Blackstone Event-Driven Fund Raising Up To $1B

May 28 2008 | 2:00am ET

The Blackstone Group’s new Asian event-driven shop plans to offer its first hedge fund in October. Blackstone Altius Advisors’ first offering could debut with as much as US$1 billion.

The new group, headed by SAC Capital Advisors veteran Aaron Nieman, was announced earlier this month. It also features former Banc of America Securities prime brokerage chief Christopher Pesce.

Blackstone will initially invest US$150 million in the Altius fund, Bloomberg News reports. The firm plans to raise between US$500 million and US$1 billion, it told potential investors.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note