Blackstone Private Wealth - Product Specialist, Vice President (Real Assets)

Blackstone • New York, NY

62d

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. Blackstone Private Wealth was established to answer the growing demand for Blackstone products from high-net worth investors. Partnering with many of the world’s largest private banks and wealth management firms as well as family offices, Blackstone’s Private Wealth team packages and delivers the full breadth of Blackstone’s alternative product capabilities to these firms and their clients and provides ongoing product and advisor support, as well as education and training around alternative investments. We leverage the global scale platforms across Private Equity, Secondaries, Real Estate, Infrastructure, Credit, Tactical Opportunities and Hedge Fund Solutions to structure single asset class and multi-asset solutions to fit into clients’ asset allocation and portfolio construction objectives. Blackstone manages $250 billion of capital from Private Wealth clients. Blackstone Private Wealth is globally positioned, with offices in New York, London, Zurich, Paris, Singapore, Hong Kong and Tokyo and works with many of the world’s largest wealth management institutions, independent wealth managers and family offices. Product Specialists in Private Wealth play an integral role in providing investment detail to client stakeholders. They cover the entire product lifecycle, from fundraising through investment and return-of-capital. They provide domain knowledge and expertise on investments, performance, market dynamics and competitors. Product Specialists have key internal and external stakeholders, including BX investment teams, Private Wealth sales professionals, various due diligence teams, financial advisors, and end clients. The Product Specialist will focus on Blackstone’s Private Real Estate and Private Infrastructure strategies and products. This includes direct coverage of relevant strategies and providing strategic support to Private Wealth stakeholders executing sales initiatives across global channels. The VP will also oversee junior team members supporting the same functions.

Requirements

• In addition to a minimum of 7+ years of experience in investment banking, asset management, consulting, or wealth management, with a focus on real assets (private real estate and/or private infrastructure), as well as strong interpersonal, analytical, organizational, and problem-solving skills, the successful candidates must meet the following qualifications
• Deep understanding of private real estate and private infrastructure markets, investment structures, and performance drivers.
• Desire to work in a collaborative, team-based environment.
• Creative and articulate; effectively understands and conveys complex concepts
• Demonstrable effective writing skills
• Strong communication and presentation skills.
• Familiarity with markets, securities, investment strategies and the relevant regulatory framework.

Nice To Haves

• MBA and/or CFA preferred but not required.

Responsibilities

• Partner with Real Estate and Infrastructure investment teams and internal stakeholders to develop and execute sales strategies across products and client segments — including content creation, messaging, competitive analysis, and product positioning
• Provide ongoing key real-time product, investment and market updates to the sales teams, advisors, end-clients, portfolio managers and other key stakeholders.
• Develop and maintain high-impact content tailored to Private Wealth channels and business units – including monthly updates and commentary, quarterly fund reviews, investment themes, investment activity and deal updates, and various ad-hoc client requests.
• Address client and advisor inquiries related to private real estate and private infrastructure products and the underlying markets in which these strategies invest.
• Attend sales meetings with existing and prospective advisors and end clients in order to communicate portfolio and performance updates as well as market commentary.
• Work across Private Wealth business functions in supporting product initiatives such as Marketing, Sales, Investor Services, Product Strategy and Business Development
• Research competitive landscapes across alternative asset classes, strategy types and product structures.
• Travel for in-person client engagement as needed.

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
• Education Level: No Education Listed
• Number of Employees: 251-500 employees