# Blackstone Multi-Asset Advisors L.L.C.

> Blackstone Multi-Asset Advisors L.L.C. is an SEC-registered investment advisory firm in New York, NY, registered since 2014, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 31, 2026.

- CRD: 171640
- Filed as: BLACKSTONE MULTI-ASSET ADVISORS L.L.C.
- Also doing business as: BLACKSTONE TOTAL ALTERNATIVES SOLUTION ADVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: July 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/171640
- AdvisorCensus page: https://advisorcensus.com/firm/blackstone-multi-asset-advisors-l-l-c-new-york-ny-171640

## Quick answers

**How is Blackstone Multi-Asset Advisors L.L.C. compensated?**
On its Form ADV (Item 5.E, October 2026), Blackstone Multi-Asset Advisors L.L.C. reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Blackstone Multi-Asset Advisors L.L.C. located?**
Blackstone Multi-Asset Advisors L.L.C.'s principal office is in New York, NY, according to its Form ADV.

**Is Blackstone Multi-Asset Advisors L.L.C. registered with the SEC or a state?**
Blackstone Multi-Asset Advisors L.L.C. is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 171640.

**How much does Blackstone Multi-Asset Advisors L.L.C. manage?**
Blackstone Multi-Asset Advisors L.L.C. reports $8,542,868,908 in regulatory assets under management in its Form ADV filing dated July 31, 2026 (100% discretionary).

**How have Blackstone Multi-Asset Advisors L.L.C.'s assets and staff changed since 2021?**
In the Form ADV data for Blackstone Multi-Asset Advisors L.L.C.: Regulatory assets under management: $8,893,711,271 in the October 2021 data and $8,542,868,908 in the October 2026 data, down 4%. Total employees: 40 in October 2021 and 39 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Blackstone Multi-Asset Advisors L.L.C. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10).

**Does Blackstone Multi-Asset Advisors L.L.C. 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/171640

**What changed in Blackstone Multi-Asset Advisors L.L.C.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 22 to 20.

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $8,542,868,908
- Discretionary: $8,542,868,908
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $8,542,868,908 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2014 (12 years)
- Employees: 39 total, 20 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### 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 | $8,893,711,271 | 40 | June 1, 2021 |
| October 2022 | $10,732,996,068 | 40 | June 3, 2022 |
| October 2023 | $10,441,522,903 | 49 | May 31, 2023 |
| October 2024 | $9,485,130,802 | 37 | May 3, 2024 |
| October 2025 | $9,190,685,247 | 39 | March 28, 2025 |
| October 2026 | $8,542,868,908 | 39 | July 31, 2026 |

Regulatory assets under management: $8,893,711,271 in the October 2021 data and $8,542,868,908 in the October 2026 data, down 4%.
Total employees: 40 in October 2021 and 39 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 22 to 20.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Blackstone Multi-Asset Advisors L.L.C. (CRD 171640): Form ADV filing data as of October 2026.