..............................
OMB APPROVAL
..............................
OMB Number: 3235-0006
Expires: December 31, 2009
Estimated average
burden hours per
response:.............22.6
..............................
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2008
-----------------------
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: Robert L. Friedman
-------------------------------
Title: Authorized Person
-------------------------------
Phone: (212) 583-5000
-------------------------------
Signature, Place, and Date of Signing:
/s/ Robert L. Friedman New York, NY November 14, 2008
------------------------------- ----------------- -----------------
[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: 3
--------------------
Form 13F Information Table Entry Total: 72
--------------------
Form 13F Information Table Value Total: $ 1,516,945
--------------------
(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 28-13113 Blackstone Capital Partners V L.P.
------ ----------------- ----------------------------------
2 28-12319 Blackstone Kailix Advisors L.L.C.
------ ----------------- ----------------------------------
3 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 its two founders, Mr.
Stephen A. Schwarzman and Mr. Peter G. Peterson.
FORM 13F INFORMATION TABLE
THE BLACKSTONE GROUP L.P.
FOR QUARTER ENDED SEPTEMBER 30, 2008
Voting Authority
Value (x Shrs or prn SH/ Investment Other ----------------------
Name of Issuer Title of Class CUSIP $1000) amt PRN Put/Call Discretion Managers Sole Shared None
--------------------- ---------------- --------- ---------- ----------- ---- -------- ---------- -------- ---------- ------ ----
AK STL HLDG CORP COM 001547108 $ 25,920 1,000,000 SH SOLE 2 1,000,000
ALCOA INC (a) COM 013817101 $ 5,645 250,000 SH CALL SOLE 3 250,000
ALPHA NATURAL
RESOURCES INC COM 02076X102 $ 144,004 2,800,000 SH SOLE 2 2,800,000
ALLIANCE DATA
SYSTEMS CORP COM 018581108 $ 155,639 2,455,648 SH SOLE 1 2,455,648
APPLIED MICRO
CIRCUITS CORP COM NEW 03822W406 $ 11,212 1,874,998 SH SOLE 2 1,874,998
BARCLAYS BK PLC IPMS INDIA ETN 06739F291 $ 466 10,300 SH SOLE 10,300
BHP BILLITON LTD SPONSORED ADR 088606108 $ 31,194 600,000 SH SOLE 2 600,000
CALPINE CORP COM NEW 131347304 $ 26,414 2,031,857 SH SOLE 2,031,857
CELANESE CORP DEL COM SER A 150870103 $ 27,974 1,002,303 SH SOLE 2 1,002,303
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 $ 228 4,550 SH SOLE 4,550
CKE RESTAURANTS INC COM 12561E105 $ 544 51,300 SH SOLE 3 51,300
DANA HOLDING CORP COM 235825205 $ 11,931 2,465,122 SH SOLE 2,465,122
DIRECTV GROUP INC COM 25459L106 $ 65,450 2,500,000 SH SOLE 2 2,500,000
EAGLE ROCK ENERGY
PARTNERS L UNIT 26985R104 $ 9,984 948,141 SH SOLE 3 948,141
FBR CAPITAL MARKETS
CORP COM 30247C301 $ 225 34,732 SH SOLE 34,732
FBR CAPITAL MARKETS
CORP COM 30247C301 $ 1,225 189,089 SH SOLE 3 189,089
FIFTH STREET FINANCE
CORP COM 31678A103 $ 2,513 250,000 SH SOLE 2 250,000
Voting Authority
Value (x Shrs or prn SH/ Investment Other ----------------------
Name of Issuer Title of Class CUSIP $1000) amt PRN Put/Call Discretion Managers Sole Shared None
--------------------- ---------------- --------- ---------- ----------- ---- -------- ---------- -------- ---------- ------ ----
FINISAR COM 31787A101 $ 10,100 10,000,000 SH SOLE 2 10,000,000
FOCUS MEDIA HLDG LTD SPONSORED ADR 34415V109 $ 232 8,150 SH SOLE 8,150
GENERAL MLS INC COM 370334104 $ 10,308 150,000 SH SOLE 2 150,000
GEORGIA GULF CORP COM PAR $0.01 373200203 $ 2,545 1,018,091 SH SOLE 3 1,018,091
GOODRICH CORP COM 382388106 $ 10,874 261,392 SH SOLE 2 261,392
HARMAN INTL INDS INC COM 413086109 $ 42,588 1,250,000 SH SOLE 2 1,250,000
HESS CORP COM 42809H107 $ 53,065 646,500 SH SOLE 2 646,500
HDFC BANK LTD ADR REPS 3 SHS 40415F101 $ 467 5,500 SH SOLE 5,500
