Blackstone Liquid Credit Advisors I Llc
SEC-registered
Investment Adviser · Large ($10B–$100B)
CRD 152294
· SEC file 801-70830
· New York, NY
· spoti.fi
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ADV data as of Mar 30, 2026
- Regulatory AUM
- $51.6B
- Discretionary
- $51.6B
- Clients
- 56
- Avg AUM / client
- $922M
- Accounts
- 60
- Employees
- 711
AUM over time
$2.6B
$51.6B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Asset allocation (SMA assets by investment type)
as of Mar 30, 2026
Investment-grade corporate bonds
$24.3B
47%
Other
$18.6B
36%
Non-investment-grade bonds
$6.2B
12%
State & local bonds
$1.5B
3%
US government & agency bonds
$516M
1%
Cash & equivalents
$516M
1%
Share 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 |
|---|---|---|---|
| High net worth individuals | Fewer than 5 clients | $1.0B | 2.01% |
| Banking or thrift institutions | Fewer than 5 clients | $230M | 0.44% |
| Pooled investment vehicles (non-investment companies) | 7 | $691M | 1.34% |
| Pension and profit sharing plans | 6 | $1.7B | 3.3% |
| Insurance companies | 43 | $47.7B | 92.5% |
| Corporations and other businesses | Fewer than 5 clients | $226M | 0.44% |
| Other | Fewer than 5 clients | $2.9M | 0.01% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $163M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Bto Coskata Holdings De L.P. | Other Private Fund | Delaware | $106M | 12 |
| Bto Plymouth Holdings Nq L.P. | Other Private Fund | Delaware | $46.1M | 16 |
| Gso Mak Fund Lp | Hedge Fund | Delaware | $11.5M | 2 |
People (6)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Beeney, Marisa, Janel | General Counsel | Feb 2010 (17y) | Less than 5% | |
| Iannarone, Thomas, Lawrence | Chief Operating Officer Of Liquid Credit Strategies | Jan 2013 (14y) | Less than 5% | |
| Bougiamas, Panayiota (Toula), K. | Chief Compliance Officer | Oct 2019 (7y) | Less than 5% | |
| Dellaert, Gilles, Maurice | Global Head Of Blackstone Credit And Insurance | Jan 2024 (3y) | Less than 5% | |
| Skinner, William, P | Chief Financial Officer | Jan 2024 (3y) | Less than 5% | |
| Hoghooghi, Ida | Chief Operating Officer | Jul 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Blackstone Alternative Credit Advisors Lp | Managing Member | Nov 2009 | A | 75% or more |
| Blackstone Inc. | Sole Member | Jun 2007 | B | ≈ 0.74% – 21.09% via Blackstone Holdings Iv Gp Management L.L.C. |
| Blackstone Holdings I L.P. | Managing Member | Jan 2009 | B | ≈ 28.13% – 75% via Gso Holdings I L.L.C. |
| Stoneco Iv Corporation | Sole Member | Oct 2015 | B | ≈ 14.06% – 50% via Gso Capital Partners Gp L.L.C. |
| Blackstone Holdings Iv Gp L.P. | Limited Partner | Jul 2019 | B | ≈ 2.64% – 28.13% via Blackstone Holdings Iv Gp Sub Lp |
| Blackstone Holdings Iv Gp Management L.L.C. | Sole Member | Jun 2007 | B | ≈ 0.99% – 21.09% via Blackstone Holdings Iv Gp Limited Partner L.L.C. |
| Gso Holdings I L.L.C. | Limited Partner | Mar 2008 | B | ≈ 37.5% – 75% via Blackstone Alternative Credit Advisors Lp |
| Blackstone Holdings I/Ii Gp L.L.C. | General Partner | Sep 2015 | B | ≈ 1.76% – 18.75% via Blackstone Holdings Ai L.P. |
| Blackstone Holdings Iv L.P. | Shareholder | Jun 2007 | B | ≈ 7.03% – 37.5% via Stoneco Iv Corporation |
| Blackstone Holdings Iv Gp Limited Partner L.L.C. | Limited Partner | Jun 2007 | B | ≈ 1.32% – 21.09% via Blackstone Holdings Iv Gp L.P. |
| Blackstone Holdings Iv Gp Sub Lp | Limited Partner | Jul 2019 | B | ≈ 3.52% – 28.13% via Blackstone Holdings Iv L.P. |
| Blackstone Holdings Iv Gp Management (Delaware) L.P. | General Partner | Jun 2007 | B | ≈ 1.32% – 21.09% via Blackstone Holdings Iv Gp L.P. |
| Blackstone Holdings Ai L.P. | Shareholder | Jul 2019 | B | ≈ 3.52% – 25% via Stoneco Iv Corporation |
| Gso Capital Partners Gp L.L.C. | General Partner | Oct 2015 | B | ≈ 18.75% – 50% via Blackstone Alternative Credit Advisors Lp |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Blackstone Inc.: 75% – 100% of Blackstone Holdings Iv Gp Management L.L.C. × 75% – 100% of Blackstone Holdings Iv Gp Limited Partner L.L.C. × 50% – 75% of Blackstone Holdings Iv Gp L.P. × 75% – 100% of Blackstone Holdings Iv Gp Sub Lp × 50% – 75% of Blackstone Holdings Iv L.P. × 50% – 75% of Stoneco Iv Corporation × 75% – 100% of Gso Capital Partners Gp L.L.C. × 25% – 50% of Blackstone Alternative Credit Advisors Lp × 75% – 100% direct ≈ 0.74% – 21.09% of the firm
