Blackstone Core+ team?

Can someone shed some light on Blackstone's core+ team? How are they viewed in comparison with their REPE team and what are some common exits from core+? Do core+ people do both acquisitions and AM?

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For Europe atleast it seems that it's separated from their REPE team.   From the description of their summer analyst position in London, it seems that they don't play a direct role in the investment decisions?

Description for their summer analyst position:

  • Work closely with the acquisitions, asset management, portfolio management, capital markets, finance and Institutional Client Solutions (“ICS”) teams on all aspects of the Core+ business
  • Actively support due diligence, tax structuring, debt, and hedging strategies as well as preparation of investor materials
  • Monitor acquisition pipeline, investment results, and portfolio performance in relation to portfolio objectives
  • Help track operating and financial data for Core+ assets on a quarterly basis in conjunction with asset management and portfolio management
  • Maintain liquidity analysis and other fund models
  • Interface with internal counterparties including fund operations, accounting, legal, tax and compliance teams
  • Assist with quarterly reporting to LPs and other stakeholders
  • Assist with other marketing requests and materials, in conjunction with the ICS team
  • Excel modelling and development of presentations
 

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