Blackstone paid its London partners nearly $5m, and its regulars nearly $450k
Blackstone is the largest private equity firm in the world. And it’s only getting bigger, and paying better – in London, at least.
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Results were released last month for Blackstone Europe LLP, the firm’s main UK-based subsidiary, covering the year ending 31 March 2025. Revenue was up by 15%, and operating profit was up by 28%. But the happiest bunnies at Blackstone are, without a doubt, its members.
A “member”, in UK legal jargon, is a partner in a partnership. Blackstone has plenty of them - across the period, it had 69 of them, slightly down on the 72 it had previously.
Those partners were paid an average of $2.5m in remuneration for the year, and were additionally entitled to another $2.4m in company profits. Average pay was therefore in the ballpark of $4.9m for the firm’s UK-based partners, up 16% from the $4.2m they received in the previous period.
The firm’s regular employees, which include both “sales and services” and “administration” people, earned a bit less than that - $442k per head, on average, up from $394k per head the period before. Their number also increased from 522 to 548.
Blackstone’s growth in London is likely to continue for many years to come. The firm announced its intent to build a new London headquarters back in 2022, construction of which began in 2024. It won’t be finished until 2028, but the firm says that it will be able to host 1,800 seats – a significant increase on its current headcount.
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