Defendant Name: Blackstone Management Partners L.L.C.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Blackstone Inc.
SIC Code: 6282
CUSIP: 09260D10

Initial Case Details

Legal Case Name In the Matter of Blackstone Alternative Credit Advisors LP, Blackstone Management Partners L.L.C., and Blackstone Real Estate Advisors L.P.
First Document Date 13-Jan-2025
Initial Filing Format Administrative Action
File Number 3-22399
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Other
• Failure to supervise under Section 203(e)(6) Advisers Act

Resolutions

First Resolution Date 13-Jan-2025
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

IA-6812 13-Jan-2025 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On January 13, 2025, the SEC instituted settled administrative and cease-and-desist proceedings against Blackstone Management Partners L.L.C., stating: "These proceedings arise out of the failure of Respondents' personnel, including at senior levels, to adhere to certain of these essential requirements and Respondents' policies and procedures. Using their personal and/or firm-issued devices ("Mobile Devices"), these personnel communicated both internally and externally by text messages and/or other unapproved written communications platforms ("off-channel communications")."
2025-6_3-22399 13-Jan-2025 Press Release--Administrative Proceeding
Twelve Firms to Pay More Than $63 Million Combined to Settle SEC's Charges for Recordkeeping Failures; One Firm Received Credit for Self-Reporting and Will Pay a Reduced Civil Penalty
On January 13, 2025, the SEC "announced charges against nine investment advisers and three broker-dealers for failures by the firms and their personnel to maintain and preserve electronic communications, in violation of recordkeeping provisions of the federal securities laws."

Other Defendants in Action:

Blackstone Alternative Credit Advisors LP
Blackstone Real Estate Advisors L.P.