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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: March 31, 2012
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 May 15, 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: 25
Form 13F Information Table Value Total: $9,784,649
-----------
(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 MARCH 31, 2012
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
--------------- --------------- ----------- ---------- ------------ --- ---- ---------- -------- ----------- ----------- ----
BANKUNITED,
INC. COM 06652K 10 3 $ 343,028 13,721,131 SH SOLE 13,721,131
BEAZER HOMES SHARED-
USA INC COM 07556Q 10 5 $ 4,967 1,528,300 SH OTHER 1 1,528,300
BIOSCRIP, INC. COM 09069N 10 8 $ 2,148 316,327 SH SOLE 316,327
BRANDYWINE RLTY
TR SH BEN INT NEW 105368 20 3 $ 81,636 7,111,112 SH SOLE 7,111,112
BOOZ ALLEN
HAMILTON HLDG
COR CL A 099502 10 6 $ 4,372 256,750 SH SOLE 256,750
CAESARS ENTMT SHARED-
CORP COM 127686 10 3 $ 2,969 201,418 SH OTHER 1 201,418
CROSSTEX ENERGY SHARED-
LP COM 22765U 10 2 $ 17,138 1,002,800 SH OTHER 1 1,002,800
CUMULUS MEDIA
INC. CL A 231082 10 8 $ 11,570 3,315,238(a) SH SOLE 3,315,238
EV ENERGY SHARED-
PARTNERS LP COM UNITS 26926V 10 7 $ 118 169,979 SH OTHER 1 169,979
FREESCALE
SEMICONDUCTOR
HLDG SHS OLD G3727Q 10 1 $3,018,547 196,136,895(b) SH SHARED-
OTHER 196,136,895
FELCOR LODGING SHARED-
TR INC COM 31430F 10 1 $ 11,220 3,116,578 SH OTHER 1 3,116,578
GENERAL GROWTH
PPTYS INC NEW COM 370023 10 3 $ 860,194 50,629,431(c) SH SOLE 50,629,431
HOWARD HUGHES
CORPORATION COM 44267D 10 7 $ 25,597 400,764(d) SH SOLE 400,764
ISTAR FINL SHARED-
INC COM 45031U 10 1 $ 11,318 1,561,050 SH OTHER 1 1,561,050
KOSMOS ENERGY
LTD SHS G5315B 10 7 $1,673,310 126,310,180(e) SH SOLE 126,310,180
LORAL SPACE & SHARED-
COMMUNICATNS I COM 543881 10 6 $ 24,873 312,469 SH OTHER 1 312,469
SHARED-
MBIA INC COM 55262C 10 0 $ 11,585 1,182,135 SH OTHER 1 1,182,135
NIELSEN
HOLDINGS N.V. COM N63218 10 6 $1,531,266 50,805,123(f) SH SOLE 50,805,123
ORBITZ
WORLDWIDE
INC COM 68557K 10 9 $ 167,892 55,046,598(g) SH SOLE 55,046,598
ROUSE PPTYS INC COM 779287 10 1 $ 25,539 1,886,189(h) SH SOLE 1,886,189
SARATOGA RES SHARED-
INC TEX COM NEW 803521 10 3 $ 29,000 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 S&P 500 SHARED-
ETF TR TR UNIT 78462F 10 3 $ 1,408 10,000(i) SH Put OTHER 1 10,000
TEAM HEALTH
HOLDINGS, INC COM 87817A 10 7 $ 730,015 35,506,563 SH SOLE 35,506,563
TRW AUTOMOTIVE
HLDGS CORP COM 87264S 10 6 $ 905,237 19,488,416 SH SOLE 19,488,416
VANGUARD HEALTH
SYS INC COM 922036 20 7 $ 289,702 29,381,564 SH SOLE 29,381,564
(a) 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.
(b) 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 of Freescale Holdings G.P.,
Ltd.
(c) Includes 2,527,013 shares owned by Blackstone GGP Principal Transaction
Partners L.P., a co-investment entity.
(d) Includes 20,004 shares owned by Blackstone GGP Principal Transaction
Partners L.P., a co-investment entity.
(e) 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.
(f) 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.
(g) 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.
(h) Includes 94,143 shares owned by Blackstone GGP Principal Transaction
Partners L.P., a co-investment entity.
(i) Includes two series of SPDR S&P 500 ETF TR put options.