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Blackstone

Global alternative asset manager and investor

Senior Associate – Private Equity, Infrastructure Intern

Summer 2027Posted on 10/20/2026
$84.13/hr
Internship
MBA
New York, NY, USA
In Person
Finance & BankingPrivate Equity

About the job

Requirements
  • Applicants must be currently enrolled as MBA students.
  • Applicants must provide an anticipated graduation date of Spring 2028.
  • Applicants must have a strong analytical background.
  • Applicants must be able to manage internal and external stakeholders toward deadlines.
  • Applicants must submit a resume in PDF format.
Responsibilities
  • Lead all aspects of deal execution, including identifying and screening opportunities, evaluating investments, conducting financial analyses, structuring deals and acquisition financing, and preparing legal documentation.
  • Conduct extensive due diligence, including developing investment theses, leading discussions with management teams, coordinating with advisors and other key stakeholders, and executing investment theses and business plans.
  • Prepare and discuss transaction evaluation materials with the BIP Investment Committee.
  • Manage a team of junior investment professionals.
  • Work with portfolio company management teams, Blackstone’s Portfolio Operations team, and Senior Advisors to manage current investments, including analyzing potential add-on investments, refinancing opportunities, and exit opportunities.
  • Contribute to culture, group-building, and strategic initiatives for the investment platform.
Desired Qualifications
  • Knowledge of business strategy, finance, and accounting is desirable.
  • Prior experience in private equity is preferred.

About the company

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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Simplify's Take

What believers are saying

  • July 2026 inflows reached $68.3 billion, with $262.5 billion over twelve months.
  • Blackstone launched BXPM in 2026, broadening non-U.S. wealth access to private markets.
  • VoltaGrid, Eurowind, and AI data-center bets align Blackstone with power scarcity.

What critics are saying

  • Joe Baratta exits in 2026, removing Blackstone's private-equity steward during succession.
  • IDP rejected Blackstone's A$694.7 million bid on September 22, 2026.
  • A prolonged BREIT or BCRED run would freeze Blackstone's retail fundraising engine.

What makes Blackstone unique

  • Blackstone ran $1.35 trillion AUM in July 2026, dwarfing alternative managers.
  • Its perpetual wealth funds, BREIT and BCRED, lock in sticky retail capital.
  • Blackstone pairs private equity, credit, real estate, and infrastructure inside one platform.

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Benefits

  • 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

Company News

Nikkei Asia
Oct 13th, 2026
Schwarzman on Blackstone's founding: $400K in capital, 500 letters and no clients

Stephen Schwarzman and Pete Peterson founded Blackstone in 1985 with $200,000 each, opening on October 1 with $400,000 in capital. The name combines "Schwarz," meaning "black," and "Petro," meaning "stone." The firm rested on three pillars: a boutique advising on mergers and acquisitions, a leveraged buyout fund, and new ventures led by a "10 out of 10" person. Its 1988 asset management launch, led by Larry Fink, later grew into BlackRock. Early business was hard to win. None of more than 500 launch letters brought in work, as clients feared having to justify choosing a newcomer over the large financial houses they relied on. Blackstone had said it would raise $1 billion for its buyout fund but gathered only $175 million in the US. Japan, Schwarzman says, rescued the firm.

GFM Limited
Oct 13th, 2026
Blackstone leads $1bn private credit financing for Leidos-Analogic security merger

Blackstone is leading a $1bn private credit financing to support the combination of the security enterprise solutions businesses of Leidos Holdings and Analogic Corporation, Bloomberg reported. Blackstone Credit & Insurance is reportedly lead lender and joint lead arranger, alongside HPS Investment Partners, Bank of America, and Wells Fargo. Leidos, a listed engineering and technology services company based in Virginia, serves government and commercial clients. It generated $17.2bn in revenue in 2025. Analogic develops imaging, detection, artificial intelligence, and automation technologies. Private equity firm Altaris acquired it in a $1.1bn take-private deal in 2018. Blackstone was reportedly also among the lenders in a recent financing for Waymo, which was increased to $5bn.

MarketScreener
Oct 12th, 2026
Blackstone : Credit & Insurance Leads $1 Billion Financing to Support Combination of Analogic Corporation and Leidos’ Security Enterprise Solutions Businesses

NEW YORK - October 12, 2026 - Blackstone Credit & Insurance today announced that it is leading a $1 billion financing in support of the combination of Analogic Corporation with the Security...

GFM Limited
Oct 9th, 2026
Blackstone raises $1bn for private credit continuation fund with Allianz as lead buyer

Blackstone has raised approximately $1 billion for a private credit continuation vehicle, according to Bloomberg. The fund allows existing investors to exit while Blackstone maintains exposure to the underlying loan portfolio. Bloomberg reports that Allianz Global Investors is the lead buyer in the transaction, alongside StepStone Group. The vehicle holds assets from Blackstone Capital Opportunities Fund IV, which completed fundraising in 2022. The original fund delivered a net internal rate of return of 11% as of 30 June, according to Blackstone's latest financial disclosures. Evercore advised Blackstone on the transaction. Some loans will remain held by other Blackstone-managed funds. Blackstone and Allianz declined to comment, whilst Evercore and StepStone did not respond to requests for comment.

Bloomberg
Oct 6th, 2026
Waymo raises $5B in debut debt deal to fuel global robotaxi expansion

Waymo has increased its first private debt deal to $5 billion to support the robotaxi company's expansion. The self-driving vehicle operator is using the funds to fuel growth as it scales operations globally. The debt raise marks Waymo's entry into private credit markets as it seeks to expand beyond its current service areas.