing_date": "2024-08-01"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 38906021413.0,
      "total_employees": 543,
      "filing_date": "2025-07-08"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 51630824113.0,
      "total_employees": 711,
      "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 304 to 408.",
        "Regulatory assets under management went from $38,906,021,413 to $51,630,824,113 (+33%).",
        "Changed its office addresses in London.",
        "Added an office in San Francisco, CA."
      ]
    }
  ],
  "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": "Computershare Trust Company, National Association",
      "name_as_filed": "COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION",
      "affiliated": false
    },
    {
      "name": "JPMorgan Chase Bank, National Association",
      "name_as_filed": "JPMORGAN CHASE BANK, 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-liquid-credit-advisors-i-llc-new-york-ny-152294.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": null,
      "fewer_than_5": true,
      "raum": 1038613618.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 229640736.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 7,
      "fewer_than_5": false,
      "raum": 691178585.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 6,
      "fewer_than_5": false,
      "raum": 1703471339.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 43,
      "fewer_than_5": false,
      "raum": 47738688309.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 226284263.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": null,
      "fewer_than_5": true,
      "raum": 2947263.0
    }
  ],
  "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/152294",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}