------------------------ OMB APPROVAL ------------------------ OMB Number: 3235-0006 Expires: August 31, 2012 Estimated average burden hours per response: 23.5 ------------------------ 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, 2009 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: 28-13114 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 February 16, 2010 ------------------------------- ------------- ----------------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 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).) [_] 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).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 2 Form 13F Information Table Entry Total: 29 Form 13F Information Table Value Total: $3,238,197 (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 28-13113 Blackstone Capital Partners V L.P. 2 28-12332 GSO Capital Partners LP Explanatory Notes: (1) 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 Mr. Stephen A. Schwarzman, one of its founders. FORM 13F INFORMATION TABLE THE BLACKSTONE GROUP L.P. FOR QUARTER ENDED DECEMBER 31, 2009 Voting Authority Value Shrs or SH/ Put/ Investment Other ------------------------- Name of Issuer Title of Class CUSIP (x $1000) prn amt PRN Call Discretion Managers Sole Shared None ---------------------- ---------------- --------- ---------- ---------- ---- ---- ---------- -------- ----------- ------ ---- ALLIANCE DATA SYSTEMS CORP COM 018581108 $ 97,768 1,513,677 SH SOLE 1 1,513,677 BARCLAYS BK PLC IPMS INDIA ETN 06739F291 $ 12,607 196,800 SH SOLE 196,800 CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 $ 591 6,714 SH SOLE 6,714 COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 $ 2,543 56,100 SH SOLE 56,100 DIGITALGLOBE INC COM NEW 25389M877 $ 4,840 200,000 SH SOLE 2 200,000 DR REDDYS LABS LTD ADR 256135203 $ 1,385 57,200 SH SOLE 57,200 FREEPORT-MCMORAN COPPER & GO COM 35671D857 $ 533 6,640 SH SOLE 6,640 HSBC HLDGS PLC SPON ADR NEW 404280406 $ 558 9,775 SH SOLE 9,775 ICICI BK LTD ADR 45104G104 $ 6,433 170,600 SH SOLE 170,600 INFOSYS TECHNOLOGIES LTD Sponsored ADR 456788108 $ 1,249 22,600 SH SOLE 22,600 ISHARES INC MSCI TAIWAN 464286731 $ 524 40,375 SH SOLE 40,375 ISTAR FINL INC COM 45031U101 $ 4,579 1,788,734 SH SOLE 2 1,788,734 LODGIAN INC COM PAR $.01 54021P403 $ 1,964 1,326,909 SH SOLE 1,326,909 NETEASE COM INC SPONSORED ADR 64110W102 $ 1,238 32,910 SH SOLE 32,910 NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 $ 479 6,329 SH SOLE 6,329 ORBITZ WORLDWIDE INC COM 68557K109 $ 337,797 46,021,327 SH SOLE 1(a) 46,021,327 REPUBLIC SVCS INC COM 760759100 $ 573,268 21,575,772 SH SOLE (b) 21,575,772 SANDRIDGE ENERGY INC COM 80007P307 $ 10,478 1,111,111 SH SOLE 2 1,111,111 Voting Authority Value Shrs or SH/ Put/ Investment Other ------------------------- Name of Issuer Title of Class CUSIP (x $1000) prn amt PRN Call Discretion Managers Sole Shared None ---------------------- ---------------- --------- ---------- ---------- ---- ---- ---------- -------- ----------- ------ ---- SOHU COM INC COM 83408W103 $ 453 7,905 SH SOLE 7,905 SPDR TR UNIT SER 1 78462F103 $ 72,436 650,000 SH SOLE 2 650,000 SPDR TR UNIT SER 1 78462F103 $ 958,384 8,600,000 SH PUT SOLE 2 8,600,000 STANDARD PAC CORP Note 6.000% 10/0 853763AA8 $ 4,625 5,000,000 PRN SOLE 2 5,000,000 STANDARD PAC CORP NEW COM 85375C101 $ 11,559 3,090,567 SH SOLE 2 3,090,567 STANDARD PARKING CORP COM 853790103 $ 9,211(c) 580,032(c) SH SOLE 2 580,032(c) STERLITE INDS INDIA LTD ADS 859737207 $ 2,602 142,800 SH SOLE 142,800 TRW AUTOMOTIVE HLDGS CORP COM 87264S106 $1,099,919 46,060,285 SH SOLE 46,060,285 VITAMIN SHOPPE INC COM 92849E101 $ 309 13,884 SH SOLE 13,884 WIPRO LTD- ADR SPN ADR 1 SH 97651M109 $ 1,178 52,900 SH SOLE 52,900 WISDOMTREE TRUST INDIA ERNGS FD 97717W422 $ 18,687 846,700 SH SOLE 846,700 (a) The Orbitz Worldwide, Inc. shares reported herein are not under the investment discretion of The Blackstone Group L.P. but are under the investment discretion of Blackstone LR Associates (Cayman) V Ltd., of which Mr. Stephen A. Schwarzman is a controlling person. (b) The Republic Services, Inc. shares reported herein are not under the investment discretion of The Blackstone Group L.P. but are under the investment discretion of Mr. Stephen A. Schwarzman. (c) As described in a Statement on Schedule 13D filed with the Securities and Exchange Commission on May 26, 2009 (the "Standard Parking Schedule 13D"), the Standard Parking Corporation shares reported herein were obtained by the Lenders (as defined in the Standard Parking Schedule 13D) in satisfaction of certain loan obligations, and the Lenders are required to dispose of such shares and any cash proceeds received upon disposition of such shares as set forth in the Standard Parking Schedule 13D.