HONEYWELL INTL INC COM 438516106 $ 20,775 500,000 SH SOLE 2 500,000
HUNTSMAN CORP COM 447011107 $ 3,365 267,035 SH SOLE 267,035
HUNTSMAN CORP COM 447011107 $ 3,465 275,000 SH CALL SOLE 275,000
HUNTSMAN CORP COM 447011107 $ 3,745 297,200 SH SOLE 3 297,200
HUNTSMAN CORP COM 447011107 $ 5,670 450,000 SH CALL SOLE 3 450,000
ISHARES INC MSCI TAIWAN 464286731 $ 257 23,800 SH SOLE 23,800
ISHARES INC MSCI SINGAPORE 464286673 $ 107 11,000 SH SOLE 11,000
ISHARES INC MSCI S KOREA 464286772 $ 103 2,600 SH SOLE 2,600
ISHARES TR FTSE XNHUA IDX 464287184 $ 265 7,700 SH SOLE 7,700
ISHARES TR RUSSELL 2000 464287655 $ 34,000 500,000 SH PUT SOLE 3 500,000
KB HOME COM 48666K109 $ 4,920 250,000 SH SOLE 2 250,000
LEHMAN BROS HLDGS INC COM 524908100 $ 20 92,500 SH SOLE 92,500
LEHMAN BROS HLDGS INC COM 524908100 $ 27 125,000 SH PUT SOLE 125,000
LEHMAN BROS HLDGS INC COM 524908100 $ 27 125,000 SH CALL SOLE 125,000
LEHMAN BROS HLDGS INC COM 524908100 $ 24 113,500 SH SOLE 3 113,500
Voting Authority
Value (x Shrs or prn SH/ Investment Other ----------------------
Name of Issuer Title of Class CUSIP $1000) amt PRN Put/Call Discretion Managers Sole Shared None
--------------------- ---------------- --------- ---------- ----------- ---- -------- ---------- -------- ---------- ------ ----
LEHMAN BROS HLDGS INC COM 524908100 $ 54 250,000 SH PUT SOLE 3 250,000
LEHMAN BROS HLDGS INC COM 524908100 $ 54 250,000 SH CALL SOLE 3 250,000
LENDER PROCESSING
SVCS INC COM 52602E102 $ 7,630 250,000 SH SOLE 2 250,000
LORILLARD INC COM 544147101 $ 106,725 1,500,000 SH SOLE 2 1,500,000
MERRILL LYNCH &
CO INC COM 590188108 $ 44,275 1,750,000 SH SOLE 2 1,750,000
MORGAN STANLEY ASIA
PAC FD I COM 61744U106 $ 365 27,267 SH SOLE 27,267
MORGAN STANLEY
CHINA A SH FD COM 617468103 $ 259 8,950 SH SOLE 8,950
NETEASE COM INC SPONSORED ADR 64110W102 $ 961 42,150 SH SOLE 42,150
NORTHWEST AIRLS CORP COM 667280408 $ 27,090 3,000,000 SH SOLE 2 3,000,000
NRG ENERGY INC COM NEW 629377508 $ 12,375 500,000 SH SOLE 2 500,000
ORBITZ WORLDWIDE INC COM 68557K109 $ 270,145 46,021,327 SH SOLE 1 46,021,327
OSG AMER L P COM UNIT LPI 671028108 $ 4,420 500,000 SH SOLE 2 500,000
PACTIV CORP COM 695257105 $ 12,415 500,000 SH SOLE 2 500,000
PETROCHINA CO LTD SPONSORED ADR 71646E100 $ 366 3,560 SH SOLE 3,560
PRECISION CASTPARTS
CORP COM 740189105 $ 63,024 800,000 SH SOLE 2 800,000
PULTE HOMES INC COM 745867101 $ 4,890 350,000 SH SOLE 2 350,000
ROCKWOOD HLDGS INC COM 774415103 $ 64,150 2,500,000 SH SOLE 2 2,500,000
RYLAND GROUP INC COM 783764103 $ 5,304 200,000 SH SOLE 2 200,000
SANDRIDGE ENERGY INC COM 80007P307 $ 21,778 1,111,111 SH SOLE 3 1,111,111
SPDR TR UNIT SER 1 78462F103 $ 57,995 500,000 SH PUT SOLE 3 500,000
TAIWAN SEMICONDUCTOR
MFG LTD SPONSORED ADR 874039100 $ 171 18,250 SH SOLE 18,250
TIME WARNER CABLE INC CL A 88732J108 $ 399 16,503 SH SOLE 16,503
Voting Authority
Value (x Shrs or prn SH/ Investment Other ----------------------
Name of Issuer Title of Class CUSIP $1000) amt PRN Put/Call Discretion Managers Sole Shared None
--------------------- ---------------- --------- ---------- ----------- ---- -------- ---------- -------- ---------- ------ ----
TOLL BROTHERS INC COM 889478103 $ 5,046 200,000 SH SOLE 2 200,000
TRANS1 INC COM 89385X105 $ 1,236 125,000 SH SOLE 2 125,000
TRANSOCEAN INC NEW SHS G90073100 $ 21,968 200,000 SH SOLE 2 200,000
VIRGIN MOBILE USA INC CL A 92769R108 $ 2,205 750,000 SH SOLE 2 750,000
WACHOVIA CORP NEW COM 929903102 $ 44 12,500 SH SOLE 12,500
WACHOVIA CORP NEW COM 929903102 $ 875 250,000 SH PUT SOLE 250,000
WACHOVIA CORP NEW COM 929903102 $ 122 34,800 SH SOLE 3 34,800
WACHOVIA CORP NEW COM 929903102 $ 1,750 500,000 SH PUT SOLE 3 500,000
WALTER INDS INC COM 93317Q105 $ 47,450 1,000,000 SH SOLE 2 1,000,000
YRC WORLDWIDE INC COM 984249102 $ 3,887 325,000 SH SOLE 2 325,000
(a) Includes two series of ALCOA INC call options.