2026 Blackstone Tactical Opportunities H2 Off Cycle Internship

Blackstone is the world’s largest alternative asset manager. 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 $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.
 

2026 Blackstone Tactical Opportunities Off Cycle Internship

Business Description:       

Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. As part of the strategy, the team leverages the intellectual capital across Blackstone’s various businesses while continuously optimizing its approach in the face of ever-changing market conditions. 

Job Description:

Interns will work closely with the investment team on sourcing, due diligence and executing investment opportunities. This is an opportunity for a highly ambitious and extraordinary candidate who has already developed strong financial, analytical, commercial and research skills through personal investing, academic work, and professional experience.   

Interns will have the opportunity to participate in all aspects of projects and be staffed on a number of assignments at one time. Due to the relatively small size of the professional staff, Interns assume integral roles on deal teams. Interns will have the opportunity to participate in all aspects of the investment process from initiation to close.

Responsibilities will include:

• Industry and thematic research and competitive analysis (including external calls)
• Deep financial analysis, valuation analysis, and modeling of operating cases and financial returns
• Prepare written summaries and presentation materials for the investment team
• Draft internal investment memos and marketing materials
• Assistance around execution of transaction process
• Provide overall support to investment team

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavours. In addition to strong analytical and quantitative skills, the successful candidate should (have):

• Strong verbal and written communication skills
• Proficiency in accounting and finance concepts
• Excellent attention to detail
• A desire to work in a collaborative team environment with dynamic roles and willingness to contribute to a positive culture
• Firm commitment to personal and professional development
• Intellectual curiosity

The Principles that Matter Most:

• Accountability
• Excellence
• Integrity
• Team Work
• Entrepreneurship

Everything we do is guided by these principles, which define our character and culture; they have been at the core of Blackstone since its inception. These enduring qualities are the shared convictions that we bring to our professional and personal conduct. They are a fundamental strength of our business.

Requirements:

To be considered for the 2026 Off-Cycle Intern position, applicants must meet the following criteria:

• Currently enrolled as an undergraduate or masters student or having just graduated
• CV must include expected graduation month/year and grade and should be in PDF format
• Must be able to start between September/October 2026 and be available for up to six months

Application Process:

Submit application Complete Pymetrics online gaming and video interview Interviews Superday Offer

Please note: This is a sample recruitment process times and stages may vary between business areas and regions.

• Applications are reviewed on an ongoing basis

If you do not meet these criteria, please see Blackstone’s Careers website for other opportunities that may be available, including other entry level positions.

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;

• Marketing Blackstone funds to new or existing clients;

• Supervising or training securities licensed employees;

• Structuring or creating Blackstone funds/products; and

• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.