2024 Blackstone BAAM, Investment Summer Analyst

Blackstone is the world's largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $951 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.

2024 BAAM, Investment Summer Analyst

Job Title:

Summer Analyst

Business Unit:

Hedge Fund Solutions (BAAM)

Business Unit Overview:

Blackstone Alternative Asset Management (BAAM®) manages approximately $79 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations platform, a business that purchases GP stakes in alternative asset managers, an open-ended mutual fund platform, and an emerging manager seeding business. BAAM invests across a variety of asset classes and strategies to create solutions for its investors. Through its sharp focus on clients' goals, a rigorous due-diligence process and access to Blackstone's global insights, BAAM strives to generate attractive risk-adjusted returns across market cycles while mitigating downside risk during stressed market environments.

Program Description:

Blackstone's Summer Analyst Program is 10-weeks in length and will provide participants broad exposure to the Firm. The Summer Analyst Program offers various technical and soft skill training opportunities, the ability to network with professionals across all business units, and a chance to fully immerse themselves in the Blackstone culture.

Submit your resume to be considered for one of the groups listed below:

Special Situations:

The Special Situations Team manages an $11B special situations platform including customized, commingled and co-investment solutions. The team's mandate is flexible across the capital structure - investing in equities, preferreds, converts, bonds, loans and structured investments. The team can execute on both private and public opportunities across geographies and industries.

GP Stakes:

The Blackstone GP Stakes Team manages approximately $11B of AUM and acquires minority ownership interests in leading private equity firms ("GPs"). The team invests in institutionalized GPs with a competitive edge, where we are well-positioned to deliver strategic value by leveraging the broader Blackstone platform.

Equity Strategy:

The Equity Strategy Team is responsible for equity-related investments in BAAM's absolute return platform "BAAM Portfolio Solutions". The team's investment process combines the public market and financial analysis characteristic of hedge fund investing with the strategic thinking of private equity.

Global Macro:

The Global Macro Team's mission is to deliver investments with high absolute returns in an uncorrelated and liquid manner. Global Macro investments are executed through allocations to third-party hedge funds and opportunistic direct investments.

Credit:

The Credit Strategy Team is responsible for sourcing, underwriting, and monitoring investments in hedge fund managers and direct investment opportunities throughout the capital structure in corporate and structured credit globally.

Liquid Strategies (LSG):

The LSG Team is responsible for BAAM's liquid alternative product offerings across both registered and private fund structures. The investment team handles all allocation and investment decisions for LSG and works closely with strategy and due diligence teams to assess underlying managers, strategies, and portfolios.

Blackstone Generations (BGEN)

The Blackstone Generations Team manages generational portfolios on behalf of select clients with the goal of prudent growth while focusing on preserving capital and after tax, real returns. Generational portfolios aim to outperform traditional portfolios by embracing a long-term time horizon, flexible asset allocation, and robust portfolio construction.

Responsibilities will include:

• Identify new investment opportunities and monitor current managers within the BAAM funds
• Industry research and competitive analysis
• Analysis of fund strategies and individual managers
• Drafting of memoranda for internal and external use
• Data management

The successful candidate must have:

• Strong verbal and written communication skills
• A desire to work in a team environment with dynamic roles
• A basic knowledge of accounting and finance
• Self-motivation to find solutions independently
• Sincere commitment to personal and professional development
• Excellent attention to detail
• Intellectual curiosity
• Good judgment
• Working knowledge of Excel and PowerPoint

To be considered for the 2024 Summer Analyst Program, applicants must meet the following criteria:

• Currently enrolled as an undergraduate student
• Anticipated graduation date: Fall 2024 - Spring 2025
• Resume must include expected graduation month/year and GPA
• Resume must be in PDF format

If you do not meet these criteria, please see Blackstone's Careers website for other opportunities that may be available, including other entry level positions.

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$100,000 - $110,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;
• Marketing Blackstone funds to new or existing clients;
• Supervising or training securities licensed employees;
• Structuring or creating Blackstone funds/products; and
• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.