Summer 2027
Global alternative asset manager and investor
No salary listed
London, UK
In Person
The 10-week program is in person.
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Blackstone manages alternative assets for institutions and individuals, specializing in private equity, real estate, and credit investments. It mobilizes capital through vehicles like BREIT and BCRED and deploys into real estate, loans, and private securities to generate income and growth. The company distinguishes itself by its global scale, broad product suite, and access created through partnerships with financial advisors and wealth managers. Its goal is to build and manage industry-leading businesses and assets to deliver durable, long-term returns for investors.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
1985
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Professional Development Budget
Flexible Work Hours
Remote Work Options
401(k) Company Match
Paid Vacation
Mental Health Support
Wellness Program
Paid Sick Leave
Paid Holidays
Employee Discounts
Company Social Events
Blackstone has announced participation in a $16 billion lease-and-leaseback joint venture with Kuwait Oil Company, alongside Brookfield and KKR, covering Kuwait's entire domestic and export pipeline network. The consortium will operate the infrastructure under a long-term arrangement. Separately, Blackstone's private credit division is reportedly in discussions to acquire HSBC's A$30 billion Australian loan portfolio. The firm also participated in a $2 billion funding round for AI data centre company Firmus. These transactions reflect Blackstone's strategy of combining energy infrastructure investments with private credit expansion and AI-related data centre financing. The moves demonstrate deployment of capital into fee-generating, long-duration assets. Analysts project Blackstone could reach $22.5 billion in revenue by 2029, requiring 16.1% annual growth from current levels.
CoreWeave secured a $650 million credit facility in March 2024 to expand its data centre footprint and purchase advanced Nvidia hardware. JPMorgan Chase led the financing, with participation from Blackstone and Magnetar Capital. The GPU-accelerated cloud infrastructure provider plans to use the non-dilutive capital to deploy high-density computing clusters across the United States. The funding allows CoreWeave to acquire expensive Nvidia GPUs without diluting existing shareholders' equity. This facility follows a $2.3 billion debt financing round CoreWeave closed in mid-2023, which used its Nvidia hardware fleet as collateral. The company plans to open multiple new data centres by the end of 2024 to meet growing enterprise demand for generative AI and machine learning compute power.
Medallia has completed a recapitalisation agreement with its lenders, reducing debt and securing $150 million in new capital. The experience management platform has transitioned to new ownership led by Blackstone, alongside Apollo and FS KKR Capital Corp. The deal strengthens Medallia's balance sheet to accelerate development of AI-driven features. The company plans to expand generative AI and automation capabilities, deepen enterprise system integrations, and build on its Frontline-Ready AI foundation. Chief executive Mark Bishof said the transaction enables faster delivery of AI-led experience management to customers. Medallia aims to transform experience management from a reporting function into an intelligent, predictive, and automated business tool. The company reports global enterprise customers are already seeing significant productivity gains from its generative AI capabilities.
Blackstone, KKR, and Brookfield have formed a $16 billion infrastructure joint venture to acquire a 49% stake in Kuwait's domestic and export crude pipeline network. The deal, known as Project Peregrine, represents the largest foreign direct investment in Kuwait's history. The 20.5-year lease agreement covers 13 core pipelines spanning approximately 320 kilometres. Kuwait Oil Company retains 51% ownership and operational control, while the investor group receives volume-based tariff payments. The transaction provides $7.85 billion in upfront proceeds to Kuwait Petroleum Corporation, supporting plans to increase oil production capacity to four million barrels per day by 2035. Blackstone's infrastructure platform has grown to $90 billion in assets under management, whilst KKR has deployed approximately $5 billion in Middle Eastern infrastructure over the past 18 months.
HSBC Bank Australia has agreed to sell its Australian mortgage and personal lending portfolio to Blackstone for approximately A$36 billion ($25 billion). The transaction is expected to close in the first half of 2027, pending regulatory approval. Pepper Money will serve as the loan management partner for the portfolio. The Australian lender will work with Blackstone on transferring the portfolio from HSBC and managing borrower accounts. HSBC said the sale is part of a broader effort to simplify the group. The bank will continue investing in its corporate and institutional banking operations in Australia and New Zealand whilst closing remaining retail operations in stages over the next 18 months.