Tuesday, 30 September 2014
Last updated 13 min ago
Jul 14 2008 | 12:48pm ET
The Blackstone Group is set to hold a first close of its latest private equity fund on July 25, three months later than originally planned.
The p.e. giant expects to have a first closing for Blackstone Capital Partners VI at between $6 billion and $7 billion, LBO Wire reports. The firm hopes to raise $20 billion for the fund, the successor to Blackstone Capital Partners V, the largest private equity fund launch in history, which closed with $21.7 billion last year.
The difficult market conditions for p.e. investing and the credit crunch are reportedly only part of the reason that Blackstone has had a tough time raising money for the new fund. LBO Wire reports that some investors have balked at the deal fees the new fund charges, which are significantly higher than industry norms.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...