DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Blackstone Real Estate Special Situations Advisors L.L.C.
Latest filing Sep 8, 2026
First filing on the tape Nov 9, 2011 · 51 filings
SEC status approved since Jan 15, 2008
RAUM
$70B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
255
134 advisory (5.B.1)
Offices
6
beyond the principal office
Private funds
0
reported on Schedule D
History
51 filings and snapshots on the tape
RAUM$70B as of Mar 30, 2026
Mar 30, 2012$3.7B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 28, 20130 then
Employees (5.A)255 as of Mar 30, 2026
Mar 28, 201362 then
Private funds20 as of Mar 30, 2026
Mar 30, 201213 then
RAUM +8.9% over the last fiscal year+8.5% a year over threeIARs 0 to 0offices 5 to 6
Practice profile
derived from the filing of Sep 8, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $721MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 68%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived7 offices incl. principal (1.F.5)
- RAUM growth, one year
- +8.6%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
- Custody
- yesreportedItem 9.A
- Ownership
- controlled by a public reporting companyderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- controlled by a public reporting company (10.A)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Insurance companies$47B69%
- Pooled investment vehicles$21B30%
- State and municipal entities$383M0.6%
- Investment companies$158M0.2%
- Corporations and businesses$111M0.2%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 97reported
- Financial planning clients
- n/areported
- Wrap fee programs
- noreported
- Custody of client assets
- $0 for 0 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.32 institutional_share=0.68 related_bd=true related_bank=true bd_reps=22.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
55 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Blackstone Real Estate Debt Strategies IV L.P. | Real Estate Fund | $4.7B | 44 | Mar 30, 2020 |
| Blackstone Real Estate Debt Strategies V L.P. | Real Estate Fund | $2.2B | 42 | Mar 30, 2023 |
| Blackstone Real Estate Debt Strategies III L.P. | Real Estate Fund | $1.8B | 88 | Mar 30, 2016 |
| Blackstone Real Estate Debt Strategies IV (Lux) Scsp | Real Estate Fund | $1.8B | 10 | Mar 30, 2020 |
| Blackstone Real Estate Debt Strategies V - C L.P. | Real Estate Fund | $1.7B | 2 | Mar 28, 2024 |
| Blackstone Real Estate Debt Strategies IV - C L.P. | Real Estate Fund | $1.1B | 2 | Mar 31, 2021 |
| Blackstone Cmbs Fund - G L.P. | Hedge Fund | $1.0B | 3 | Aug 25, 2016 |
| Blackstone Real Estate Debt Strategies High-Grade L.P. | Real Estate Fund | $898M | 13 | Mar 30, 2017 |
| Blackstone Real Estate Debt Strategies IV - Gaussian L.P. | Real Estate Fund | $867M | 2 | Mar 31, 2021 |
| Blackstone Cmbs Opportunity Fund L.P. | Hedge Fund | $518M | 3 | Aug 3, 2020 |
| Blackstone Real Estate Debt Strategies V (Lux) Scsp | Real Estate Fund | $515M | 30 | Mar 30, 2023 |
| Blackstone Real Estate Cmbs Master Fund Ltd.no longer reported | Hedge Fund | $478M | 16 | Mar 30, 2012 |
| Blackstone Harrington Holdings L.P. | Hedge Fund | $299M | 2 | Feb 25, 2019 |
| Blackstone Real Estate Debt Strategies III - Gaussian L.P. | Real Estate Fund | $236M | 2 | Mar 30, 2017 |
| Blackstone Real Estate Debt Strategies II - Ac L.P.no longer reported | Real Estate Fund | $188M | 2 | Mar 31, 2015 |
