Blackstone Tactical Opportunities Advisors L.L.C.
- Regulatory AUM
- $40.4B
- Discretionary
- $40.4B
- Clients
- 103
- Avg AUM / client
- $392M
- Accounts
- 104
- Employees
- 83
AUM over time
Annual snapshots from Form ADV filings · as of Jul 21, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 103 | $39.0B | 96.7% |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $1.3B | 3.31% |
| Other | 0 | $0 | — |
Private funds (90)
View all →Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $37.0B combined gross assets
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Blitzer, David, Scott | Global Head Of Tactical Opportunities | Dec 2011 (15y) | Less than 5% | |
| James, Christopher, Jamal | Chief Operating Officer | Dec 2011 (15y) | Less than 5% | |
| Striano, Christopher, Michael | Chief Financial Officer | Jan 2013 (14y) | Less than 5% | |
| Shapiro, Joshua, Fred | Chief Compliance Officer | Jul 2022 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Blackstone Intermediary Holdco L.L.C. | Sole Member | Dec 2011 | A | 75% or more |
| Blackstone Inc. | Sole Member | Dec 2011 | B | 75% or more of Blackstone Holdings I / Ii Gp Llc (indirect) |
| Blackstone Securities Partners L.P. | Sole Member | Dec 2011 | B | ≈ 56.25% – 100% via Blackstone Intermediary Holdco L.L.C. |
| Blackstone Group Holdings L.P. | Limited Partner | Jul 2011 | B | ≈ 42.19% – 100% via Blackstone Securities Partners L.P. |
| Blackstone Holdings I L.P. | Limited Partner | Dec 2011 | B | ≈ 31.64% – 100% via Blackstone Group Holdings L.P. |
| Blackstone Holdings I / Ii Gp Llc | General Partner | Dec 2011 | 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.
Estimated effective ownership (look-through of filed bands):
- Blackstone Securities Partners L.P.: 75% – 100% of Blackstone Intermediary Holdco L.L.C. × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Blackstone Group Holdings L.P.: 75% – 100% of Blackstone Securities Partners L.P. × 75% – 100% of Blackstone Intermediary Holdco L.L.C. × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Blackstone Holdings I L.P.: 75% – 100% of Blackstone Group Holdings L.P. × 75% – 100% of Blackstone Securities Partners L.P. × 75% – 100% of Blackstone Intermediary Holdco L.L.C. × 75% – 100% direct ≈ 31.64% – 100% 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 (90, $37.0B gross assets)
Top 25 of 90 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 | 24.3 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
- Merrill Lynch $224M (1% of AUM) Mar 2026
- Bnp Paribas Securities Services Société En Commandite Par Action $49.9M (0% of AUM) Feb 2021
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: Jul 21, 2026.
View current Form ADV (SEC/IAPD) ↗