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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2011
Check here if Amendment [_]; Amendment Number:
--------------------
This Amendment (Check only one.): [_] is a restatement.
[_] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: The Blackstone Group L.P.
Address: 345 Park Avenue
New York, NY 10154
Form 13F File Number: 28-13114
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: John G. Finley
Title: Authorized Person
Phone: (212) 583-5000
Signature, Place, and Date of Signing:
/s/ John G. Finley New York, NY February 14, 2012
---------------------------- ------------------ ---------------------
[Signature] [City, State] [Date]
Report Type (Check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[_] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 32
Form 13F Information Table Value Total: $9,729,155
-----------
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
Number Form 13F File Number Name
------ -------------------- ----
1 28-12332 GSO Capital Partners LP
Explanatory Note:
The Blackstone Group L.P. is managed and operated by its general partner,
Blackstone Group Management L.L.C., which is in turn wholly-owned by
Blackstone's senior managing directors and controlled by Mr. Stephen A.
Schwarzman, one of its founders.
FORM 13F INFORMATION TABLE
THE BLACKSTONE GROUP L.P.
FOR THE QUARTER ENDED DECEMBER 31, 2011
VOTING AUTHORITY
VALUE SHRS OR SH/ PUT/ INV. OTHER -------------------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----------------- ------- --------- ------------ --- ---- ---------- -------- ----------- ----------- ----
SHARED-
AMR CORP COM 001765 10 6 $ 4 12,300(a) SH Call OTHER 1 12,300
BANKUNITED,
INC. COM 06652K 10 3 $ 301,728 13,721,131 SH SOLE 13,721,131
BEAZER HOMES SHARED-
USA INC COM 07556Q 10 5 $ 9,672 3,900,000 SH OTHER 1 3,900,000
BEAZER HOMES SHARED-
USA INC COM 07556Q 10 5 $ 47 19,041(b) SH Call OTHER 1 19,041
BIOSCRIP, INC. COM 09069N 10 8 $ 1,728 316,394 SH SOLE 316,394
BRANDYWINE RLTY
TR SH BEN INT NEW 105368 20 3 $ 67,556 7,111,112 SH SOLE 7,111,112
BOOZ ALLEN
HAMILTON HLDG
COR CL A 099502 10 6 $ 4,429 256,750 SH SOLE 256,750
CEMEX SA EURO SHARED-
MTN BE DEBT DEBT 3.250% 3/1 P2253T HV 4 $ 5,250 8,000,000 PRN OTHER 1 8,000,000
CEMEX SA EURO SHARED-
MTN BEDEBT DEBT 3.750% 3/1 P2253T HW 2 $ 6,865 10,500,000 PRN OTHER 1 10,500,000
CROSSTEX ENERGY SHARED-
LP COM 22765U 10 2 $ 16,265 1,002,800 SH OTHER 1 1,002,800
CUMULUS MEDIA
INC. CL A 231082 10 8 $ 11,073 3,315,238(c) SH SOLE 3,315,238
FREESCALE
SEMICONDUCTOR
HOLDINGS I,
LTD SHS OLD G3727Q 10 1 $2,601,744 205,671,482(d) SH SOLE 205,671,482
GENERAL GROWTH
PPTYS INC NEW COM 370023 103 $ 755,293 50,285,820(e) SH SOLE 50,285,820
GENERAL MOTORS SHARED-
CO COM 37045V 10 0 $ 101 5,000 SH OTHER 1 5,000
HOWARD HUGHES
CORPORATION COM 44267D 107 $ 17,702 400,764(f) SH SOLE 400,764
SHARED-
ISHARES TR RUSSELL 2000 464287 65 5 $ 369 5,000 SH Put OTHER 1 5,000
KOSMOS ENERGY
LTD SHS G5315B 10 7 $1,548,563 126,310,180(g) SH SOLE 126,310,180
LORAL SPACE & SHARED-
COMMUNICATNS I COM 543881 10 6 $ 26,701 411,537 SH OTHER 1 411,537
SHARED-
MBIA INC COM 55262C 10 0 $ 23,127 1,995,435 SH OTHER 1 1,995,435
MGIC INVT CORP SHARED-
WIS 5.000% 5/0 552848 AD 5 $ 727,500 12,000,000 PRN OTHER 1 12,000,000
NIELSEN
