Blackstone related stories
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Can do, will doArif Naqvi, founder of Abraaj Capital, never intended to build a private equity business. Today, he presides over the largest such entity investing in the Middle East and North Africa. An eloquent spokesman for the asset class' importance in the Arab world, he recently shared his vision for the industry and the region with Philip Borel.
- Spinning round and round
The fundraising carousel remains in full swing, and limited partners are struggling to cope with the pace. With strong distributions driving new commitments, few practitioners are preparing for a slowdown. Philip Borel reports.
- STONE-BROKE BLACKSTONE
The world's biggest private equity firm needs more money, fast.
- 10 things you need to know in 2008
As the year draws to a close PEO's team has pulled out its crystal ball to take a view on 10 of the themes that will occupy the industry in 2008.
- Report: Istithmar looks to venture and debt investing for 2008
Istithmar, a Dubai government-owned investment firm, reportedly plans to diversify into venture capital and debt investing as the unavailability of leverage makes larger deals more difficult.
- Blackstone closes $1.3bn debt fund
The buyout group continues to enhance its debt market activities with closure of its first ever ‘credit liquidity’ fund.
- Bidders can avoid £24bn Northern Rock debt
The details of the sale options for struggling UK bank Northern Rock reveal bidders may be able to acquire the bank without taking on the company’s expected £24 billion debt to the Bank of England.
- Academics predict negative returns for ’05, ’06 funds
Increasing fund sizes and periods of heavy fundraising have historically correlated with decreasing returns, according to research presented by two prominent US scholars.
- Lee: plenty of debt for smaller deals
Private equity icon Thomas H. Lee has said the credit crisis is ‘not a cash crisis’ but a crisis of confidence that will primarily affect the availability of debt financing for private equity deals valued at more than $1 billion.
- Alternatives to the rescue
Bulge brackets Merrill Lynch, Citi and Morgan Stanley are looking for leadership and growth from a formerly obscure niche – alternatives, writes Amanda Janis.