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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, 2010
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 17, 2010
---------------------- -------------- ------------
[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: 2
Form 13F Information Table Entry Total: 32
Form 13F Information Table Value Total: $3,484,979 (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 28-12332 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.
FORM 13F INFORMATION TABLE
THE BLACKSTONE GROUP L.P.
FOR QUARTER ENDED MARCH 31, 2010
Voting Authority
Value (x Shrs or prn SH/ Put/ Investment Other ----------------------
Name of Issuer Title of Class CUSIP $1000) amt PRN Call Discretion Managers Sole Shared None
-------------- -------------- ----------- -------- ----------- --- ---- ---------- -------- ---------- ------ ----
ALLIANCE DATA SYSTEMS
CORP COM 018581108 $ 96,406 1,513,677 SH SOLE 1 1,513,677
BEAZER HOMES USA INC COM 07556Q 10 5 $ 9,930 2,187,231 SH SOLE 2 2,187,231
BIOSCRIP INC COM 09069N 10 8 $ 2,527 316,327 SH SOLE 316,327
CHINA DIGITAL TV HLDG
CO LTD SPON ADR 16938G 10 7 $ 704 95,900 SH SOLE 95,900
CHINA PETE & CHEM CORP SPON ADR
H SHS 16941R108 $ 552 6,714 SH SOLE 6,714
COGNIZANT TECHNOLOGY
SOLUTIO CL A 192446102 $ 1,427 28,000 SH SOLE 28,000
DR REDDYS LABS LTD ADR 256135203 $ 1,615 57,200 SH SOLE 57,200
GRAHM PACKAGING
HOLDINGS COMPANY COM 384701 10 8 $505,709 40,295,506 SH SOLE 40,295,506
HOLLYSYS AUTOMATION
TECHNOLO SHS G45667 10 5 $ 255 22,193 SH SOLE 22,193
HSBC HLDGS PLC SPON ADR
NEW 404280406 $ 495 9,775 SH SOLE 9,775
ICICI BK LTD ADR 45104G104 $ 5,051 118,300 SH SOLE 118,300
ISHARES MSCI
TAIWAN 464286731 $ 507 40,375 SH SOLE 40,375
ISHARES RUSSELL
2000 464287 65 5 $ 573 500,000 SH PUT SOLE 2 500,000
LODGIAN INC COM PAR $.01 54021P403 $ 3,370 1,326,909 SH SOLE 1,326,909
LORAL SPACE &
COMMUNICATNS I COM 543881 10 6 $ 1,667 47,468 SH SOLE 2 47,468
NETEASE COM INC SPON ADR 64110W102 $ 584 16,454 SH SOLE 16,454
NEW ORIENTAL ED &
TECH GRP I SPON ADR 647581107 $ 541 6,329 SH SOLE 6,329
Voting Authority
Value (x SH/ Put/ Investment Other -------------------------
Name of Issuer Title of Class CUSIP $1000) Shrs or prn amt PRN Call Discretion Managers Sole Shared None
-------------- -------------- ----------- ---------- --------------- --- ---- ---------- -------- ------------- ------ ----
ORBITZ WORLDWIDE
INC COM 68557K109 $ 391,381 55,046,598 SH SOLE 1 (a) 55,046,598
REPUBLIC SVCS INC COM 760759100 $ 626,129 21,575,772 SH SOLE (b) 21,575,770
SANDRIDGE ENERGY
INC COM 80007P307 $ 8,556 1,111,111 SH SOLE 2 1,111,111
SOHU COM INC COM 83408W103 $ 726 13,305 SH SOLE 13,305
SPDR TR S&P 500 ETF 78462F 10 3 $ 23,400 200,000 SH SOLE 2 200,000
SPDR TR S&P 500 ETF 78462F 10 3 $ 533 1,500,000 SH PUT SOLE 2 1,500,000
SPDR TR S&P 500 ETF 78462F 10 3 $ 1,740 3,000,000 SH PUT SOLE 2 3,000,000
SPDR TR S&P 500 ETF 78462F 10 3 $ 2,285 1,000,000 SH PUT SOLE 2 1,000,000
STANDARD PAC
CORP NEW COM 85375C101 $ 17,281 3,823,200 SH SOLE 2 3,823,200
TATA MTRS LTD SPON ADR 876568 50 2 $ 2,016 109,200 SH SOLE 109,200
TEAM HEALTH
HOLDINGS, INC COM 87817A 10 $ 744,014 44,286,562.51 SH SOLE 44,286,562.51
TRW AUTOMOTIVE
HLDGS CORP COM 87264S106 $1,029,507 36,021,930 SH SOLE 36,021,930
VERSO PAPER CORP COM 92531L 10 8 $ 3,963 1,303,700 SH SOLE 2 1,303,700
VITAMIN SHOPPE
INC COM 92849E 10 1 $ 312 13,882 SH SOLE 13,882
WIPRO LTD- ADR SPN ADR 1
SH 97651M109 $ 1,223 52,900 SH SOLE 52,900
(a) 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.
(b) 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.