Blackstone related stories
All articles and analysis
Blackstone in $780m building materials dealIn its second US private equity deal this year, the mega-firm will back Summit Materials alongside Silverhawk Capital and former BHP Billiton CEO Charles ‘Chip’ Goodyear.
- Schwarzman stands up for placement agents
Blackstone’s chairman has told the SEC a firm like his would never have reached its level of success, which directly benefits pensioners, without placement agents.
- LMS lures former Blackstone UK chairman
David Verey is now a non-executive director for the evergreen, LSE-quoted private equity manager.
- Blackstone to target $3bn to $5bn for infrastructure fund
Blackstone Infrastructure Partners, in pre-marketing mode for its debut fund, will seek to raise one of the larger infrastructure funds yet. Last year the firm hired two Macquarie managing directors to head its infrastructure team.
- Woori mulls $300m commitment to Blackstone
South Korea’s Woori Financial may help Blackstone get closer to its revised $15bn target for its sixth global fund.
- Report: Blackstone- and Providence-backed media company teeters on verge of bankruptcy
Newspaper owner Freedom Communications, which the mega-firms helped recapitalise in 2004, is reportedly on the verge of a bankruptcy filing.
- Feature: Shanghai’s dark cloud
The ability of China’s largest city to become a major global fund formation centre hinges on the unpredictable attitude of central government, writes Andy Thomson.
- CIC to make $260m China debut with CITIC Capital
The $200bn Chinese sovereign wealth fund is poised to buy a 40% stake in Chinese private equity and real estate firm, CITIC Capital, in its first domestic investment in a fund management platform. The Beijing-based fund purchased a stake in The Blackstone Group last year.
- Joint account
GPs and LPs lately have been at odds over terms, but they are totally aligned in opposition to the FDIC’s proposed bank ownership rules, writes Christopher Witkowsky.
- Judge approves sale of Stanford private equity stakes
Park Hill Group will help sell some of the private equity fund holdings from indicted financier Allen Stanford’s $650m investment portfolio.