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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, 2009
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 May 15, 2009
--------------------------------- ----------------------- ------------------
[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: 24
Form 13F Information Table Value Total: $831,089 (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 Notes:
(1) 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.
(2) Blackstone Kailix Advisors L.L.C. had no reportable positions in Section
13(f) securities as of March 31, 2009.
FORM 13F INFORMATION TABLE
THE BLACKSTONE GROUP L.P.
FOR QUARTER ENDED MARCH 31, 2009
Voting authority
Name of Title of Value Shrs or SH/ Put/ Investment Other ------------------------
Issuer Class CUSIP (x$1000) prn amt PRN Call Discretion Managers Sole Shared None
----------------------- ------------ --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ----
ALLIANCE DATA SYSTEMS
CORP COM 018581108 $105,965 2,867,800 SH SOLE 1 2,867,800
BARCLAYS BK PLC IPMS INDIA
ETN 06739F291 $ 783 25,800 SH SOLE 25,800
CALPINE CORP COM NEW 131347304 $ 8,219 1,206,917 SH SOLE 1,206,917
CALPINE CORP COM NEW 131347304 $ 2,677 393,102 SH SOLE 3 393,102
CENTENNIAL COMMUNCTNS
CORP N CL A NEW 15133V208 $ 13,236 1,602,432 SH SOLE (a) 1,602,432
CHINA PETE & CHEM CORP SPON ADR H
SHS 16941R108 $ 400 6,229 SH SOLE 6,229
CLEAR CHANNEL OUTDOOR
HLDGS CL A 18451C109 $ 2,286 622,900 SH SOLE 3 622,900
COGNIZANT TECHNOLOGY
SOLUTIO CL A 192446102 $ 3,570 171,700 SH SOLE 171,700
DYNEGY INC DEL CL A 26817G102 $ 348 247,000 SH SOLE 3 247,000
EAGLE ROCK ENERGY
PARTNERS L UNIT 26985R104 $ 4,854 948,141 SH SOLE 3 948,141
FREEPORT-MCMORAN COPPER
& GO COM 35671D857 $ 303 7,950 SH SOLE 7,950
HOSPITALITY PPTYS TR NOTE 3.800%
3/1 44106MAK8 $ 4,043 5,500,000 PRN SOLE 5,500,000
ISHARES INC MSCI TAIWAN 464286731 $ 197 24,400 SH SOLE 24,400
LODGIAN INC COM PAR $.01 54021P403 $ 2,787 1,326,909 SH SOLE 1,326,909
NETEASE COM INC SPONSORED
ADR 64110W102 $ 1,002 37,300 SH SOLE 37,300
NEW ORIENTAL ED & TECH
GRP I SPON ADR 647581107 $ 358 7,129 SH SOLE 7,129
Voting authority
Name of Title of Value Shrs or SH/ Put/ Investment Other ------------------------
Issuer Class CUSIP (x$1000) prn amt PRN Call Discretion Managers Sole Shared None
----------------------- ------------ --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ----
ORBITZ WORLDWIDE INC COM 68557K109 $ 59,368 46,021,327 SH SOLE 1 (b) 46,021,327
REPUBLIC SVCS INC COM 760759100 $370,024 21,575,772 SH SOLE (c) 21,575,772
SANDRIDGE ENERGY INC COM 80007P307 $ 7,322 1,111,111 SH SOLE 3 1,111,111
SOHU COM INC COM 83408W103 $ 327 7,905 SH SOLE 7,905
SPDR GOLD TRUST GOLD SHS 78463V107 $ 54,168 600,000 SH PUT SOLE 3 600,000
SPDR TR UNIT SER 1 78462F103 $ 39,760 500,000 SH PUT SOLE 3 500,000
STANDARD PAC CORP NEW COM 85375C101 $ 778 884,000 SH SOLE 3 884,000
TRW AUTOMOTIVE HLDGS
CORP COM 87264S106 $148,314 46,060,285 SH SOLE 46,060,285
(a) The Centennial Communications Corp. shares reported herein are not under
the investment discretion of The Blackstone Group L.P. but are under the
investment discretion of Mr. Stephen A. Schwarzman.
(b) The Orbitz Worldwide, Inc. shares reported herein are not under the
investment discretion of The Blackstone Group L.P. but are under the
investment discretion of Blackstone LR Associates (Cayman) V Ltd., of which
Mr. Stephen A. Schwarzman is a controlling person.
(c) The Republic Services, Inc. shares reported herein are not under the
investment discretion of The Blackstone Group L.P. but are under the
investment discretion of Mr. Stephen A. Schwarzman.