| Blackstone Real Estate Special Situations Europe L.P.no longer reported | Real Estate Fund | $186M | 26 | Mar 30, 2012 |
| Blackstone Real Estate Debt Strategies III - N L.P. | Real Estate Fund | $151M | 2 | Mar 30, 2017 |
| Wdc 5100 Topco LP | Real Estate Fund | $128M | 2 | Mar 30, 2023 |
| Blackstone Residential Operating Partnership L.P. | Hedge Fund | $126M | 3 | Jul 15, 2016 |
| Wdc 4900 Topco LP | Real Estate Fund | $120M | 2 | Mar 30, 2023 |
| Wdc Fulton Topco LP | Real Estate Fund | $118M | 2 | Mar 30, 2023 |
| Ct Legacy Partners LLCno longer reported | Other Private Fund | $66.9M | 134 | Feb 14, 2012 |
| Neutrino Topco LP | Real Estate Fund | $60.1M | 4 | Mar 28, 2024 |
| Cabin Topco LP | Real Estate Fund | $53.1M | 4 | Mar 28, 2024 |
| Lightbulb Topco LP | Real Estate Fund | $51.5M | 4 | Mar 28, 2024 |
| Truck Topco LP | Real Estate Fund | $43.2M | 4 | Mar 28, 2024 |
| Blackstone Residential Fund - A L.P.no longer reported | Hedge Fund | $37.7M | 2 | Jul 15, 2016 |
| Blackstone Commercial Real Estate Debt Fund Holdings (Cayman) L.P.no longer reported | Real Estate Fund | $36.4M | 223 | Mar 30, 2012 |
| Barrel Topco LP | Real Estate Fund | $33.7M | 4 | Mar 28, 2024 |
| Blackstone Residential Fund - B L.P.no longer reported | Hedge Fund | $31.3M | 2 | Mar 29, 2018 |
| Toast Topco LP | Real Estate Fund | $31.1M | 2 | Mar 30, 2023 |
| Qubit Topco LP | Real Estate Fund | $27.9M | 2 | Mar 30, 2023 |
| Blackstone Real Estate Special Situations Europe (Isobel) Nq L.P.no longer reported | Real Estate Fund | $27.3M | 55 | Mar 30, 2016 |
| Breds - F Spv L.P. | Real Estate Fund | $16.8M | 1 | Mar 30, 2023 |
| Blackstone Real Estate Special Situations Fund II L.P.no longer reported | Real Estate Fund | $15.1M | 70 | Mar 30, 2012 |
| Blackstone Real Estate Principal Transaction Partners L.P.no longer reported | Real Estate Fund | $10.8M | 2 | Mar 30, 2012 |
| Blackstone Real Estate Special Situations Europe.1 L.P.no longer reported | Real Estate Fund | $8.7M | 5 | Mar 30, 2012 |
| Blackstone Real Estate Special Situations Fund II.1 L.P.no longer reported | Real Estate Fund | $8.1M | 5 | Mar 30, 2012 |
| Blackstone Real Estate Special Situations Europe.1 L.P.no longer reported | Real Estate Fund | $6.9M | 4 | Mar 30, 2018 |
| Blackstone Real Estate Special Situations Europe L.P.no longer reported | Real Estate Fund | $6.6M | 51 | Mar 30, 2018 |
Owners and control persons
Schedule A and B, latest filing
- Steven Timothy Johnson · Global Head Of Blackstone Real Estate Debt Strategiescontrolsince 10/2021 · owns less than 5%
- Mawji Farhad Karim · Global Real Estate General Counselcontrolsince 01/2017 · owns less than 5%
- Amelia Katharine Keenan · Global Chief Operating Officer Of Real Estate Creditcontrolsince 11/2023 · owns less than 5%
- Aaron Scott Mathias · Chief Compliance Officercontrolsince 03/2020 · owns less than 5%
- Theresa Kathleen Mccarthy-Baldwin · Global Co-Head Of Real Estatecontrolsince 02/2018 · owns less than 5%
- Nmn Nadeem Meghji · Global Co-Head Of Real Estatecontrolsince 01/2024 · owns less than 5%
- Daniel Paul Quinlan · Real Estate Chief Financial Officercontrolsince 01/2015 · owns less than 5%
Entity owners
- Blackstone Holdings I L.P. · Managing Memberdirect · owns 75% or more
- Blackstone Holdings I/II Gp LLC · General Partnerindirect · owns F of Blackstone Holdings I L.P.
