Blackstone Multi-Asset Advisors (BMAA) provides investment advisory services to pooled investment vehicles and managed accounts. BMAA manages the investment program for these funds, making investment allocation decisions. BMAA invests in various asset classes, primarily through other Blackstone investment vehicles and third-party managed funds. BMAA also provides administrative services to side-by-side investment vehicles.
BMAA does not directly manage investments for individual investors. It advises pooled investment vehicles and managed accounts. Therefore, there are no investment management fees applicable to individual clients.