2027 Blackstone Private Equity Associate (San Francisco)

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.

2027 Blackstone Private Equity Associate (San Francisco)

Business Unit Overview:

With $169 billion of assets under management, Blackstone’s corporate private equity business has been a global leader since 1985. We uncover value by identifying great companies and enhancing their performance by providing strategic capital and outstanding management talent. We aim to grow stronger enterprises, create jobs, and enable our portfolio companies to build lasting value for our investors, their employees and all stakeholders.    

Associate Program Overview:

The Associate Program at Blackstone provides a unique opportunity to enhance a comprehensive set of skills that combines the financial acumen of investment banking with the strategic insight of management consulting. Associates engage in the full investment lifecycle, from sourcing and evaluating investments to executing transactions and supporting portfolio companies. With a relatively small team size, associates take on significant responsibilities within deal teams, playing integral roles in the development, structuring, and financing of transactions. They participate in internal meetings, negotiations, and due diligence sessions, gaining hands-on experience and exposure to critical decision-making processes. This immersive environment supports professional growth and provides associates with opportunities to improve essential skills in financial analysis, strategic thinking, and operational insight.

Blackstone Capital Partners (BCP) San Francisco offers Associates a unique opportunity to engage in the acquisition of large-cap and midsized companies across the technology sector.

Key Responsibilities:

• Conduct thorough research to identify and evaluate potential investment opportunities in various sectors.
• Perform comprehensive financial analysis, including valuation and modeling, to assess investment prospects.
• Analyze industry trends and competitive dynamics to inform strategic decision-making.

• Execute detailed business diligence to evaluate target companies, including their operations, financial health, and growth potential.
• Prepare comprehensive due diligence packs that incorporate relevant analytics, market research, and background information.
• Conduct interviews with industry experts and management teams to gather insights and validate investment assumptions.

• Assist in the execution and financing of transactions, ensuring effective coordination among stakeholders.
• Build detailed operating models for prospective investments to project financial outcomes and assess value creation strategies.

• Draft clear and concise investment memoranda for internal and external stakeholders.
• Prepare written summaries and presentation materials to effectively communicate findings and investment theses to the investment committee.

• Support portfolio companies by analyzing performance metrics, identifying opportunities for operational improvements, develop and implement value creation plans for portfolio investments.

• Provide overall support to the investment team, contributing to various projects and initiatives as needed.
• Embrace an apprenticeship-based model, actively learning from and sharing knowledge with team members to foster a collaborative environment.

Qualifications:

• Requires a BA or BSc degree.
• 2+ years of experience in investment banking or private equity.
• Strong understanding of accounting and finance.
• Proficient in financial modeling and analysis.
• Excellent written and verbal communication skills; effectively present complex information clearly.
• Effective interpersonal skills and works collaboratively in a team-oriented environment.
• Manage multiple competing priorities and demonstrate effective time management skills.
• High level of motivation, attention to detail, and a strong desire to learn and grow.

San Francisco Applicants: Blackstone will consider for employment qualified applicants with arrest and conviction records, consistent with the San Francisco Fair Chance Ordinance.  

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.
Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

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.

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).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;

• Marketing Blackstone funds to new or existing clients;

• Supervising or training securities licensed employees;

• Structuring or creating Blackstone funds/products; and

• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.

Please note that we use an AI resume screening tool to help with the initial review of applications. The tool helps us assess candidates based on skills, experience, and qualifications. The tool’s scores are one of the factors we consider when deciding who moves to the next stage of the application process.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.