173 independent partnerships

1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement May 5, 2026 by Tony James · across every show →

Everything said about 173 independent partnerships, oldest first

May 5, 2026
Assertion Partly supported
Pre-IPO Blackstone was structured as 173 independent partnerships
“Blackstone wasn't a firm. It was a 173 independent partnerships, all with different percentage ownerships. Every fund had a different percentage ownership than every other fund.”
Tony James May 5, 2026 ▶ 54:19 Building Blackstone, Backing Costco, and Working with Munger | Tony James on The a16z Show
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,000 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.