Tuesday, 31 March 2015
Last updated 22 min ago
Feb 27 2012 | 3:59am ET
The Blackstone Group has named real estate chief Jonathan Gray to its board of directors.
A seat on the private equity giant's board is somewhat rarefied territory: Blackstone has only seven directors, and Gray joins Blackstone CEO Steven Schwarzman, President Tony James, hedge fund chief Tom Hill and three independent directors.
Gray's addition to the board represents both the increasing importance of the business he leads to Blackstone's bottom line and Gray's positioning as a possible successor to Schwarzman, who is 64. Schwarzman has said he has no intention of retiring any time soon.
"We have always believed in institutionalizing Blackstone and having a clear succession plan even if it is not going to happen for years," a Blackstone partner told the Financial Times.
Gray has been with Blackstone since 1992.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…