Blackstone Strategic Capital Advisors, L.Lc. (New York)
Blackstone Strategic Capital Advisors, L.Lc. is a large advisory firm based in New York. It manages $5.83 billion of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2013.
Blackstone Strategic Capital Advisors, L.Lc provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Blackstone Strategic Capital Advisors, L.Lc: assets under management
The assets under management (AUM) of Blackstone Strategic Capital Advisors, L.Lc. is $5.83 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 488% since the beginning of its operation, and $2.27 billion of the total AUM is attributable to clients outside of the United States.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Blackstone Strategic Capital Advisors, L.Lc. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Blackstone Strategic Capital Advisors, L.Lc serves?
The only and largest group of clients of Blackstone Strategic Capital Advisors, L.Lc is pooled investment vehicles with 10 clients and $5.83 billion of assets under management. Among the 11 most similar advisory firms, Blackstone Strategic Capital Advisors, L.Lc has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $5.83 billion for 10 clients. 10% of the firm’s clients are foreign persons or businesses.
Blackstone Strategic Capital Advisors, L.Lc also advises several private funds. Namely, ten private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.
Careers at Blackstone Strategic Capital Advisors, L.Lc.
The company employs 243 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 4 indirect owners.Based in New York
The principal office where Blackstone Strategic Capital Advisors, L.Lc. performs its advisory services is located at 345 Park Avenue, New York, NY 10154, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-583-5000 or by fax 212-583-5016. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at blackstone.com.
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