Blackstone related stories
All articles and analysis
Blackstone Fund VI raises $8bnThe New York-based private equity firm’s latest fundraising efforts bring Blackstone’s total dry powder for private equity to $13bn. Reporting a $193.6m fourth quarter loss, Blackstone said it remains focused on investing in non-cyclical industries.
- Schwarzman: Our LPs are holding firm
With the exception of two individual investors currently in default - one as the result of being embroiled in the Bernard Madoff scandal - Stephen Schwarzman, Blackstone’s CEO and co-founder, said his LPs are not requesting commitment downsizings, an issue some private equity firms are dealing with amid the liquidity crisis.
- Blackstone eyes debt and rescue financing
The New York-based private equity firm is sitting on more than $12bn of dry powder for real estate. Reporting a $477.8m fourth quarter loss, Blackstone said it is looking at select investment opportunities while waiting on the sidelines for distressed sellers to come to market in 2010 and later.
- Blackstone targets $5bn for infrastructure fund
Blackstone aims to be among the infrastructure mega-funds, having put a pre-marketing target range of $3bn to $5bn on its debut infrastructure fund. Rival KKR is raising $4bn for its maiden infrastructure fund, while Macquarie is seeking $6bn for it second global infrastructure fund and €5bn for its second European infrastructure fund.
- Apollo hires former Realogy chief as COO
Former Blackstone partner and Saul Steinberg protegee Henry Silverman will become the firm’s first chief operating officer. In 2007, he sold the reportedly now insolvent real estate company Realogy to Apollo for $8.5bn.
- Report: Cerberus to cut 10% of staff
The New York-based private equity firm is reportedly on the brink of making up to 27 of its 275 employees redundant.
- Report: Fortress cuts 11% of staff
The publicly traded alternatives manager reportedly cut around 100 jobs towards the end of 2008, as its share price was hitting an all-time low.
- Will LaSalle take Blackstone’s crown?
LaSalle Investment Management is vying to replace Blackstone as Global Firm of the Year in the PERE Awards. You still have time to cast your votes for this and other 2008 Global PERE Awards categories.
- Big guns eye Lehman real estate assets in Japan
Blackstone, Lone Star, Cerberus, Goldman Sachs and Nomura Bank are reportedly among those registering their interest in Lehman Brothers real estate debt units, Lehman Brothers Commercial Mortgage KK and Sunrise Finance.
- Private equity firms struggle to comply with Walker rules
Only half of the 32 participating private equity firms are in full compliance with the BVCA-backed Walker Guidelines, the first report shows. The guidelines were established in 2007 by David Walker. Participating private equity firms include The Blackstone Group, 3i and Kohlberg Kravis Roberts.