I'm interviewing for a job with Blackstone TacOpps next month. Does anybody have any info on what they're doing or what an interview with them might look like? Are they a good group?
What is Blackstone Tactical Opportunities?
Blackstone Tactical Opportunities was created as an opportunity to invest in 'alternative assets'. They pursue investments in areas, for example, real estate, not normally pursued by other Blackstone Divisions. It works across their different business units, drawing from the many networks and intellectual capital of Blackstone Group. Essentially they invest in non-traditional avenues (BCP, GSO etc) while spreading the acquired knowledge of such investments across the firm.
Read about Blackstone Tactical Opperations' mandate in the image below.
TOG can be viewed as a catch-all of sorts. It essentially answers the question of "What do we do with investment ideas that we feel are still compelling even though they may fall beyond our investment mandate or outside our comfort levels for this fund?" (where 'this fund' = Strategic Partners, GSO, REPE, etc.).
I've heard mixed things. One guy said it was intellectually stimulating work (broad range of investment opportunities to review, no day was the same, developing a varied skill-set), and another said it felt like bitch work cleaning up the leftovers that other funds passed along to the team in TOG.
Those are my only two datapoints. I'm still not clear on what split there is between actually sourcing ideas that fall outside other funds' parameters vs. reviewing and not/investing in deals that were sourced by another Blackstone fund, but I hope this is helpful.
Blackstone Tactical Opportunities Careers
What sort of people work in Blackstone's Tactical Opportunities? Blackstone Tactical Opportunities works on a global scale and its senior team has been put together by drawing talent from across the other Blackstone business lines. This generates an interesting and eclectic skill set which is appropriate considering the sorts of opportunities they pursue.
Listen to David Blitzer, head of Blackstone Tactical Opportunities, describe what they do.
When preparing for an interview, consider that they will likely have technical questions for you. They will want to see that you have an understanding of 'alternative assets'. Also, make sure you are brushed up on the finer points of some of these assets, real estate for example.
You can read more about Blackstone Group on the Wall Street Oasis Company Database
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