# Blackstone Strategic Capital Advisors, L.L.C.

> Blackstone Strategic Capital Advisors, L.L.C. is an SEC-registered investment advisory firm in New York, NY, registered since 2013, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 165796
- Filed as: BLACKSTONE STRATEGIC CAPITAL ADVISORS, L.L.C.
- Also doing business as: BSCA ADVISORS L.L.C. ("RELYING ADVISER")
- 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/165796
- AdvisorCensus page: https://advisorcensus.com/firm/blackstone-strategic-capital-advisors-l-l-c-new-york-ny-165796

## Quick answers

**How is Blackstone Strategic Capital Advisors, L.L.C. compensated?**
On its Form ADV (Item 5.E, October 2026), Blackstone Strategic Capital 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 Strategic Capital Advisors, L.L.C. located?**
Blackstone Strategic Capital Advisors, L.L.C.'s principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Blackstone Strategic Capital Advisors, L.L.C. registered with the SEC or a state?**
Blackstone Strategic Capital Advisors, L.L.C. is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 165796.

**How much does Blackstone Strategic Capital Advisors, L.L.C. manage?**
Blackstone Strategic Capital Advisors, L.L.C. reports $15,566,883,089 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Blackstone Strategic Capital Advisors, L.L.C.'s assets and staff changed since 2021?**
In the Form ADV data for Blackstone Strategic Capital Advisors, L.L.C.: Regulatory assets under management: $10,287,348,696 in the October 2021 data and $15,566,883,089 in the October 2026 data, up 51%. Total employees: 284 in October 2021 and 53 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Blackstone Strategic Capital 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) (21).

**Does Blackstone Strategic Capital 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/165796

**What changed in Blackstone Strategic Capital Advisors, L.L.C.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 20 to 21.

## 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: $15,566,883,089
- Discretionary: $15,566,883,089
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 21 | $15,566,883,089 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2013 (13 years)
- Employees: 53 total, 21 performing advisory functions
- Wrap fee program participation: No
- 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
- San Francisco, CA

### Websites listed on Form ADV (Item 1.I)
- [apple.co/31Pe1Gg](https://apple.co/31Pe1Gg)
- [blackstone.com](https://blackstone.com)
- [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 | $10,287,348,696 | 284 | March 31, 2021 |
| October 2022 | $11,350,754,884 | 324 | March 31, 2022 |
| October 2023 | $11,037,254,178 | 342 | March 30, 2023 |
| October 2024 | $10,578,957,009 | 29 | March 28, 2024 |
| October 2025 | $14,372,153,136 | 46 | April 30, 2025 |
| October 2026 | $15,566,883,089 | 53 | March 30, 2026 |

Regulatory assets under management: $10,287,348,696 in the October 2021 data and $15,566,883,089 in the October 2026 data, up 51%.
Total employees: 284 in October 2021 and 53 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 20 to 21.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Blackstone Strategic Capital Advisors, L.L.C. (CRD 165796): Form ADV filing data as of October 2026.