Blackstone related stories
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Study: Deal fees create ‘invisible’ boost to manager payPortfolio company-related fees like monitoring and transaction fees may increase misalignment of interests, according to a recent study.
- Listed private equity feels the heat
Listed private equity groups suffered sharp declines in their share prices during last week’s severe public market downturn, with some analysts wary about the volatility of the sector.
- Going public and misalignment of interests
During The Blackstone Group’s second quarter earnings call in July, firm president Tony James explained that being a public company does not present any ‘misalignment of interests’ for the firm’s limited partners.
- Blackstone bets big on healthcare
The firm has a history of large healthcare-related investments, including last week’s $3bn take-private of medical payment manager Emdeon, representing the firm’s fourth largest deal since 2007.
- Blackstone backs German wind farm
The firm has secured the backing of nine banks to help fund the €1.2bn project – ‘the first German wind farm to be fully financed by private investors’.
- Blackstone welcomes LP manager concentration
More limited partners want to form ‘strategic relationships’ that are long-term and involve exposure to multiple strategies, co-founder Steve Schwarzman said during an earnings call this week.
- Blackstone snaps up Jack Wolfskin
Blackstone has acquired German outdoor clothing company Jack Wolfskin, the latest in a slew of deals which have come despite retailers struggling due to subdued consumer spending.
- Blackstone urges US to follow its lead
Blackstone’s Q2 earnings in private equity rose as the firm increased job numbers, leading president Tony James to suggest the US economy would be fixed if it had performed similarly.
- It’s spin-out time
LPs are right to be paying attention to the latest wave of new managers attempting to establish themselves, writes Oliver Smiddy.
- LACERS gets late access to Blackstone
The pension has committed up to $20m to Blackstone’s sixth fund, which has been in fundraising for more than two years and is expected to close any day.