Blackstone related stories
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PE firms continue picking at UK industrial company BrixtonJust weeks after selling a £70.25 million property portfolio to AEW Europe, Brixton is reportedly close to selling another £225 million portfolio to New York based Westbrook Partners.
- Private equity seals $900m bank rescue
Blackstone, Carlyle, Centerbridge and WL Ross have joined forces with several co-investors – including UK charity The Wellcome Trust – to buy failed Florida-based BankUnited. The FDIC is currently evaluating 'the appropriate terms' to let more private equity firms acquire failed depository banks.
- New York Common's private equity portfolio returns -23%
The New York State Common Retirement Fund has assets valued at $110bn, down from $154bn about a year ago, due in part to a 23% decline in the value of its private equity investments.
- Report: 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.
- Report: Blackstone, Carlyle and TPG eye Hui Yuan minority stake
Several private equity firms are reportedly looking to take a minority stake in the Warburg Pincus-backed Chinese beverage company, which recently had a buyout by Coca-Cola scuppered by anti-monopoly issues.
- Carlyle pays $20m to 'resolve' role in pay-to-play scandal
New York Attorney General Andrew Cuomo has reached a resolution with The Carlyle Group under which the firm has pledged to avoid hiring placement agents to obtain investments from New York’s public pensions. Carlyle also agreed to pay $20m to ‘resolve its role’ in the pension pay-to-play investigation.
- Former Park Hill exec pleads guilty in kick-back scandal
Julio Ramirez, who left Blackstone-affiliated placement agent Park Hill in March, has pleaded guilty to securities fraud. The allegations stem from the time Ramirez was employed by Wetherly Capital, prior to joining Park Hill; Blackstone told PEO its internal investigation revealed no misconduct at Park Hill.
- Blackstone makes 1.4x on Stiefel
Reporting first quarter earnings, the New York-based firm said it wrote-down its private equity investments by an average of 3%. President Tony James said the firm was concentrating on debt opportunities.
- Former KEMA director to head Blackstone fundraising advisory
The private equity firm has hired Tom Kelly, a former KEMA Partners managing director, to head a new initiative providing fundraising services to a range of different businesses.
- Millennium bolsters portfolio as it raises $300m
The Blackstone spin-out has already held a first close on its second fund to focus on direct venture capital secondaries. It recently acquired stakes in nine new companies including Facebook, Zappos and eHarmony.