HOLDINGS N.V. COM N63218 10 6 $1,635,781 55,095,361(h) SH SOLE 55,095,361
ORBITZ
WORLDWIDE
INC COM 68557K 10 9 $ 206,975 55,046,598 SH SOLE 55,046,598(i)
SHARED-
PULTE GROUP INC COM 745867 10 1 $ 9,465 1,500,000 SH OTHER 1 1,500,000
SHARED-
PULTE GROUP INC COM 745867 10 1 $ 402 63,654(j) SH Call OTHER 1 63,654
SARATOGA RES SHARED-
INC TEX COM NEW 803521 10 3 $ 29,200 4,000,000 SH OTHER 1 4,000,000
VOTING AUTHORITY
VALUE SHRS OR SH/ PUT/ INV. OTHER -------------------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000S) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- --------------- ----------- ---------- ------------ --- ---- ---------- -------- ----------- ----------- ----
SPDR SERIES SHARED-
TRUST S&P HOMEBUILD 78464A 88 8 $ 428 25,000 SH Call OTHER 1 25,000
STANDARD PAC SHARED-
CORP NEW COM 85375C 10 1 $ 934 293,816 SH OTHER 1 293,816
STANDARD PAC SHARED-
CORP NEW COM 85375C 10 1 $ 6 2,032(k) SH Call OTHER 1 2,032
TEAM HEALTH
HOLDINGS, INC COM 87817A 10 7 $ 783,630 35,506,563 SH SOLE 35,506,563
TRW AUTOMOTIVE
HLDGS CORP COM 87264S 10 6 $ 635,322 19,488,416 SH SOLE 19,488,416
SHARED-
US CONCRETE INC COM NEW 90333L 20 1 $ 1,015 350,094 SH OTHER 1 350,094
VANGUARD HEALTH
SYS INC COM 922036 20 7 $ 300,280 29,381,564 SH SOLE 29,381,564
(a) Includes two series of AMR CORP call options.
(b) Includes two series of BEAZER HOMES USA INC call options.
(c) These shares are not under the investment discretion of The Blackstone Group
L.P. but are under the investment discretion of certain funds of which Mr.
Stephen A. Schwarzman is a controlling person.
(d) Represents shares held by Freescale LP. Certain funds affiliated with The
Blackstone Group L.P. hold 3,395,055 Class A limited partnership interests in
Freescale LP, representing 48.02% of the total Class A limited partnership
interests outstanding. Certain funds affiliated with The Blackstone Group L.P.
also hold 250 shares of Freescale Holdings G.P., Ltd., the general partner of
Freescale LP, representing 25% of the total shares outstanding.
(e) Includes 2,492,751 shares owned by Blackstone GGP Principal Transaction
Partners L.P., a co-investment entity.
(f) Includes 20,004 shares owned by Blackstone GGP Principal Transaction
Partners L.P., a co-investment entity.
(g) Includes 2,591,243 shares that are not under the investment discretion of
The Blackstone Group L.P. but are under the investment discretion of Blackstone
Family GP L.L.C., of which Mr. Stephen A. Schwarzman is a controlling person.
(h) Represents the proportionate interest in 270,746,445 shares held by Valcon
Acquisition Holding (Luxembourg) S.a.r.l. ("Luxco") attributable to ownership
interests in Luxco of certain funds affiliated with The Blackstone Group L.P.,
including 1,834,613 shares that are not under the investment discretion of The
Blackstone Group L.P. but instead are under the investment discretion of
Blackstone Family GP L.L.C., of which Mr. Stephen A. Schwarzman is a controlling
person.
(i) The Blackstone Group L.P. does not have voting authority over these shares.
Such voting authority is instead held by Blackstone LR Associates (Cayman) V
Ltd., of which Mr. Stephen A. Schwarzman is a controlling person.
(j) Includes three series of PULTE GROUP INC call options.
(k) Includes two series of STANDARD PAC CORP NEW call options.