Blackstone Group LP is a global alternative asset manager. Its alternative asset management businesses include the management of corporate private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles and separately managed accounts. Blackstone also provides a wide range of financial advisory services, including financial advisory, restructuring and reorganization, and fund placement services. The company operates its business through the following business segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit Businesses. The Private Equity segment involves its management of private equity funds. The Real Estate segment primarily comprises its management of general real estate funds and internationally focused real estate funds. The segment has debt investment funds targeting non-controlling real estate debt-related investment opportunities in the public and private markets, primarily in the U.S. and Europe. The Hedge Fund Solutions segment engages in Blackstone Alternative Asset Management, which manages funds of hedge funds and includes Indian-focused and Asian-focused closed-end mutual funds. The Credit Businesses segment, which principally includes GSO, manages credit-oriented funds, CLOs, separately managed accounts and debt-focused closed-end registered investment companies. The comapny was by founded by Stephen Allen Schwarzman in 1985 and is headquartered in New York, NY.