- Blackstone Holdings I L.P.: 75% – 100% of Gso Holdings I L.L.C. × 50% – 75% of Blackstone Alternative Credit Advisors Lp × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Stoneco Iv Corporation: 75% – 100% of Gso Capital Partners Gp L.L.C. × 25% – 50% of Blackstone Alternative Credit Advisors Lp × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Blackstone Holdings Iv Gp L.P.: 75% – 100% of Blackstone Holdings Iv Gp Sub Lp × 50% – 75% of Blackstone Holdings Iv L.P. × 50% – 75% of Stoneco Iv Corporation × 75% – 100% of Gso Capital Partners Gp L.L.C. × 25% – 50% of Blackstone Alternative Credit Advisors Lp × 75% – 100% direct ≈ 2.64% – 28.13% of the firm
- Blackstone Holdings Iv Gp Management L.L.C.: 75% – 100% of Blackstone Holdings Iv Gp Limited Partner L.L.C. × 50% – 75% of Blackstone Holdings Iv Gp L.P. × 75% – 100% of Blackstone Holdings Iv Gp Sub Lp × 50% – 75% of Blackstone Holdings Iv L.P. × 50% – 75% of Stoneco Iv Corporation × 75% – 100% of Gso Capital Partners Gp L.L.C. × 25% – 50% of Blackstone Alternative Credit Advisors Lp × 75% – 100% direct ≈ 0.99% – 21.09% of the firm
- Gso Holdings I L.L.C.: 50% – 75% of Blackstone Alternative Credit Advisors Lp × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Blackstone Holdings I/Ii Gp L.L.C.: 50% – 75% of Blackstone Holdings Ai L.P. × 25% – 50% of Stoneco Iv Corporation × 75% – 100% of Gso Capital Partners Gp L.L.C. × 25% – 50% of Blackstone Alternative Credit Advisors Lp × 75% – 100% direct ≈ 1.76% – 18.75% of the firm
- Blackstone Holdings Iv L.P.: 50% – 75% of Stoneco Iv Corporation × 75% – 100% of Gso Capital Partners Gp L.L.C. × 25% – 50% of Blackstone Alternative Credit Advisors Lp × 75% – 100% direct ≈ 7.03% – 37.5% of the firm
- Blackstone Holdings Iv Gp Limited Partner L.L.C.: 50% – 75% of Blackstone Holdings Iv Gp L.P. × 75% – 100% of Blackstone Holdings Iv Gp Sub Lp × 50% – 75% of Blackstone Holdings Iv L.P. × 50% – 75% of Stoneco Iv Corporation × 75% – 100% of Gso Capital Partners Gp L.L.C. × 25% – 50% of Blackstone Alternative Credit Advisors Lp × 75% – 100% direct ≈ 1.32% – 21.09% of the firm
- Blackstone Holdings Iv Gp Sub Lp: 50% – 75% of Blackstone Holdings Iv L.P. × 50% – 75% of Stoneco Iv Corporation × 75% – 100% of Gso Capital Partners Gp L.L.C. × 25% – 50% of Blackstone Alternative Credit Advisors Lp × 75% – 100% direct ≈ 3.52% – 28.13% of the firm
- Blackstone Holdings Iv Gp Management (Delaware) L.P.: 50% – 75% of Blackstone Holdings Iv Gp L.P. × 75% – 100% of Blackstone Holdings Iv Gp Sub Lp × 50% – 75% of Blackstone Holdings Iv L.P. × 50% – 75% of Stoneco Iv Corporation × 75% – 100% of Gso Capital Partners Gp L.L.C. × 25% – 50% of Blackstone Alternative Credit Advisors Lp × 75% – 100% direct ≈ 1.32% – 21.09% of the firm
- Blackstone Holdings Ai L.P.: 25% – 50% of Stoneco Iv Corporation × 75% – 100% of Gso Capital Partners Gp L.L.C. × 25% – 50% of Blackstone Alternative Credit Advisors Lp × 75% – 100% direct ≈ 3.52% – 25% of the firm
- Gso Capital Partners Gp L.L.C.: 25% – 50% of Blackstone Alternative Credit Advisors Lp × 75% – 100% direct ≈ 18.75% – 50% of the firm
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 (3, $163M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Bto Coskata Holdings De L.P. | Other Private Fund | $106M | $0 | 12 |
| Bto Plymouth Holdings Nq L.P. | Other Private Fund | $46.1M | $0 | 16 |
| Gso Mak Fund Lp | Hedge Fund | $11.5M | $0 | 2 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 5.4 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 pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $23.7B (46% of AUM) Mar 2026
- Citibank $8.8B (17% of AUM) Mar 2026
- Computershare Trust Company, N.A. $7.3B (14% of AUM) Mar 2026
- J.P. Morgan $7.3B (14% of AUM) Mar 2026
- State Street $2.0B (17% of AUM) Dec 2019
- Brown Brothers Harriman & Co. $1.4B (13% of AUM) Dec 2019
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) ↗