Blackstone Infrastructure Thoughts?

Based on the most helpful WSO content:

Blackstone Infrastructure:

• Recent Fundraising: Blackstone Infrastructure recently raised a significant fund, indicating strong market confidence and substantial capital for investments.
• Comparison with Other Infra Players: When compared to other major infrastructure players like GIP or Stonepeak, Blackstone Infrastructure is seen as a competitive and attractive option.

Compensation and Culture:

• Compensation:
  • Senior Associates: Specific figures for senior associates aren't detailed, but compensation is generally competitive within the industry.
  • Carry: Information on when carry kicks in and the amount isn't specified, but it's a critical component of overall compensation in PE firms.
• Culture:
  • Work Environment: The environment at Blackstone in NYC is described as potentially stuffy, with traditional expectations like wearing suits and ties every day and limited remote work options.
  • Perks: Perks might be lacking, with no 401k match or fitness stipend mentioned.

Overall Employee Satisfaction:

• Overall Satisfaction: Blackstone Group has a high overall employee satisfaction rating of 98.9% as of September 2023.
• Professional Growth Opportunities: Blackstone Group also scores well in professional growth opportunities, with a rating of 97.9%.

Summary:

Blackstone Infrastructure is a strong player in the infrastructure space with significant recent fundraising. While the compensation is competitive, the culture might be more traditional and perks less generous compared to some other firms. However, the high employee satisfaction and professional growth opportunities make it an attractive place to work.

Sources: Blackstone in NYC: Culture/Comp/Perks, Blackstone Infrastructure?, Thoughts on ISQ/BAM/ECP?, Thoughts on Blackstone adjusting their recruiting process?, Blackstone Investor Day Takeaway