Strategic Partners - GP Stakes 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 $1.1 trillion 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, X, and Instagram.

Strategic Partners  

Blackstone Strategic Partners is a global capital solutions provider, with $100 billion of investor capital under management. We offer a range of liquidity opportunities to both limited and general partners, including secondaries, GP Stakes and co-investments across private markets. Founded in 2000, we are one of the world’s largest and most established secondaries platforms. Within Blackstone Strategic Partners, the GP Stakes team manages approximately $11B of AUM and acquires minority ownership interests in leading private market firms (“GPs”).  

Responsibilities:

• Evaluate and underwrite GP stakes investments in alternative asset management firms across asset classes, including private equity, growth equity, private credit, real estate, infrastructure, and secondaries.
• Contribute to key aspects of the investment process including:
  • Conducting sector and asset class research leveraging industry reports and primary sources
  • Analyzing public and private transaction valuation trends leveraging public filings and proprietary data
  • Developing financial models and analyses, including discounted cash flows (DCFs), sum‑of‑the‑parts valuations, and scenario analysis
  • Developing underwriting assumptions based on financial reporting and proprietary research
  • Analyzing historical financials to understand performance trends and risks
  • Participating in diligence calls to assess management teams and investment strategies
  • Assisting with legal, accounting, and financial diligence coordination
• Review draft financial and legal diligence reports and legal documents.
• Coordinate with investment banks, accounting firms, and legal firms for third-party diligence.
• Draft memoranda for internal and external use.
• Presentation:
  • Present investment research and valuation analysis during team discussions and formal investment committee meetings.
  • Contribute to team discussions throughout the investment process to coordinate internal workstreams and drive decision making.
  • Contribute to external diligence meetings with investment banks and counterparties.
• Monitor portfolio company performance and reporting.
• Participate in regular update calls with portfolio company management to understand latest financial performance and business initiatives.
• Conduct quarterly valuation on portfolio companies.
• Support replying to investor requests related to fund performance and asset performance.
• Produce bespoke analysis to address investor requests.
• Assist in fundraising and marketing process.
• Contribute to investor presentations used for roadshows and investor calls.
• Assist in drafting diligence questionnaires for upcoming fundraises.
• Perform other duties as needed.

Education:

• Bachelor’s degree (or foreign equivalent) in Finance, Economics, or a related field.

Experience:

• Minimum 1 year of experience in job offered or related occupations (e.g., investment banking, management consulting).
• Minimum 1 year of experience using Microsoft Excel to build detailed financial or operating models, trading comparables, transaction comparables, or similar analyses.
• Minimum 1 year of experience using Microsoft PowerPoint and Microsoft Word to develop internal and external presentation materials.
• Minimum 1 year of experience using Factset, S&P CapitalIQ or similar market data providers to summarize performance trends, and identify business opportunities or risks.
• Experience can be concurrent.

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:

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 and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.

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.
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