BXMA - Total Portfolio Management: Private Investments, Vice President

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 onprivate 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 . Follow @blackstone onLinkedIn,X, andInstagram.Business Unit Overview: Blackstone Multi-Asset Investing (BXMA) manages $101 billion across a diversified set of businesses. We strive to generate attractive risk-adjusted returns for our clients across market cycles. Our strategies include Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.BXMA’s Total Portfolio Management business manages total portfolios on behalf of select clients (families and institutions). The portfolios are customized to client-specific objectives and aim to outperform traditional portfolios by embracing a long-term time horizon, flexible asset allocation, and robust portfolio construction. Total Portfolio Management’s open architecture approach combines external investments, private market strategies, direct investing and the Blackstone ecosystem.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 for this role include:1. Fund Diligence & EvaluationLead end‑to‑end diligence on private equity, venture capital and growth equity fund opportunitiesConduct detailed analysis of:GP organization, investment team, incentives, and governanceTrack record attribution at both fund and deal levelPortfolio construction, underwriting discipline, and risk managementFund terms, economics, alignment, and structural considerationsDevelop clear investment perspectives and recommendations grounded in data and qualitative diligenceComprehensive and detailed market mapping of sponsors and deals for competitive analysis and opportunity identification2. Reference & Background Work Take responsibility for diligence, including:Limited partnersPortfolio company executives and foundersFormer partners, employees, and industry contactsSynthesize reference insights into decision‑oriented conclusions for senior investment professionals and ICs3.Co‑Investments & Direct InvestmentsEvaluate co‑investment and direct investment opportunities alongside external managersPerform company‑level diligence, including:Business model assessment and competitive positioningGrowth drivers, unit economics, and scalabilityDownside risks, exit scenarios, and return sensitivitiesSupport transaction execution, internal approvals, and post‑investment monitoring4.Investment Committee Materials & ProcessOwn preparation of investment committee memoranda, exhibits, and supporting analysesEnsure materials meet Blackstone standards for clarity, rigor, and concisionPresent analyses and recommendations to senior investment professionals and investment committees5. Portfolio Monitoring Monitor existing fund and direct investmentsReview quarterly reports, valuations, capital activity, and GP communicationsIdentify emerging risks, performance issues, and follow‑on considerationsContribute to portfolio reviews and strategic discussions across BXMAQualifications:Blackstone seeks to hire individuals who are highly motivated, intelligent, have sound professional judgment, and have demonstrated excellence in prior endeavors. In addition to strong analytical and time management skills, the successful candidate must meet the following qualifications:6+ years of relevant experience, including:Allocator experience at family office, endowment, foundation, pension, fund of fundsBuy‑side investing (VC, growth equity, private equity, or fund‑of‑funds)Investment banking or consulting experienceDemonstrated experience leading investment diligence and IC processesStrong understanding of private equity, venture and growth equity fund structures, economics, and return driversExperience with co‑investments and/or direct investing preferredMBA and/or CFA a plus, but not requiredExceptional analytical and problem‑solving skillsStrong written and verbal communication, and experience distilling complex analysis for senior audiencesExperience managing multiple workstreams under tight timelines, in a dynamic environmentRelationship‑oriented mindset; network a plus with expectation to continue building over timeOwns IC materials end‑to‑endLeads project and deal execution across funds and co‑investments with limited oversightTrusted to represent BXMA with external managers and counterpartiesThe 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:$185,000 - $200,000Actual 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 and benefits offered in connection with the roleconsist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.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 (US), +44 (0) (EMEA) or (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; andAdvising 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.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.SummaryLocation: New YorkType: Full time