Blackstone announced a commitment to 2,000 refugee hires across its global portfolio companies and at its real estate properties, including 1,500 refugees in the United States alone, by the end of 2025. As part of the announcement, Blackstone is joining Tent, a non-profit network of major companies committed to supporting refugees worldwide. To date, Blackstone’s portfolio companies and real estate properties have hired nearly 500 refugees from around the world, including Afghanistan, Ukraine, El Salvador and Guatemala. Additionally, Blackstone has joined the Welcome.US CEO Council, an effort to accelerate and scale private sector support for refugees from Afghanistan and Ukraine.

With more than 250 portfolio companies and over 12,000 real estate properties, Blackstone has used its power of scale to grow its veteran recruitment initiative, through which more than 100,000 veterans US soldiers, veteran spouses and carers were employed in his portfolio. Blackstone believes this new partnership with Tent will have a positive impact on the lives of those who have fled war, violence, conflict or persecution and have crossed international borders in search of salvation. safe in another country. Blackstone will continue to work with its portfolio companies, third-party asset managers and venture partners to support refugee employment efforts.

“Blackstone’s advantage lies in our deeply integrated approach to building resilient companies and properties, and doing so at scale,”

“Today’s commitment to 2,000 refugee hires across our portfolio reflects the tremendous focus on this effort from our team and allows our portfolio companies and real estate properties to welcome a powerful spectrum of backgrounds, identities and experiences.”

Kathleen McCarthy, Global Co-Head of Blackstone Real Estate and Welcome.US CEO Council Member.

Blackstone intends to work with organizations that specialize in refugee resettlement, including the Tent as well as state and local resettlement agencies, to ensure that everyone is involved in the effort. job seekers for refugees all have the tools and resources needed to hire, promote, and train these new employees.

“At Blackstone, we believe diverse teams make stronger companies. Our unique platform has already supported nearly 500 jobs for refugees globally, bringing valuable talent into our portfolio’s workforces. We are proud to announce this commitment and will work hand in hand with on-the-ground teams at our portfolio companies and properties,”

                                        Stephen A. Schwarzman, Chairman and Chief Executive Officer.

“The American business community is showing incredible leadership, and I am so proud of the companies standing up for refugees today,”

“These companies will benefit from welcoming these hard-working, loyal, and resilient individuals – but my hope is that this is only the beginning. As refugee crises start to fade from the headlines, I hope that companies will recognize that hiring refugees is not only the right thing to do but also the smart thing to do.”

                                                         Hamdi Ulukaya, CEO of Chobani and founder of Tent.

Blackstone’s hiring programs for refugees and veterans are a part of the company’s larger portfolio of hiring programs. Career pathways, a flagship initiative of Blackstone, was created to promote economic mobility and aid ongoing diversity initiatives within Blackstone portfolio firms. The program’s objective is to promote employment opportunities and career mobility for members of diverse and historically underrepresented populations by systematically removing existing hiring barriers. Putting in place programs to support their recruitment and professional growth gives them fulfilling careers and expands, more durable talent pools for businesses around the world.