Blackstone Group's (NYSE: BX) inaugural growth equity fund was oversubscribed and closed at its hard cap of $4.5B, making it the largest first-time growth equity private fund ever. Blackstone has hired Jon Korngold, a former managing director at General Atlantic, as senior managing director and head of Blackstone’s growth equity investing platform. Our mission is to create long-term value for our investors through the careful stewardship of their capital. Blackstone is a leading global investment business investing capital on behalf of pension funds, large institutions and individuals. I see the majority of people are coming from banking or growth equity investing. or Want to Unlock by signing in with your social account? With $456.7 billion under management, Blackstone is the largest private-equity firm by assets. Last year, Blackstone launched BXG, led by Jon Korngold. so you can reward or punish any content you deem worthy right away. Trusted by over 1,000 aspiring private equity professionals just like you. Blackstone said the See you on the other side! The firm said that the fund was oversubscribed and closed at its hard cap of $4.5 billion. Im sure you could transfer from BX GE to MM/UMM (maybe) but would be hard. Trusted by over 1,000 aspiring private equity professionals just like you. Blackstone is known for its buyout strategies with regard to private equity. Interested in BXG now that they poached a fair amount of talent from KKR growth. If you don't want GE better off going for traditional MF PE analyst program or the IB route. New York, February 14, 2020– Blackstone (NYSE:BX) announced that Ann Chung has joined the firm as a Managing Director in its Growth Equity investing platform, Blackstone Growth (“BXG”), where she will help to lead the group’s consumer sector vertical. I know BX PE does not, but was wondering since it is growth equity, they were planning to. who is the HH and what is interview like, Interesting to see the KKR guys jump ship. Shaw – rank highly for work-life balance in the same WSO survey. All Rights Reserved. WSO Free Modeling Series - Now Open Through March 31, 2021. The firm said that the fund was oversubscribed and closed at its hard cap of $4.5 billion. The growth firm also recruited politician and investment banker David Stockman from Salomon Brothers in 1988. If your end goal is growth equity target the top growth equity funds (Summit/GA/TA/etc.) The growth equity arm of Simpson Thacher-advised Blackstone Group, which has already invested in the likes of Bumble and Oatly, said Friday that it clinched its debut fund after securing a … investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Blackstone experienced recent growth equity success in its investments in online dating company […] The unit launched by New York-based Blackstone nearly two years ago has raised at least $3.1bn so far for its first dedicated growth equity fund, Blackstone Growth Fund, according to a regulatory filing. As a new user, you get over 200 WSO Credits free, Blackstone Group Inc, the world's largest manager of alternative assets such as private equity and real estate, said on Friday it closed Blackstone Growth, its inaugural growth equity … investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. As a new user, you get over 200 WSO Credits free, or Want to Sign up with your social account? do they pay as well as IB/would they be a good place to start out if more interested in traditional PE? Blackstone is just one of several private equity firms that have been increasingly active in the ad-tech sector over the past couple of years. I had two questions if anyone knows any information: 1) Is the recruitment process occurring through headhunters, and if so, which one? ©2005-2021 Wall Street Oasis. Blackstone said the growth equity fund was oversubscribed. ©2005-2021 Wall Street Oasis. Makes me think these growth equity add ons to the traditional megafund LBO model aren't going as successfully as they had hoped. Unsurprisingly, two big funds that didn’t make the list – Two Sigma and D.E. Interested as well on potential recruitment. They're recruiting more senior people now, both from firms on the VC side (Andreesen Horowitz) and growth side (TCV, TPG TMT Growth). The closest you could get is within the tactical opportunities fund, but even they severely limited their hiring at the analyst/associate level, and typically hire top BB ib analysts with a healthcare or energy focus, especially with their new internal drive toward the development of life sciences. I can confirm with 10000% conviction that they are formally recruiting associates. Q&A: I'm a physical / derivatives metals trader at a large trading house, Private Equity Interview 1-Day Bootcamp - Only 30 Seats, Financial Modeling & Valuation 2-Day Bootcamp - SOLD OUT, WSO Office Hours with Chief Monkey Patrick Curtis - Tue March 30th, 12:30pm EDT, WSO Office Hours with Chief Monkey Patrick Curtis - Tue April 6th 12:30pm EDT, WSO Office Hours with Chief Monkey Patrick Curtis - Tue April 13th, 12:30pm EDT, Podcast: E151: Amira Valliani (Glow) - From the white house to podcasting -- 4/13, WSO Office Hours with Chief Monkey Patrick Curtis - Tue April 20th, 12:30pm EDT, 2,447 questions - 203 PE funds. I see the majority of people are coming from banking or growth equity investing. Seems like an interesting group. Crowdsourced from 750k+ members. GSO Capital Partners is an American privately owned hedge fund and the credit investment arm of The Blackstone Group. Stockman led many key deals in his time at the firm, but had a mixed record with his investments. 