Blackstone related stories
All articles and analysis
Blackstone hires ‘Wall Street sage’ to bolster macro research activitiesThe New York- based private equity and real estate giant has brought in former Pequot Capital chief investment strategist Byron Wien, as it looks to macroeconomic analysis to work out how to spend its $29 billion equity pile.
- Blackstone, Fortress chiefs criticise FDIC proposals
Tony James and Wes Edens have each said during earnings calls this week that their firms are eager to do US bank deals, but warned proposed FDIC policies may deter investment.
- Blackstone has $29bn in dry powder
The New York-based investment manager has $12.4bn of capital to deploy to real estate and $14bn for private equity. Announcing its second quarter results, Blackstone wrote down its real estate portfolio by 19 percent.
- Atlantic Pacific hires ex-Bear Stearns exec
Garett Stoffels, former managing director of Bear Stearns’ real estate and lodging group, has joined the placement agent in its New York office as co-head of direct private placement. The head of Deutsche Bank’s private equity placement Steven Tuch also joins the firm in Connecticut as co-head.
- Bayview latest manager to float debt REIT
The Blackstone affiliate, Bayview Asset Management, has launched a $500m IPO for a debt vehicle targeting US real estate loans and securities. The Coral Gables, Florida firm will continue to target the “scratch and dent” market.
- Blackstone writes down Hilton deal by half
The New York-based private equity real estate firm has reportedly written down its $1.45bn investment in the hotel chain to just $742m as of the end of 2008. It has also written down investments in casino company Harrah's Entertainment and semi-conductor unit Freescale.
- CIC to make $260m China debut with CITIC Capital
The $200bn Chinese sovereign wealth fund is poised to buy a 40% stake in Chinese private equity and real estate firm, CITIC Capital, in its first domestic investment in a fund management platform. The Beijing-based fund purchased a stake in The Blackstone Group last year.
- 2008 GLOBAL PERE AWARDS - Asia and rest of world awards
More than 10,000 votes were cast for the third annual PERE Awards and here – over the next dozen pages – we present the winners and runners-up of the Asia and rest of world awards. By Robin Marriott, Jonathan Brasse and Zoe Hughes. PERE March 2009
- FEATURE: Measuring up
Though some GPs argue that absolute returns matter most, an industry index allowing anyone to benchmark the performance of value-added and opportunity funds has finally arrived. PERE Magazine December 2008/January 2009
- ASIA VIEW: Foreign flight
Though investment by domestic firms in Chinese real estate rose dramatically in the first half of 2008, investment by foreign firms fell sharply. Have Western investors fled from Chinese real estate for the time being? PERE Magazine December 2008/January 2009 issue