Blackstone related stories
All articles and analysis
New York commits $200m to OaktreeNew York State Common Retirement Fund made a re-up commitment to Howard Marks-led Oaktree Capital Management’s Opportunities Fund VIII.
- Schwarzman: Endowments are out of PE
Blackstone’s chief Steve Schwarzman said endowments are 'out of business' in terms of committing to private equity.
- Moody’s: PE sponsors ‘cheating death’
Firms have achieved higher recoveries and maintained control over defaulted portfolio companies through distressed debt exchanges, according to a new report.
- JC Flowers acquires US bank
The acquisition of Saddle River Valley Bank by JC Flowers follows the revelation Blackstone is planning to acquire small banks around the US.
- Blackstone aims for December close
The firm is waiting for a few last limited partners to finalise commitments to its sixth buyout fund, which is expected to close on roughly $13.5bn before the end of the year.
- Oregon slashes re-up to Centerbridge by $100m
The $65bn pension system will look for key term changes during final negotiations, including cutting management fees and setting a ‘reasonable cap on organisation costs of the fund’.
- Blackstone to target small US banks
An IPO of BankUnited would create a platform for Blackstone to buy smaller banks in the US, the firm’s president Tony James said during an earnings call.
- New York commits $360m across three funds
Blackstone’s sixth buyout fund garnered a $300m commitment from the pension giant.
- Hands' lawyer: Citi banker has loose lips
In an effort to discredit Citi banker David Wormsley, Terra Firma attorney David Boies attacked him for allegedly disclosing ‘confidential’ information in the past.
- CalPERS considers $175m to Wellspring
Wellspring Capital Partners’ fifth buyout fund is targeting $1.3bn for US mid-market investments and is expected to close this month.