Private fund adviser · New York, NY
Blackstone Alternative Solutions L.L.C.
SEC-registered investment adviser · CRD 158784 · SEC 801-72699
At a glance
Blackstone Alternative Solutions L.L.C. is an SEC-registered investment adviser based in New York, New York, with $20.1 billion in regulatory assets under management as of its Form ADV filed June 24, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 370th of 4,686 private fund advisers and 872nd of 17,210 SEC-registered advisers by assets.
Main office 212-583-5000blackstone.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $20B
- Rank among private fund advisers
- #370 of 4,686
- Rank among all SEC RIAs
- #872 of 17,210
- Rank in New York
- #233 of 2,591
- Clients
- 54
- Accounts
- 54
- Discretionary
- 100% of AUM
- Employees
- 293
- Advisory staff
- 111
- Offices
- 7
Owners and executives on its Form ADV
- Brian F. GavinChief Operating Officer of Blackstone Alternative Solutions L.L.C.
- Stephen B. OconnorGeneral Counsel of Blackstone Alternative Solutions L.L.C.
- Joseph L. DowlingGlobal Head of Blackstone Alternative Solutions L.L.C.
- Neil D. SchwartzChief Compliance Officer of Blackstone Alternative Solutions L.L.C.
Custody and brokerage
Custodian
Blackstone Alternative Solutions L.L.C.’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
Blackstone Alternative Solutions L.L.C. is a hybrid RIA: 14 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Blackstone Securities Partners L.P., Currencies Direct LTD and Everlake Distributors, L.L.C..
- Blackstone Securities Partners L.P. ↗CRD 17917
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
- Currencies Direct LTD
- Everlake Distributors, L.L.C.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 54 | $20B | 100% |
Private funds
Blackstone Alternative Solutions L.L.C. reports 39 private funds with $40B in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Blackstone Alternative Solutions L.L.C. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗blackstone.com ↗
AtlasMembers
The full record on Blackstone Alternative Solutions L.L.C.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 674 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Blackstone Alternative Solutions L.L.C. manage?
Blackstone Alternative Solutions L.L.C. reports $20.1 billion in regulatory assets under management across 54 accounts, 100% of it on a discretionary basis, on its Form ADV filed June 24, 2026.
What kind of firm is Blackstone Alternative Solutions L.L.C.?
Blackstone Alternative Solutions L.L.C. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets. It reports a bank or thrift among its related persons. A public reporting company controls it.
Who are Blackstone Alternative Solutions L.L.C.’s clients?
By assets, its largest client types are pooled investment vehicles ($20.1 billion, 54 clients).
Does Blackstone Alternative Solutions L.L.C. manage private funds?
Yes. It reports 39 private funds with $39.8 billion in gross assets, including hedge funds.
Does Blackstone Alternative Solutions L.L.C. have any disciplinary history?
Blackstone Alternative Solutions L.L.C. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Blackstone Alternative Solutions L.L.C.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-06-24), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →