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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2007
Check here if Amendment [ ]; Amendment Number:
-----------------------
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: The Blackstone Group L.P.
Address: 345 Park Avenue
New York, NY 10154
Form 13F File Number: 28-
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Robert L. Friedman
Title: Authorized Person
Phone: (212) 583-5000
Signature, Place, and Date of Signing:
/s/ Robert L. Friedman New York, NY May 15, 2008
---------------------- ------------- ------------
[Signature] [City, State] [Date]
Report Type (Check only one):
[ ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[X] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported
by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
-------------------- ----
28-12319 Blackstone Kailix Advisors LLC
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 20
Form 13F Information Table Value Total: $2,841,185 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
Number Form 13F File Number Name
------ -------------------- ----
1 28- Blackstone Capital Partners V L.P.
Explanatory Note:
The Blackstone Group L.P. is managed and operated by its general partner,
Blackstone Group Management L.L.C., which is in turn wholly-owned by
Blackstone's senior managing directors and controlled by its two founders, Mr.
Stephen A. Schwarzman and Mr. Peter G. Peterson.
FORM 13F INFORMATION TABLE
THE BLACKSTONE GROUP L.P.
FOR QUARTER ENDED DECEMBER 31, 2007
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Name of Issuer Title of CUSIP Value (x Shrs or prn SH/ Put/Call Investment Other Voting Authority
Class $1000) amt PRN Discretion Managers Sole Shared None
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AbitibiBowater Inc. COM 003687100 $2,366 114,822 SH SOLE X
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Airmedia Group Inc. SPONSORED ADR 009411109 $1,101 49,200 SH SOLE X
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Alliance Data Systems
Corporation COM 018581108 $215,056 2,867,800 SH SOLE 1 X
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Allied Waste
Industries, Inc. COM 019589308 $527,934 47,906,868 SH SOLE X
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Ford Motor Company (a) COM PAR $.01 345370860 $217,265 32,283,000 SH CALL SOLE X
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General Motors
Corporation COM 370442105 $16,646 675,000 SH CALL SOLE X
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Harrah's Entertainment,
Inc. COM 413619107 $78,100 880,000 SH CALL SOLE X
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Harrah's Entertainment,
Inc. COM 413619107 $11,094 125,000 SH SOLE X
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iShares Trust MSCI EMERG MKT 464287234 $210,420 1,400,000 SH PUT SOLE X
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Lear Corporation COM 521865105 $277 10,000 SH CALL SOLE X
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Lodigan, Inc. COM PAR $.01 54021P403 $14,941 1,326,909 SH SOLE X
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MBIA Inc. COM 55262C100 $7,452 400,000 SH CALL SOLE X
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New Oriental Education
and Technology Group
Inc. SPONSORED ADR 647581107 $1,007 12,600 SH SOLE X
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Orbitz Worldwide, Inc. COM 68557K109 $415,756 48,912,526 SH SOLE 1 X
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Transmeridian
Exploration
Incorporated COM 89376N108 $2,725 1,383,400 SH SOLE X
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Name of Issuer Title of CUSIP Value (x Shrs or prn SH/ Put/Call Investment Other Voting Authority
Class $1000) amt PRN Discretion Managers Sole Shared None
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Tribune Company COM 896047107 $138,861 2,902,000 SH CALL SOLE X
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Trico Marine Services,
Inc. NOTE 3.000% 1/1 896106AQ4 $5,419 5,000,000 PRN SOLE X
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TRW Automotive Holdings
Corp. COM 87264S106 $962,660 46,060,285 SH SOLE X
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United Rentals, Inc. COM 911363109 $3,874 211,000 SH SOLE X
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Visteon Corporation COM 92839U107 $8,231 1,875,000 SH CALL SOLE X
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(a) Includes two series of Ford Motor Company call options.