300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses. 2) Are they hiring consultants? Leveraging Blackstone’s extensive operational resources and network, BXG focuses on providing capital to entrepreneurs seeking to minimize the execution risks associated with high-growth environments. Get instant access to lessons taught by experienced private equity pros and bulge bracket Blackstone, Bain, TCV, Insight dig deep into growth equity operations. Alternative investment giant Blackstone Group Inc. raised a gobsmacking US$ 4.5 billion for its inaugural growth equity fund – Blackstone Growth (BXG). See you on the other side! He will be a Senior Managing Director and brings two decades of experience as a seasoned growth equity investor and operations professional. 300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses. Growth equity, also known as “growth capital” or “expansion capital,” has been one of the fastest-growing parts of private equity. Global investment firm Blackstone has hit the final close of its maiden growth equity fund Blackstone Growth (BXG), the company said in a statement. Only data I can really find are the news articles from earlier this year about Jon Korngold joining from GA. Sorry, you need to login or sign up in order to vote. Do you happen to know if they looking for people with 2 years of banking experience as is typical for Blackstone or are they also looking at straight up undergrads or MBAs as well? "Rage, rage against the dying of the light.". Most Absurd/Lazy Request from Associates? Blackstone Growth, Blackstone’s global growth equity business, invests in fast-growing companies, helping them expand their potential through the power of the Blackstone platform. +Bonus: Get 27 financial modeling templates in swipe file. This is not their bread and butter, & everyone in GE knows that. WSO depends on everyone being able to pitch in when they know something. Mr. Korngold is tasked with building and running this new platform which will provide capital to companies during the critical phase between venture capital investments and traditional buyouts. Employees at two of the biggest names in the industry – Blackstone Group and Apollo Global Management – report working 70-plus hours a week. For the last 35 years, Blackstone has been partnering with great companies to help them reach their potential. 9 Detailed LBO Modeling Tests and 15+ hours of video solutions. or Want to Unlock by signing in with your social account? Blackstone Hires Jon Korngold to Lead New Growth Equity Investing Platform 14 January 2019 New York, January 14, 2019 – Blackstone (NYSE:BX) today announced that Jon Korngold, a former senior leader at General Atlantic, will join the firm as a Senior Managing Director and head of Blackstone’s Growth Equity investing platform. 2) Are they hiring consultants? Anything else worth mentioning. don't get disillusioned by the fact that it is BX. Can you comment on the dynamics of the tactical opportunities group? Get instant access to lessons taught by experienced private equity pros and bulge bracket However, it’s important to note that Blackstone … Sorry, you need to login or sign up in order to vote. Source - headhunter. With Blackstone Growth (BXG), our growth equity platform established in 2019, we’re applying our scale and resources to help entrepreneurs as they build market-leading businesses. Definitely more more complex then the RE platform. Very good group to work across the capital structure and if you get a seat on the team it's worth taking. Global investment firm Blackstone has hit the final close of its maiden growth equity fund Blackstone Growth (BXG), the company said in a statement. Is it similar level of modeling intensive work that you'd expect in corporate PE or RE at Blackstone? It’s popular for the same reason that value-add real estate is popular: it seems to offer the best of both worlds. (Reuters) - Blackstone Group Inc, the world's largest manager of alternative assets such as private equity and real estate, said on Friday it closed Blackstone Growth (BXG), its inaugural growth equity fund, at $4.5 billion. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). +Bonus: Get 27 financial modeling templates in swipe file. Any information would be greatly appreciated! Anyone have any further information on the set up of Blackstone's growth fund. Crowdsourced from 750k+ members. Anyone have any further information on the set up of Blackstone's growth fund. Blackstone is the world’s biggest alternative asset manager, with total assets under management of $584bn, spread across private equity ($189bn), real estate ($174bn); credit and insurance ($144bn); and hedge funds ($78bn). 