Fund Operations Liquidity Advisory, Associate

Blackstone • New York, NY

2d • $110,000 - $150,000

About The Position

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. The Real Estate (“RE”) Finance group is responsible for the preparation, analysis, and presentation of performance and attribution reporting for Blackstone’s Global Real Estate Business. The Blackstone Real Estate Partners (“BREP”) Finance team plays a critical role in managing the opportunistic RE strategy’s business in conjunction with deal professionals and leadership, while collaborating with investor relations, portfolio management, and technology to drive process excellence and reporting innovation. This role offers the opportunity to work across multiple regions (U.S., Europe, and Asia) and functions, contributing to global initiatives that shape how the business tracks and communicates financial performance. This is a unique opportunity to contribute to one of the world’s most sophisticated real estate investment platforms. The position offers visibility across global teams, exposure to senior management, and the chance to shape the future of how performance and financial data are delivered across Blackstone Real Estate. This position will be involved in investment operations and financial reporting for Blackstone Real Estate Partners funds (“BREP”) and its underlying investments.

Requirements

• 3+ years of experience in the private equity industry (Preferably private equity experience)
• Undergraduate degree in Accounting, Finance or Economics
• CPA or graduate degree preferred
• Proficient knowledge of Microsoft Office Suite (Excel, Word, PowerPoint)
• Strong analytical skills, detail oriented and highly organized
• Possesses a strong work ethic, professional integrity, and a positive attitude
• Strong oral and written communication and influencing skills, and the capability to communicate persuasively
• Capability to work in a dynamic environment and handle multiple projects

Responsibilities

• Manage Fund liquidity by maintaining a comprehensive forecast model for each Fund Line of Credit (including subscription and NAV lines)
• Work closely with capital market professionals (BXCM) on investment level debt placement
• Managing actual capital and transactional activity
• Coordinate fund level operating activities including credit facility maintenance
• Prepare internal reporting for Real Estate COO & CFO on fund metrics, dry powder, and liquidity schedules
• Work with Legal and Compliance team to ensure compliance with various fund policies and procedures including LPA limitations, side-letter agreements, deal certificates, and line of credit covenants
• Responsible for the oversight of prompt responses to internal requests, investor requests and ad hoc projects by the team
• Manage, train and develop staff both in the U.S. and India to assist with accounting and operational work
• Coordinate the testing and implementation of initiatives to improve and streamline fund operations functions

Benefits

• comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits
• paid time off
• life insurance
• 401(k) plan
• discretionary bonuses

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level