Blackstone related stories
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Heavyweights weigh in on PEPrivate equity dominated discussions in the US this week, as high-ranking government officials, superstar investors and senior executives commented on the building tax controversy confronting the industry, as well as the longevity of the so-called buyout boom.
- Genstar triples to $1.6bn fund close
San Francissco-based middle-market firm Genstar has closed its fifth fund on $1.55 billion – more than triple the amount it raised in 2004.
- Morgan Stanley raises largest-ever real estate fund(2)
The investment bank has raised $8 billion for it sixth international real estate vehicle, a new record. However, Blackstone’s latest fund may soon surpass it.
- Cracks appear as BVCA comes under fire(2)
As the BVCA comes in for sustained criticism for its handling of yesterday’s Treasury Select Committee hearing, many in the industry – including its own chairman – are suggesting that it cannot continue in its current form.
- Morgan Stanley raises largest-ever real estate fund
The investment bank has raised $8 billion for it sixth international real estate vehicle, a new record. However, Blackstone’s latest fund may soon surpass it.
- Buyout firms circle £1.5bn Bupa hospital portfolio(3)
A range of private equity firms have expressed interest in UK healthcare business Bupa’s hospital portfolio. The healthcare business is believed to be selling because of regulatory concerns that its hospital business is a conflict of interest with its insurance arm.
- Blackstone post-IPO trading values firm at $37bn(3)
Shares in Blackstone closed today on the New York Stock Exchange, up 13 percent to $35 per share. The first-day trading values Stephen Schwarzman’s interest in the firm he co-founded at $8.5bn.
- Cracks appear as BVCA comes under fire
As the BVCA comes in for sustained criticism for its handling of yesterday’s Treasury Select Committee hearing, many in the industry – including its own chairman – are suggesting that it cannot continue in its current form.
- Fortress drops 7% on tax worries(2)
A day after two US senators unveiled proposed legislation to hike taxes for public partnerships, the share price of Fortress Investment has dropped. But one Washington observer put the likelihood that the Blackstone-inspired bill will become law at ‘one percent’.
- AXA joins electronic payments trend
AXA Private Equity has become the latest buyout firm to invest in electronic payments, through the acquisition of Welcome Real-time.