Blackstone related stories
All articles and analysis
FDIC establishes rules for private equity bank buyoutsThe US banking regulator scaled back its proposed rules, easing certain requirements that had attracted industry criticism including Tier 1 leverage ratios.
- Maguire to hand back four ex-EOP/Blackstone offices
As part of the US REIT’s efforts to reduce its debt load, Maguire Properties is handing over control of seven buildings once valued at more than $1 billion. The properties were bought between 2004 and 2007. LBA Realty is reportedly taking over one asset, Park Place I.
- Blackstone has $29bn in dry powder
The New York-based investment manager has $12.4bn of capital to deploy to real estate and $14bn for private equity. Announcing its second quarter results, Blackstone wrote down its real estate portfolio by 19 percent.
- Blackstone writes down Hilton deal by half
The New York-based private equity real estate firm has reportedly written down its $1.45bn investment in the hotel chain to just $742m as of the end of 2008. It has also written down investments in casino company Harrah's Entertainment and semi-conductor unit Freescale.
- 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.
- Blackstone, Fortress chiefs criticise FDIC proposals
Tony James and Wes Edens have each said during earnings calls this week that their firms are eager to do US bank deals, but warned proposed FDIC policies may deter investment.
- Blackstone raises €3.1bn for Europe
The New York firm has sealed its status as the largest raiser of private equity for real estate by closing Blackstone Real Estate Partners Europe III.
- Blackstone, Morgan Stanley top PERE 30
The New York-based private equity real estate firms are once again the two largest private equity real estate firms in the world. The top 30 firms raised more than $211 billion in value-added, opportunistic capital over the past five years.
- Blackstone hires ‘Wall Street sage’
The firm has hired former Pequot Capital chief investment strategist Byron Wien as it looks to macroeconomic analysis to help spend its $29bn in dry powder.
- TPG joins Blackstone's healthcare initiative
TPG is the first private equity firm to merge its portfolio companies into Blackstone’s new healthcare purchasing consortium, Equity Healthcare.