Blackstone related stories
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Blackstone Strategic Partners: ‘Democratisation is not a matter of if, but when'The inclusion of retail investors has been among the biggest changes in the asset class in recent decades, said global head Verdun Perry at IPEM 2022.
Side Letter: What families want from direct PE; a16z's retail bet; Altas plays long gameIn light of Monday's state funeral for Queen Elizabeth II, there will be no Side Letter until Tuesday. Multi-family office Stonehage Fleming launches deal platform. Plus: Venture giant a16z is betting on massive retail demand for alternatives; and long-hold specialist Altas is aggressively bolstering its ranks. Here's today's brief, for our valued subscribers only.
Side Letter: Thoma Bravo's growth fund; PE's foundation fortitude; M2O's LP boss lossThoma Bravo's debut growth offering is nearing a final close. Plus: foundations remain fond of private equity despite macro headwinds and boutique placement firm M2O has lost another senior secondaries executive. Here's today's brief, for our valued subscribers only.
CalSTRS commits $3.9bn to PEThe US-based pension fund has made commitments across 23 funds.
Side Letter: First-time fund database; Josh Harris's new firm; EQT's €2.4bnA new database lists first-time funds and the key things to know about them. Plus: Apollo co-founder Josh Harris has formally launched his firm; and EQT has beaten the target of its debut growth vehicle. Here's today's brief, for our valued subscribers only.
Our SI 50 ranking shows the changing shape of the secondaries marketThough this year’s ranking of the biggest secondaries fundraisers has a different name at number one for the first time ever, many of the most interesting subplots can be found further down.
Side Letter: Future Fund's PE 'shakeout'; ICG's succession shake-up; Ardian's boss lossMonday is Labor Day in the US, meaning Side Letter will return to your inbox on Tuesday. In the meantime, Australia's sovereign wealth fund is expecting less established managers to struggle in the coming economic storm; and GP-led giant ICG has enacted a succession plan. Here's today's brief, for our valued subscribers only.
Recruitment: How to win talent in the mid-marketCompeting against the large US buyout firms to attract candidates is no easy feat, but the past year has seen some hiring strategies work out for the mid-market platforms, says Mary Gay Townsend.
SI 50: Secondaries scales new heightsEven amid today’s rocky macro environment, the industry’s biggest fundraisers continue to pull in more capital
Side Letter: Partners Group's debt discipline; secondaries pricing plummetsPartners Group says it is resisting the urge to take the 'easy money' by leaning heavily into private debt. Plus: Global economic woes are feeding through into secondaries pricing; and Arizona State's valuations outlook. Here's today's brief, for our valued subscribers only.