Blackstone related stories
All articles and analysis
Shanghai gains momentum with two RMB fund launchesFirst Eastern and Blackstone have taken advantage of an onshore fund pilot programme in Shanghai, as China's big cities jockey to become the country's private equity centre.
- Blackstone, Centerbridge offer alternatives to FDIC rules
Lower capitalisation levels and shorter hold periods are among the changes to proposed FDIC bank ownership rules offered by a group of private equity firms.
- Blackstone defends its need for mega-funds
Blackstone president Tony James has said the firm ‘can justify a fund of $15bn to $20bn’ given its investment pace and current opportunities.
- Blackstone infra fund eschews PE-style fees
The firm has thrown out the classic 2-and-20 terms for its infrastructure debut, charging LPs 15% carry and up to 1.5% for management fees.
- CIC to acquire 40% stake in CITIC Capital
The sovereign fund, which already owns a portion of Blackstone's management company, will reportedly pay $258m for new shares in the Hong Kong-based alternative investment firm.
- Tim Donahue returns to JPMorgan
Less than a year after taking over as the Asia Pacific head of Blackstone-owned GSO Capital Partners, Tim Donahue is rejoining JPMorgan.
- FDIC proposes tighter rules on private equity bank deals
Private equity firms would have to comply with tighter standards for capitalisation, hold periods and disclosure requirements if proposed rules from US banking regulator FDIC are approved.
- PCG to pay $2m to settle with New York in pension scandal
An affiliate of the California-based gatekeeper was a minority partner in a co-investment fund accused of kicking back illegal fees for a $750m commitment from New York State Common Retirement Fund.
- Get Creative
US private equity firm Northern Lights Ventures shows how even smaller firms can get into the financial institutions game with a little creativity, writes Jennifer Harris.
- SECONDARIES I
With valuations proving a point of contention between would-be vendors and acquirers, sales of private equity portfolios to secondary buyers have been relatively subdued in recent months. But the need to free up capital means action will have to be taken sooner rather than later - and that's why secondaries specialists believe a highly productive period lies ahead. Andy Thomson reports.