Blackstone related stories
All articles and analysis
Millennium hires chief financial officer, triples Manhattan footprintMillennium Technology Ventures, a Blackstone spin-out, has hired a new CFO from Venrock Associates -- just one part of a dramatic expansion plan.
- Blackstone acquires stake in mortgage finance company
The publicly-listed asset manager is the latest private equity firm looking to take advantage of the ‘significant dislocation in the secondary mortgage market’ with the purchase of a minority stake in Bayview Asset Management.
- Report: GS raises $10bn leveraged loan fund
The global investment bank has reportedly raised $10bn to provide senior debt for private equity deals. In combination with the firm’s $20bn mezzanine fund, Goldman now has the ability to independently finance leveraged buyout of substantial size.
- Former Blackstone RE chief closes on $1.25bn
John Kukral, who was fundamental in building Blackstone’s real estate arm, will target US distressed real estate companies and assets with Northwood, his debut fund. It is based on an evergreen structure, and split into two separate vehicles.
- DLJ founder joins Blackstone board
DLJ founder Richard Jenrette is the latest veteran of the investment bank to join the publicly-listed alternative asset manager, re-teaming with former colleague and current Blackstone president Tony James.
- Michael Klein leaves Citi
The driver of the Blackstone IPO has ended his tenure with Citi after 23 years, despite $19.3m in deferred cash and stock compensation he has left bringing with him a golden Rolodex and deep knowledge and contacts within private equity.
- Bids for PCCW subsidiary closed today
The Hong Kong-listed telecommunications group has received 'a number of proposals' for its sale of a minority interest in a subsidiary. Private equity firms including TPG are reported to have bid.
- CVC opens office in Beijing
CVC Capital Partners has hired Zhu Wei from Goldman to head its new office as it joins a growing number of private equity firms venturing into China's capital.
- Blackstone to construct €1bn European windfarm
The Ney York firm has confirmed its second significant investment in the renewable energy sector with an agreement to invest in a wind farm off the coast of Germany.
- Investment banking revenue from private equity down 68%
Fees generated from private equity-sponsored buyouts and other transactions are at their lowest level since 2003; First Reserve replaces Blackstone as the top revenue source for investment banks.