Blackstone related stories
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Blackstone and Goldman top PE rankingsThe Blackstone Group topped preliminary rankings for private equity activity this year based on the total value of deals done, while Goldman Sachs booked the most revenue from buyout advisory work.
- Maine gets $30m access to KKR
The $10bn pension system, which only started investing in private equity in 2008, has added some of the biggest names in the asset class to its portfolio, including KKR, Blackstone, Carlyle and Hellman & Friedman.
- CalPERS increases commitments in 2011
After two years of significantly lower commitment levels to alternative investments, the pensions system ramped up its commitment pace this year to about $1.8bn as of 30 September, and has chosen managers like Blackstone, GSO and Oaktree.
- Large LPs want a special relationship
Separate accounts are all the rage, for good reasons.
- NJ: ‘Strategic relationships’ are the future of private equity
A 1% management fee on invested capital was one of several choice economic terms that New Jersey's alternatives chief Christine Pastore helped build into customised funds managed by Blackstone.
- New Jersey forms $1.8bn partnership with Blackstone
The $66bn pension projects saving $120m in fees over the life of the partnership, in which the system will allocate capital to traditional Blackstone funds and customised accounts with ‘1% and 15%’ term structures.
- Turkey meets New York private equity
Turkey meets New York private equity 2011-12-01 Philip Borel Not long ago the Investment Support and Promotion Agency of Turkey (ISPAT) approached PEI with an unusual request. Recep Tayyip Erdogan, the Turkish prime minister, would visit New York for the 66th General Assembly of the United Nations in Septemb
- Carlyle invests in LP-friendly reporting technology
The firm, along with Duff & Phelps, has led a second financing round for iLevel Solutions, a company that spun out of The Blackstone Group that makes private equity reporting technology to replace outdated manual processes.
- Augusta Columbia hires Citigroup executive
The Chip Schorr-led firm has brought on former colleague Michael Stephenson from Citigroup Japan to focus on software and services investments from the firm’s New York office.
- The long and winding road: Citi completes EMI sale
Citigroup has completed its two-part disposal of iconic music publisher EMI, home to the Beatles, after selling its recorded music and publishing units for a combined £2.6bn.