Blackstone related stories
All articles and analysis
Ex-RREEF exec joins Blackstone in AsiaPhilip Levinson has been hired by the global buyout firm, which is considering opening additional Asian offices.
- Report: Blackstone to set up Chinese entity
The US buyout major reportedly plans to take advantage of a pilot government policy allowing foreign firms to set up wholly-owned Chinese entities in the Shanghai Pudong New Area.
- Blackstone writes down RE portfolio by 19%
The New York-based firm reported losses of $212m on its real estate investments in Q1 and warned more write-downs should be expected in 2009. It comes as Blackstone reported overall losses of $93m for the first three months of the year.
- Obama plan calls for PE firm registration
Investment firms with assets over a ‘modest threshold’ will need to register with the SEC, according to a proposal released last night by the White House. The plan comes a day after a Senate bill set $30m as the line above which all firms would need to register.
- Illinois Teachers’ commits $100m more to Blackstone VI
The $27bn pension committed $50m to Blackstone’s sixth buyout fund in October, but decided to add another $100m after raising its allocation to private equity to 10% in May.
- Korean pension to up overseas exposure to alternatives
South Korea’s National Pension Service will reportedly resume its overseas investments from next month and increase its investments in overseas alternative assets.
- New York Common's real estate portfolio losses 32%
The New York State Common Retirement Fund has assets valued at $110bn, down from $154bn about a year ago, due in part to a 32.6% decline in the value of its real estate portfolio.
- Extended Stay reportedly in talks with lenders
The Lightstone-backed hospitality chain is in discussions to turn over the company to its lenders, according to a report. New Jersey-based private real estate company Lightstone acquired Extended Stay from Blackstone last year for $8bn.
- Cerberus holds $700m claim in Extended Stay bankruptcy
Cerberus expects to make a 100% recovery on the secured $700m loan. The hotel group was acquired by an investor group led by private equity real estate firm Lightstone Group in June 2007 for $7.4bn. There are no plans to close or sell the hotels.
- Gray, Grayken, Quille or dark horse?
Three industry titans vie for one prestigious PERE award. Have you cast your vote? Polls close on 3 February for the third annual PERE Global Awards and competition is fierce. Will MGPA or GIC take the Asian firm of the year award. Will Niam/Goldman Sachs beat competition from AIG for European exit of the year?