Upon further research, I have found that BX is a Limited Partnership, which will introduce all kinds of tax complexities. You will spend half your dividend paying tax accountants to perform complex calculations and fill out forms, lots of forms.
You are right about that. I held BX for a while and made a profit but there are associated tax complexities that the average investor may not want to deal with. There are easier investments (with good yields) to own with less tax hassles IMO.