Company Profile For The Blackstone Group L.P.

The Blackstone Group L.P. is an alternative asset manager and provider of financial advisory services. It is an independent alternative asset manager with assets under management of $94.56 billion, as of December 31, 2008. Its alternative asset management businesses include the management of corporate private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles and publicly-traded, closed-end mutual funds. It also provides financial advisory services, including corporate and mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services. It operates in four segments: Corporate Private Equity, Real Estate, Marketable Alternative Asset Management and Financial Advisory. In August 2008, it established a business group, Cleantech Energy Group. In October 2008, it acquired Apria Healthcare Group Inc. In September 2009, the Company sold 57% interest in Cineworld Group PLC.

BRIEF: For the nine months ended 30 September 2009, The Blackstone Group L.P.'s revenues totaled $1.05B, up from $261.9M. Net loss decreased 24% to $572M. Revenues reflect the presence of income from performance fees & allocations vs. a loss and a decrease in loss from investment activity. Lower loss was partially offset by an increase in general, administrative & other expenses and higher net loss attributable to non controlling interest.