Alternative investment manager Blackstone announced today a new commitment to hire 2,000 refugees across its global portfolio companies and real estate properties by 2025, including 1,500 refugees in the U.S.
The company also said that it has joined Tent, a non-profit network of major companies committed to supporting refugees worldwide, and the Welcome.US CEO Council, a private sector initiative aimed at supporting Afghan and Ukrainian refugees.
Kathleen McCarthy, Global Co-Head of Blackstone Real Estate and Welcome.US CEO Council Member, said:
“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 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.”
As part of its new initiative, Blackstone stated that it will partner with its portfolio companies, third-party property managers and joint venture partners to support refugee hiring efforts, and that it will work with refugee resettlement organizations, including Tent, as well as national and local resettlement agencies to ensure that participants in the hiring efforts have the tools and resources necessary to hire, promote and train the new employees.
To date, Blackstone’s portfolio companies and real estate properties have already hired nearly 500 refugees from areas including Afghanistan, Ukraine, El Salvador and Guatemala.
Blackstone said that its partnership with Tent builds on the company’s Veterans Hiring Initiative, which has seen over 100,000 U.S. veterans, veteran spouses and caregivers hired across its portfolio.
Stephen A. Schwarzman, Chairman and Chief Executive Officer, said:
“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.”