Blackstone at Age 30

Josh   Lerner

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Teaching Note | HBS Case Collection | September 2018

Blackstone at Age 30

by Josh Lerner

Abstract

This teaching note is meant to guide in the instruction of HBS No. 316-013 "Blackstone at 30" case. It examines the process of institutionalization and scaling in private equity and alternative investments more generally, looking specifically at how Blackstone's size affects its business model and opportunities for growth. It also explores the process by which Blackstone became a publicly owned company as well as the advantages and disadvantages that public ownership offers to a firm like Blackstone.

Keywords: finance; private equity; Blackstone; alternative assets; venture capital; Private Equity; Business Growth and Maturation; Public Ownership; Cost vs Benefits; Financial Services Industry;