- Blackstone Inc. · Sole Memberindirect · owns 75% or more of Blackstone Holdings I/II Gp LLC · public reporting company
Related persons
Schedule D 7.A
- Aegon Bre Gp LLCinvestment adviserpooled vehicle sponsorn
- Aenys Bre Gp LLCinvestment adviserpooled vehicle sponsorn
- Ask Investment Managers Ltd.investment advisern
- Assetpoint Financial, LLCbroker-dealern
- Blackstone (Shanghai) Equity Investments Management Co. Ltd.investment advisern
- Blackstone Administrative Services Canada Ulcinvestment advisern
- Blackstone Advisors India Private Limitedinvestment advisern
- Blackstone Advisors Korea Limitedinvestment advisern
- Blackstone Alternative Asset Management L.P.investment adviserbanknRAUM $92B
- Blackstone Alternative Credit Advisors LPinvestment adviserbanknRAUM $44B
- Blackstone Alternative Investment Advisors LLCinvestment adviserbanknRAUM $5.4B
- Blackstone Alternative Solutions L.L.C.investment adviserbanknRAUM $20B
- Blackstone Capital Israel Ltd.investment advisern
- Blackstone Clo Management LLCinvestment adviserbanknRAUM $31B
- Blackstone Core Equity Advisors L.L.C.investment advisernRAUM $3.7B
- Blackstone Credit Bdc Advisors LLCinvestment adviserbanknRAUM $101B
- Blackstone Credit Systematic Strategies LLCinvestment adviserbankpooled vehicle sponsornRAUM $36B
- Blackstone Europe Fund Management S.A.R.L.investment advisern
- Blackstone Europe Llpinvestment advisern
- Blackstone Growth Advisors L.L.C.investment advisernRAUM $10B
- Blackstone Infrastructure Advisors L.L.C.investment adviserbanknRAUM $80B
- Blackstone Ireland Fund Management Limitedinvestment adviserbanknRAUM $2.5B
- Blackstone Ireland Limitedinvestment advisernRAUM $15B
- Blackstone Isg-I Advisors L.L.C.investment adviserbanknRAUM $184B
- Blackstone Isg-II Advisors L.L.C.investment adviserbanknRAUM $8.0B
- Blackstone Life Sciences Advisors L.L.C.investment advisernRAUM $13B
- Blackstone Liquid Credit Advisors I LLCinvestment adviserbanknRAUM $52B
- Blackstone Liquid Credit Strategies LLCinvestment adviserbanknRAUM $19B
- Blackstone Management Partners IV L.L.C.investment advisernRAUM $2.1B
- Blackstone Management Partners L.L.C.investment adviserbanknRAUM $146B
Advisers that list Blackstone Real Estate Special Situations Advisors L.L.C. as a related person
Offices
Schedule D 1.F, the 25 largest
- London, United Kingdom28 employees
- Sydney, Australia4 employees
- Santa Monica, CA2 employees
- Hong Kong, Hong Kong1 employees
- Singapore, Singapore1 employees
What changed
consecutive filings, newest first
- Financial planning clients · to unsetMar 30, 2026 to Sep 8, 2026
- Private funds · 20 to unsetMar 30, 2026 to Sep 8, 2026
- Discretionary RAUM · $70B to $70BMar 30, 2026 to Sep 8, 2026
- Pooled vehicle RAUM · $20B to $21BMar 30, 2026 to Sep 8, 2026
- RAUM · $70B to $70BMar 30, 2026 to Sep 8, 2026
- Succession · false to unsetMar 30, 2026 to Sep 8, 2026
- Accounts · 80 to 97Jan 30, 2026 to Mar 30, 2026
- Advisory employees · 139 to 134Jan 30, 2026 to Mar 30, 2026
- BD registered reps · 25 to 22Jan 30, 2026 to Mar 30, 2026
- Pooled vehicle clients · 53 to 38Jan 30, 2026 to Mar 30, 2026
- Employees · 273 to 255Jan 30, 2026 to Mar 30, 2026
- Other offices · 5 to 6Jan 30, 2026 to Mar 30, 2026
- Private funds · 34 to 20Jan 30, 2026 to Mar 30, 2026
- Discretionary RAUM · $64B to $70BJan 30, 2026 to Mar 30, 2026
- Non-discretionary RAUM · $0 to $111MJan 30, 2026 to Mar 30, 2026
- Pooled vehicle RAUM · $20B to $20BJan 30, 2026 to Mar 30, 2026
- RAUM · $64B to $70BJan 30, 2026 to Mar 30, 2026
- Related insurance company · false to trueJan 30, 2026 to Mar 30, 2026
