Blackstone related stories
All articles and analysis
Cognetas cuts 12% of staffThe UK-based private equity firm joins the ranks of 3i, Blackstone, Carlyle, Shuaa and Investcorp, all of which have made job cuts this month.
- Irving Place chief: ‘Horrendous’ holiday season ahead
Trouble in the retail sector presents opportunity, with 'some of the greatest fortunes' due to be made by savvy investors over the next year, according to John Howard, CEO of Irving Place Capital, formerly Bear Stearns Merchant Banking.
- S&P: PIK-toggle notes may be harmful to debt-holders
PIK structures, frequently found in LBO-related debt offerings and currently being exercised by firms including KKR, Bain and Permira, may be staving off inevitable default to the detriment of debt-holders, according to Standard & Poor’s.
- Lehigh University more than doubles private equity allocation to 15%
The $1.1bn university endowment has upped its allocation to private equity by 150 percent in an effort to diversify its holdings.
- Over there
If US investors are serious about real estate returns, they'll have to leave the perceived safety of their home turf. Private equity real estate will benefit as they do.
- Report: CIC hires alternatives head
The Chinese sovereiegn fund has reportedly hired Zhou Yuan, former China head of global investment bank UBS.
- EUROPE NEWS: Brockton tees up second fund
London-based Brockton Capital has sold a prime London office and is out raising £300m for its second UK opportunity fund. PERE Magazine December 2008/January 2009 issue
- Report: Chinese sovereign fund to avoid foreign oil, airlines, telecom sectors
China’s vice minister of finance reportedly said the state’s new $200 billion sovereign wealth fund will be transparent in its actions, and will not aggressively seek to acquire foreign oil companies, nor invest in airlines or telecom firms.
- Zell wins Tribune buyout
Billionaire real estate investor Sam Zell has been selected to back the $8.2bn privatisation of newspaper publisher Tribune Company, a transaction which involves the sale of a stake in a Chicago baseball team and an Employee Stock Ownership Plan.
- Walker transparency drive targets large buyouts
Sir David Walker has published his recommendations on how UK private equity must improve transparency. The consultative report focuses on three areas: annual reporting by large portfolio companies; annual reporting by GPs, and the co-ordination of industry-wide performance data.