Ten years ago, Blackstone opened its Sydney office with just a single employee in a rented space. Since then, our Australia team has grown to include over 25 investment professionals and over $15 billion in assets under management. We’re excited to continue partnering with local businesses and property managers across Australia to strengthen their operations, create thousands of jobs, and have a positive economic impact. Watch the video above to learn more.

At the Bisnow National Real Estate Finance Summit, a selection of the top CRE investors and lenders will gather to discuss capital markets, the lending and investment climate and how to plan for the unpredictable future of CRE. This full-day event will take place Sept. 24 in New York City, register for it here. 

Wesley LePatner is the global chief operating officer of Blackstone’s Core+ Real Estate business and the COO of Blackstone Real Estate Income Trust. Working in a leadership role at one of the world’s leading investment firms, LePatner is an expert in commercial real estate markets on a local and global scale.

Blackstone currently has $545B of assets under management, and LePatner has played a key role in some of the firm’s milestone transactions. Bisnow recently sat down with her to learn more about her role at Blackstone, where her firm is looking for deals — both domestically and across the globe — and her work as chair of Blackstone’s Women’s...

This has been the year of the preclinical biotech cash out: So many early-stage, promising young startups have gone public earlier than ever before. Or they've sold to an opportunistic pharma, sometimes with a big-bucks bet that a platform or asset would be a big mover for its pipeline.

But plenty of biotechs remain private and independent, and once again we honor them with our Fierce 15 award, homing in on their hard work and cutting-edge research to stop disease in its tracks.

This year we’ve broadened our horizons, looking outside the U.S. and beyond cancer and rare diseases, to find companies in the fight against infectious disease, pain, neurodegenerative disease and more—including one company that hopes it can find a way to combat nearly all disease using a new model of cell biology.

Biotechs from Belgium, the U.K. and Spain—including one that has twice broken its life science VC raise...

WASHINGTON, Sept. 19, 2019 /PRNewswire-PRWeb/ -- The Air Force Association (AFA) presented its 2019 John R. Alison Award to Draken International LLC at the annual Air, Space and Cyber Conference hosted in National Harbor, Maryland on September 18th. Jared Isaacman, Chief Executive Officer, accepted the award on behalf of the company.

"On behalf of the men and women of Draken, I am honored to accept this award. Thank you to all the USAF leaders who took a risk, believing in our industry and allowing this partnership to grow into a credible, cost-effective adversary air solution for the warfighter," Isaacman said. "We are committed to providing a commercial adversary service that is dedicated to helping our Airmen sharpen their sword and remain focused on combat readiness training."

The John R. Alison Award is given annually to recognize the most significant contributions by industry to national defense. Maj Gen John R. Alison was a highly decorated...

How has your role, and the compliance function, evolved?

I would point out two key dimensions: integration and technology. The business has greater appreciation of the extent to which compliance can be used to enhance our business objectives, which has led to increased compliance integration into business practices on every level, including product development, deal diligence and financial reporting. This ensures compliance is empowered and continues to have a seat at the table at the most opportune moments to partner with the business. And advancements in technology enable compliance professionals to be more proactive and efficient in ways that enhance their contribution to the firm.

What single activity or aspect of your role takes up the most bandwidth on a daily/weekly basis?

No two days are alike for me at Blackstone. Each day I balance the immediate issues that arise – information wall requests, conflict of interest assessments, data privacy...

Hilton is a leading global hospitality company with a portfolio of 17 world-class brands comprising nearly 5,900 properties in 114 countries and territories. In its 100-year history as the world’s most hospitable company, Hilton has welcomed more than 3 billion guests.

Back in January, Blackstone — the investment firm whose assets under management surpassed a jaw-dropping half a trillion dollars earlier this year — quietly began piecing together a new, growth equity platform called Blackstone Growth, or BXG. Step one was hiring away Jon Korngold from General Atlantic, where he’d spent the previous 18 years, including as a managing director and a member of its management committee.

Step two has been for Korngold, who is responsible for running the new program, to build a team, which he has been doing throughout the year, bringing in “people who speak the language of Blackstone,” he says, including from TCV, Andreessen Horowitz, Carlyle, Vista Private Equity, NEA, and SoftBank .

Apparently, the group is now ready for business. It has already closed on two deals from existing pools of capital within Blackstone, including acquiring outright the mobile ad company Vungle. According to Korngold, two more term sheets “are being...

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Back in 1969, I arrived for my first interview on Wall Street an hour early, because I didn’t want to be late. I sat in a Chock Full o’Nuts coffee shop nursing a cup of coffee, the one cup I could afford, checking my watch every couple of minutes. When 9:00 a.m. arrived, I went into the headquarters of Donaldson Lufkin Jenrette at 140 Broadway, up to the thirty-sixth floor. I took a seat in reception and watched as sophisticated young women with black headbands and fancy shoes and young men in ties and shirtsleeves, only slightly older than me, ran around the office alert and purposeful. The energy of the place was electric.

After half an hour, an assistant ushered me in to see Bill Donaldson, the D in DLJ. It was surprising to see a man so young sitting in a rocking chair, but this was fashionable post-JFK. Our meeting had been arranged by Larry Noble, Bill’s Yale classmate, who was now working in the Yale admissions office. I had met Larry when I had...

Stephen Schwarzman, the chief executive of Blackstone Group Inc., has never cried in public, but the one time that he came close is still seared in his mind.

In 1989, the chief investment officer of an insurance company that had backed Mr. Schwarzman’s fledgling private-equity firm asked the financier to come to the company’s office in Nyack, N.Y. As Mr. Schwarzman, then a 42-year-old former banker with little direct investing experience, sat across from him, the CIO began screaming about how stupid he was and how the insurer...

An inverted yield curve, excess global liquidity, and ongoing trade tensions with China: Chief Investment Strategist Joe Zidle argues that these three issues are key to understanding where the global economy is headed in the coming year. Tune in to learn why he believes that “the countdown timer” on the end of this economic expansion has started. * * * * * The views expressed in this commentary are the personal views of the speaker and do not necessarily reflect the views of The Blackstone Group Inc. (together with its affiliates, “Blackstone”). The views expressed reflect the current views of the speaker as of the date hereof and Blackstone undertakes no responsibility to advise you of any changes in the views expressed herein. Neither this blog post, nor the podcast nor any of the information contained herein or therein constitutes an offer to sell, or a solicitation of an offer to buy, any security or instrument in or to participate in any trading strategy with any...