- Accounts · 71 to 80Sep 23, 2024 to Mar 28, 2025
- Advisory employees · 150 to 139Sep 23, 2024 to Mar 28, 2025
- BD registered reps · 29 to 25Sep 23, 2024 to Mar 28, 2025
- Pooled vehicle clients · 44 to 53Sep 23, 2024 to Mar 28, 2025
- Employees · 285 to 273Sep 23, 2024 to Mar 28, 2025
- Financial planning clients · unset to Sep 23, 2024 to Mar 28, 2025
- Private funds · 29 to 34Sep 23, 2024 to Mar 28, 2025
- Discretionary RAUM · $69B to $64BSep 23, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $18B to $20BSep 23, 2024 to Mar 28, 2025
- RAUM · $69B to $64BSep 23, 2024 to Mar 28, 2025
- Discretionary RAUM · $69B to $69BMar 28, 2024 to Sep 23, 2024
- Pooled vehicle RAUM · $18B to $18BMar 28, 2024 to Sep 23, 2024
- RAUM · $69B to $69BMar 28, 2024 to Sep 23, 2024
- Accounts · 58 to 71Feb 29, 2024 to Mar 28, 2024
- Advisory employees · 144 to 150Feb 29, 2024 to Mar 28, 2024
- Advisory activities · 2 to 3Feb 29, 2024 to Mar 28, 2024
- BD registered reps · 37 to 29Feb 29, 2024 to Mar 28, 2024
- Pooled vehicle clients · 40 to 44Feb 29, 2024 to Mar 28, 2024
- Employees · 321 to 285Feb 29, 2024 to Mar 28, 2024
- Other offices · 3 to 5Feb 29, 2024 to Mar 28, 2024
- Private funds · 25 to 29Feb 29, 2024 to Mar 28, 2024
- Discretionary RAUM · $55B to $69BFeb 29, 2024 to Mar 28, 2024
Signals
9 dated events
- Lee Jonathan Pollack (Global Head Of Real Estate Credit) no longer on Schedule A of Blackstone Real Estate Special Situations Advisors L.L.C. (listed 2024-01-30, absent 2024-02-29)Feb 29, 2024 · Control person left · inference
- Alan Kenneth Caplan (Global Co-Head Of Real Estate) no longer on Schedule A of Blackstone Real Estate Special Situations Advisors L.L.C. (listed 2023-09-08, absent 2024-01-30)Jan 30, 2024 · Control person left · inference
- Nmn Nadeem Meghji (Global Co-Head Of Real Estate) appeared on Schedule A of Blackstone Real Estate Special Situations Advisors L.L.C.Jan 30, 2024 · Control person joined · fact
- Amelia Katharine Keenan (Global Chief Operating Officer Of Real Estate Credit) appeared on Schedule A of Blackstone Real Estate Special Situations Advisors L.L.C.Jan 30, 2024 · Control person joined · fact
- Blackstone Real Estate Special Situations Advisors L.L.C. reported RAUM $50.0B, up 106% from $24.3B (2022-02-09 to 2022-04-01)Apr 1, 2022 · RAUM change · derived
- Bruce Michael Nash (Chairman Of Blackstone Real Estate Debt Strategies) no longer on Schedule A of Blackstone Real Estate Special Situations Advisors L.L.C. (listed 2021-06-07, absent 2021-11-19)Nov 19, 2021 · Control person left · inference
- Blackstone Real Estate Special Situations Advisors L.L.C. reported RAUM $24.3B, up 39% from $17.5B (2020-08-03 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- John Patrick Kassen (Chief Compliance Officer) no longer on Schedule A of Blackstone Real Estate Special Situations Advisors L.L.C. (listed 2019-07-15, absent 2020-03-30)Mar 30, 2020 · Control person left · inference
- Aaron Scott Mathias (Chief Compliance Officer) appeared on Schedule A of Blackstone Real Estate Special Situations Advisors L.L.C.Mar 30, 2020 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/blackstonegroupreportedpublic record, Form ADV, Sep 17, 2026
- Website
- blackstone.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 212-583-5000reportedpublic record, Form ADV, Sep 8, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
Blackstone Real Estate Special Situations Advisors L.L.C. is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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