Market Moves
Schwarzman Predicts Gentler Biden Approach to Beijing
Blackstone head has been close to Trump, but he also is an investor in Chinese companies.
Tag: Blackstone
Pensions
Blackstone Poaches Brown’s Joe Dowling
Chair of university’s investment office tapped to co-lead firm’s $78 billion alternative asset unit.
Alternatives
Private Equity Goes on a Warehouse Buying Binge
Blackstone, KKR, and other PE players ride a trend propelled by ecommerce’s expansion.
Promise of Private Debt Burns Bright—With a Big If
How the burgeoning asset class plans to navigate the risky pandemic economy.
Longtime Monarch Private Equity Gets Its Crown Knocked Off
Prospects for exits, money-raising, and new deals dim amid the scary economic slide.
Newsmakers
The Disaster That Made Blackstone’s Schwarzman Who He Is Today
The private equity titan’s 1989 stumble taught him valuable lessons.
People Moves Roundup
Aberdeen gets an APAC real estate head, InCapital appoints a new fixed-income chief, and more.
Alternatives
New York Continues Big Push into Infrastructure, Hand-in-Hand with Blackstone
Emerging markets, private equity get additional attention from one of the country’s largest pensions.
CalPERS Commits More than $1 Billion To PE
However, new co-investment program won’t be discussed this month as expected, and the fate of proposed direct-style private equity program also remains unclear.
Apollo Is Converting to C Corp Structure
By moving from a partnership setup, the PE firm expects its stock will be bought by indexes and mutual funds.
Kentucky Pension Lawsuit Alleging Hedge Fund Fraud Dismissed
Court rules plaintiffs couldn’t demonstrate how they had been damaged.
Newsmakers
Fund Managers Countersue Kentucky for ‘Wasteful’ Lawsuit
Blackstone and Prisma lawyer up to get their money back from ‘meritless’ case.
Alternatives
Texas Teachers’ Shoulders Its Way into Blackstone’s Behemoth Private Equity Fund
Sizable commitment shows the pair’s years-long relationship has no signs of fraying.
Alternatives
Texas Creates Separate Account with Saudi Arabia-backed Blackstone Infrastructure Fund
Adds $100 million to the $250 million commitment it made in 2018.
Asset Management Culture
Harvard Sells $950 Million in Warehouses to Blackstone
PE group targets portfolio’s last-mile properties as e-commerce businesses boom.