Blackstone related stories
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Blackstone holds final close on $8bn real estate debt fundThe private markets giant says this is the largest such fund ever, and it will seek to deploy capital opportunistically.
Italy’s Azimut takes 20% stake in Kennedy LewisThe Milan-headquartered asset manager has acquired the interest through a US subsidiary, which provides firms with permanent capital to support their further growth.
Loan Note: Apollo's new $12bn platform, Fitch warns on revenues, fundraising pick-upThe platform that straddles direct lending and broadly syndicated loans – and it's a mere $12bn in size. Plus: Fitch's revenue warning and a fundraising fillip for Europe.
TRSL approves $175m in commitmentsThe US public pension has backed two private debt funds.
Ares closes special opportunities fund on $3.5bnThe vehicle, which will invest in both public and private deals, is 75% larger than its initial target.
Fighting racism is on the private markets agenda; let’s keep it thereThe leaders of some of the most prominent firms have spoken out about discrimination.
Do addbacks have the power to eradicate covid-19?It was widely predicted that the market downturn would profoundly alter behaviour in leveraged finance, but then along came EBITDAC as a reminder of the past.
EBITDAC: How companies may seek to increase debt by ‘adding back’ pandemic lossesAs an example of the practice surfaces, an industry body is warning other companies not to use the covid-19 outbreak as an excuse to try and raise additional finance through flexible documentation.
Blackstone racks up first quarter losses in credit businessAfter suffering the loss of GSO co-founder Bennett Goodman last year, Blackstone’s credit arm has also been hit by the coronavirus.
Onex hires former Blackstone co-head of distressed investingNew has joined the investment manager as co-chief executive officer of Onex Credit and will help shape its strategy.