Largest global alternative asset manager joins global consortium focused on ending financial short-termism.
Largest global alternative asset manager joins global consortium focused on ending financial short-termism.
Boston, MA, 5 November 2020 – FCLTGlobal, the non-profit organization that develops research that encourages long-term business and investing, has welcomed Blackstone as its latest member. Blackstone, one of the world’s leading investment firms, joins 50 other FCLTGlobal members in a shared mission to promote sustainable strategies across the investment value chain.
FCLTGlobal’s member base is comprised of leading asset managers, asset owners, corporations and professional services firms who share a firm belief in the importance of long-term thinking in investment and business decisions. Member organizations actively contribute to FCLTGlobal’s research initiatives, participate in exclusive professional programming, and provide funding for FCLTGlobal’s operations.
“Blackstone’s track record of creating long-term value and positive economic impact make them an ideal partner for our organization,” said Sarah Keohane Williamson, FCLTGlobal’s CEO. “We’re thrilled to welcome Blackstone into the fold and are eager to collaborate with them on key topics on our ambitious research agenda.”
Blackstone is a leading global investment business investing capital on behalf of pension funds, large institutions and individuals. Its asset management businesses, with $564 billion in assets under management as of June 30, 2020, include investment vehicles focused on private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, infrastructure, and secondary funds, all on a global basis. It is headquartered in New York with offices worldwide.
“We are excited to be joining FCLTGlobal as a member. For years we have admired their work promoting long-term, sustainable investment and we are looking forward to being a part of this vibrant community,” said Jon Gray, President and COO of Blackstone.
FCLTGlobal was founded in 2013 as Focusing Capital on the Long Term, a joint initiative of CPP Investments and McKinsey & Company. In July 2016, CPP Investments and McKinsey partnered with BlackRock, Dow, and Tata Sons to found FCLTGlobal as an independent non-profit. Since that time, the organization has recruited 51 global companies and investors to advocate for a more widespread long-term approach to business and investment decision-making. A full list of FCLTGlobal members can be found here.
FCLTGlobal is a non-profit organization that develops research and tools that encourage long-term business and investing. At the heart of our work are our Members – leading global asset owners, asset managers, and companies that demonstrate a clear priority on long-term investment strategies in their own work. We conduct research through a collaborative process that brings together the entire global investment value chain, emphasizing the initiatives that market participants can take to make a sustainable financial future a reality for all. Please visit www.fcltglobal.org for more information.
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with $564 billion in assets under management as of June 30, 2020, include investment vehicles focused on private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.
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