Blackstone Real Estate Special Situations Advisors L.L.C.
- Regulatory AUM
- $69.8B
- Discretionary
- $69.7B
- Clients
- 70
- Avg AUM / client
- $997M
- Accounts
- 97
- Employees
- 255
AUM over time
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Asset allocation (SMA assets by investment type)
as of Mar 30, 2026Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | $158M | 0.23% |
| Business development companies | 1 | $1.6B | 2.26% |
| Pooled investment vehicles (non-investment companies) | 38 | $20.4B | 29.2% |
| State or municipal government entities | Fewer than 5 clients | $383M | 0.55% |
| Insurance companies | 30 | $47.2B | 67.6% |
| Corporations and other businesses | 0 | $111M | 0.16% |
Private funds (29)
View all →Reported in Form ADV Section 7.B.(1), filing of Sep 2024 · $18.6B combined gross assets
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Quinlan, Paul, Daniel | Real Estate Chief Financial Officer | Jan 2015 (12y) | Less than 5% | |
| Karim, Farhad, Mawji | Global Real Estate General Counsel | Jan 2017 (10y) | Less than 5% | |
| Mccarthy Baldwin, Kathleen, Theresa | Global Co Head Of Real Estate | Feb 2018 (9y) | Less than 5% | |
| Mathias, Scott, Aaron | Chief Compliance Officer | Mar 2020 (6y) | Less than 5% | |
| Johnson, Timothy, Steven | Global Head Of Blackstone Real Estate Debt Strategies | Oct 2021 (5y) | Less than 5% | |
| Keenan, Katharine, Amelia | Global Chief Operating Officer Of Real Estate Credit | Nov 2023 (3y) | Less than 5% | |
| Meghji, Nadeem, Nmn | Global Co Head Of Real Estate | Jan 2024 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Blackstone Holdings I L.P. | Managing Member | Dec 2007 | A | 75% or more |
| Blackstone Inc. | Sole Member | Jun 2007 | B | 75% or more of Blackstone Holdings I/Ii Gp Llc (indirect) |
| Blackstone Holdings I/Ii Gp Llc | General Partner | Jun 2007 | B | GP / trustee / elected manager of Blackstone Holdings I L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (29, $18.6B gross assets)
Top 25 of 29 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 8.71 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Citibank $38.6B (55% of AUM) Mar 2026
- BNY Mellon $8.2B (12% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