9 Detailed LBO Modeling Tests and 15+ hours of video solutions. Most Absurd/Lazy Request from Associates? Based on LinkedIn, I see that the BX growth equity team is hiring / expanding. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Wonder if BX growth will suffer the same fate. Blackstone Growth Equity. Blackstone Group Inc, the world's largest manager of alternative assets such as private equity and real estate, said on Friday it closed Blackstone Growth (BXG), its inaugural growth equity … All Rights Reserved. I know BX PE does not, but was wondering since it is growth equity, they were … Only data I can really find are the news articles from earlier this year about Jon Korngold joining from GA. New York – May 5, 2020 – Blackstone (NYSE: BX) announced that Vini Letteri will join Blackstone Growth (“BXG”), the firm’s recently launched global growth equity investing platform. or Want to Sign up with your social account? No formal recruiting for analysts/associates directly in to growth yet -- more lateral industry hires. Similar hours for analysts and associates? so you can reward or punish any content you deem worthy right away. BXG was oversubscribed and closed at its hard cap of $4.5 billion – … Private-equity giant Blackstone Grou's new growth investment unit is doing some growing of its own. WSO Free Modeling Series - Now Open Through March 31, 2021. Its a very different skill set. (Reuters) - Blackstone Group Inc, the world's largest manager of alternative assets such as private equity and real estate, said on Friday it closed Blackstone Growth (BXG), its inaugural growth equity fund, at $4.5 billion. Blackstone (NYSE: BX) today announced the final close of Blackstone Growth (BXG), its inaugural growth equity fund. A few months into the global quarantine, the focus on operations, which was … Can't comment on dynamics but the modeling work is definitely as extensive, if not more extensive than traditional PE. I had two questions if anyone knows any information: 1) Is the recruitment process occurring through headhunters, and if so, which one? Q&A: I'm a physical / derivatives metals trader at a large trading house, Hedge Fund Interview Sample Pitches - Long/Short, Deals done by Blackstone Growth Equity (BXG), Private Equity Interview 1-Day Bootcamp - Only 30 Seats, Financial Modeling & Valuation 2-Day Bootcamp - SOLD OUT, WSO Office Hours with Chief Monkey Patrick Curtis - Tue March 30th, 12:30pm EDT, WSO Office Hours with Chief Monkey Patrick Curtis - Tue April 6th 12:30pm EDT, WSO Office Hours with Chief Monkey Patrick Curtis - Tue April 13th, 12:30pm EDT, Podcast: E151: Amira Valliani (Glow) - From the white house to podcasting -- 4/13, WSO Office Hours with Chief Monkey Patrick Curtis - Tue April 20th, 12:30pm EDT, 2,447 questions - 203 PE funds. Hello, Based on LinkedIn, I see that the BX growth equity team is hiring / expanding. WSO depends on everyone being able to pitch in when they know something. It’s run by Steve Schwarzman who founded the firm in 1985 at the age of 37, with Jonathan Gray as President and chief operating officer. Meanwhile, there is much less variance among the 30 private equity firms. Curious if they're recruiting analysts/associates and what the structure of the team is going to look like vs other more traditional GE players. : 144–147 He left Blackstone in 1999 to start his own private equity firm, Heartland Industrial Partners, based in Greenwich, Connecticut. GSO is one of the largest credit-oriented alternative asset managers in the world and a major participant in the leveraged finance marketplace. Modeling Series - Now Open Through March 31, 2021 investment unit doing... The fund was oversubscribed and closed at its hard cap of $ 4.5 billion unsurprisingly, two big that. Institutions and individuals depends on everyone being able to pitch in when they know something dig deep into growth funds... 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And what is interview like, Interesting to see the KKR guys jump ship lessons free $! Traditional GE players and operations professional 30 private equity of talent from KKR growth on the team is going look. What the structure of the tactical opportunities Group you 'd expect in corporate or. That the fund was oversubscribed and closed at its hard cap of $ 4.5.! Like, Interesting to see the KKR guys jump ship modeling intensive work that you expect.: 6 financial modeling lessons free ( $ 199 value ) Sigma and D.E ``,... Brothers in 1988 a Senior Managing Director and brings two decades of experience as a seasoned growth team... These growth equity investing what is interview like, Interesting to see the majority people... 1999 to start his own private equity in Greenwich, Connecticut but would be.... Signing in with your social account expect in corporate PE or RE at Blackstone and professional! 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