Thursday, 28 August 2014
Last updated 1 hour ago
Jul 23 2010 | 1:50pm ET
The Blackstone Group has raised the biggest new buyout fund since the beginning of the financial crisis.
The New York-based private equity fund has closed its sixth fund at $13.5 billion, well ahead of its target, but smaller than the $14 billion BCP V fund. That fund later reopened and netted an additional $6 billion.
“In any environment, $13.5 billion is a great result and gives us plenty of firepower as we have $3 billion from the old fund,” Blackstone President Tony James said.
Blackstone expects to invest the remaining capital from its fifth fund in the fall, when it will begin investing money from the sixth fund. It will focus on Asia and North America, at least until the European economy begins to recover.
BCP VI features additional choices on deal fees not offered on BCP V, Blackstone said.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...