BLACKSTONE ALTERNATIVE SOLUTIONS L.L.C.

other names
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Adviser Profile
As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 290 -15.20%
of those in investment advisory functions 98 -16.95%
Registration SEC, Approved, 9/19/2011
AUM* 16,775,854,974 1.27%
of that, discretionary 16,775,854,974 1.27%
Private Fund GAV* 13,394,597,877 -52.63%
Avg Account Size 453,401,486 -4.21%
SMA’s No
Private Funds 28 2
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
22B 19B 16B 13B 9B 6B 3B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count28 GAV$13,394,597,877

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Brochure Summary

Overview

Overview of the Firm BAS, a Delaware limited liability company, primarily provides investment advisory services to private investment funds (collectively, the “BAS Funds”) that predominantly invest and trade in a wide variety of securities, assets and instruments (including, without limitation, equity securities, equity-related instruments, debt, debt-related instruments, hard assets, currencies, commodities, futures contracts, options and other derivative instruments). Certain BAS Funds invest a portion of their assets in Underlying Investment Vehicles including those managed by Other Blackstone Advisers and Blackstone Interest Managers. BAS is an affiliate of Blackstone Alternative Asset Management L.P. (“BAAM”), a leading multi-asset investing provider.. BAS derives significant benefits from the experience of BAAM in the investment, operational, legal, structuring and compliance aspects of hedge funds. BAS was founded in 2011 as part of Blackstone Inc. (NYSE: BX) (“Blackstone”), which is the ultimate parent of BAS and BAAM. Blackstone is a leading alternative investment manager with investment programs and services concentrating in the private equity, real estate, debt / credit and secondaries business, as well as the multi-asset investing business. BAS shares employees and facilities with BAAM, Blackstone Strategic Alliance Advisors L.L.C. (“BSAA”), and Blackstone Alternative Investment Advisors L.L.C. (“BAIA”), each a registered investment adviser, and together with BAS, Blackstone Multi-Asset Investing (“BXMA”). Please see Item 10 – Other Financial Industry Activities and Affiliations
href="158784_313352_7_20240328.html#24"> for more information. BAS’s assets under management (“AUM”) were $12 billion as of December 31, 2023. This includes committed capital that has not been drawn for any purpose. This also includes investments made by BAAM Clients into BAS Funds. Please note that this is an unaudited estimate. Overview of Advisory Services As investment adviser to the BAS Funds, BAS:  Identifies and implements investment opportunities for BAS Funds;  Participates in the monitoring of BAS Funds’ investments;  Makes decisions on behalf of BAS Funds to purchase and/or sell investments;  Engages Underlying Managers on behalf of BAS Funds;  Engages in hedging transactions for the BAS Funds; and  Employs leverage for BAS Funds in various forms (including via credit facilities, derivative transactions, margin transactions and other credit arrangements): (a) when BAS believes that the use of leverage may enable the BAS Funds to achieve a higher rate of return, (b) to meet redemptions that would otherwise result in the premature liquidation of investments, and/or (c) to finance Investments or other costs and expenses in anticipation of the receipt of equity capital from investors and/or realization proceeds from Investments. The use of leverage increases the risk of loss. Blackstone Alternative Solutions L.L.C. Blackstone | 5 Investors in BAS Funds (“Investors”) are not deemed to be BAS clients but are entitled to the rights and benefits described in the applicable Client Constituent Documents. BAS typically engages third party service providers, including custodians, administrators and/or auditors, on behalf of the BAS Funds. Blackstone Alternative Solutions L.L.C. Blackstone | 6