Saturday, 28 November 2015
Last updated 8 hours ago
Aug 8 2007 | 10:53am ET
Twenty-one billion dollars is the new $1 billion as far as the Blackstone Group is concerned. And it’s the size of the private equity behemoth’s latest global offering, Blackstone Capital Partners V.
The $21.7 billion BCP V, like its predecessor funds, will be invested across a broad range of sectors and regions. Two-thirds of the fund’s available capital has already been invested, in companies such as Nielsen Co., Michaels Stores, Alliance Data Systems, Biomet, Freescale Semiconductor, Hilton Hotels and Center Parcs.
“This further vote of confidence from our investors is extremely gratifying,” firm co-founder Stephen Schwarzman said “The record-breaking amount of capital at our disposal allows us to continue our leadership role in private equity investing on a global basis.”
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…