In 1985 Blackstone opened its first small office with a staff of four,including the two founders Peter G. Peterson and Stephen A. Schwarzman and a balance sheet of $400,000. From those small beginnings,besides big dreams,the founders held certain core beliefs:
In a world of giant organizations with a broad array of services, there was room for a small firm with the highest levels of professionalism and integrity,and senior-level attention to clients and relationships
In the 1980s world of "bear hugs" and more or less hostile takeovers,the firm would only invest capital in strictly friendly situations,supporting strong management teams
In a world of ever larger firms,there were gifted,entrepreneurial professionals who,in a more personal setting,with institutional credibility and congruent goals,would join Blackstone in creating affiliated businesses in their areas of expertise
In a world of "other people's money",the firm would always put significant amounts of its own money in investments it made
In a world rife with conflicts of interest,there was a need for a firm that was able to provide entirely objective advice and counsel without any pressure from alternative agendas The Blackstone team's success in pursuing those goals and beliefs is reflected today in the firm's outstanding reputation and its acknowledged role as a major global player.
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The selected transactions highlighted throughout the web site represent only a part of Blackstone's entire holdings. The discussion of these selected transactions is not intended as,and should not be construed as,investment advice or a recommendation to purchase or sell a particular security.