Strategic Partners - GP Stakes Analyst

Blackstone • New York, NY

4d • $100,000 - $140,000

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. 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”).

Requirements

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

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.
• 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.

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: Entry Level