Business Unit Overview
Blackstone Multi‑Asset Investing (BXMA) manages $101 billion across a diversified set of businesses. It strives to generate attractive risk‑adjusted returns for clients across market cycles. Its strategies include Absolute Return, Multi‑Strategy, Total Portfolio Management, and Public Real Assets.
Job Description:
The Vice President will be a core investment professional within BXMA’s Total Portfolio Management (TPM) platform, responsible for diligence and execution across fund investments, co‑investments, and select direct investments. The role requires strong independent judgment, full ownership of diligence workstreams, and consistent delivery of investment‑committee‑ready analysis in line with Blackstone standards. The Vice President will work closely with senior investment professionals and is expected to operate with high accountability, intellectual rigor, and attention to detail, while managing multiple parallel processes in a dynamic, institutional environment.
Key Responsibilities: Fund Diligence & Evaluation
Lead end‑to‑end diligence on private equity, venture capital and growth equity fund opportunities
Conduct detailed analysis of:
GP organization, investment team, incentives, and governance
Track record attribution at both fund and deal level
Portfolio construction, underwriting discipline, and risk management
Fund terms, economics, alignment, and structural considerations
Develop clear investment perspectives and recommendations grounded in data and qualitative diligence
Comprehensive and detailed market mapping of sponsors and deals for competitive analysis and opportunity identification
Reference & Background Work – take responsibility for due diligence on limited partners, portfolio company executives and founders, former partners, employees, and industry contacts; synthesize insights into decision‑oriented conclusions for senior investment professionals and ICs
Co‑Investments & Direct Investments – evaluate opportunities alongside external managers; perform company‑level diligence (business model, competitive positioning, growth drivers, unit economics, scalability, downside risks, exit scenarios, return sensitivities); support transaction execution, internal approvals, and post‑investment monitoring
Investment Committee Materials & Process – own preparation of investment committee memoranda, exhibits, and supporting analyses; ensure materials meet Blackstone standards for clarity, rigor, concision; present analyses and recommendations to senior investment professionals and ICs
Portfolio Monitoring – monitor existing fund and direct investments; review quarterly reports, valuations, capital activity, and GP communications; identify emerging risks, performance issues, and follow‑on considerations; contribute to portfolio reviews and strategic discussions across BXMA
Qualifications: 6+ years of relevant experience, including:
Allocator experience at family office, endowment, foundation, pension, or fund‑of‑funds
Buy‑side investing (VC, growth equity, private equity, or fund‑of‑funds)
Investment banking or consulting experience
Demonstrated experience leading investment diligence and IC processes
Strong understanding of private equity, venture and growth equity fund structures, economics, and return drivers
Experience with co‑investments and/or direct investing preferred
MBA and/or CFA a plus, but not required
Exceptional analytical and problem‑solving skills
Strong written and verbal communication; experience distilling complex analysis for senior audiences
Experience managing multiple workstreams under tight timelines, in a dynamic environment
Relationship‑oriented mindset; network building over time expected
Owns IC materials end‑to‑end; leads project and deal execution across funds and co‑investments with limited oversight
Trusted to represent BXMA with external managers and counterparties
Expected annual base salary range
$185,000 - $200,000
Benefits: Comprehensive health benefits (medical, dental, vision, FSA)
Paid time off
Life insurance
401(k) plan
Discretionary bonuses
Potential equity and other incentive compensation at Blackstone’s discretion
Equal Employment Opportunity Statement:
Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.
Securities License Requirements
Attending client meetings where Blackstone products are discussed
Marketing Blackstone funds to new or existing clients
Supervising or training securities‑licensed employees
Structuring or creating Blackstone funds/products
Advising on marketing plans prepared by a sales team or contributing information for marketing materials
Reasonable Accommodation
If you need a reasonable accommodation to complete your application, please contact Human Resources at 212‑583‑5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).
