Blackstone related stories
All articles and analysis
Chart of the week: Senior and subordinated debt take a knockAfter an encouraging 2015, both strategies have seen a fall in fundraising.
- Fundraising unlikely to reach last year’s peak - exclusive
Closed-ended private debt fundraising reached a respectable $67bn by the end of Q3, but last year’s $106bn total will be hard to reach.
- New York Forum: Goodman warns of ‘paradigm shift’
In an onstage interview, GSO's Bennett Goodman also cited hotels and auto as sectors being heavily impacted by the internet.
- FS Investments loan supports education acquisition
The Philadelphia-based investment firm’s BDCs has provided $120m of a $150m unitranche facility used to support Morgan Stanley Global Private Equity’s acquisition of Cadence Education.
- Apollo pays $52.7m in settlement with SEC
The settlement, which centres on improper fees and conflicts of interest disclosure to limited partners and supervisory failure, includes a $12.5m penalty. It comes less than a year after Blackstone settled with the SEC for similar issues.
- Macquarie provides €300m unitranche loan to Irish hospital
The Australian firm has supported The Mater Private Hospital’s refinancing with a €300m loan, one of the largest transactions completed in the European market.
- Owl Rock hires Walsh for strategic partnerships – exclusive
Former New Jersey investment director tapped for new role, formed with mandate to seek out LPs for large separate accounts.
- SWIB sends $100m apiece to Centerbridge, GSO
The US state pension fund is investing in a distressed credit fund with Centerbridge Partners and a junior debt vehicle with Blackstone-owned GSO.
- Big names, small fees: how Owl Rock gets LPs into a BDC
While it’s unusual for pension funds to invest in business development companies, Owl Rock has been raking in large cheques from these investors thanks to the strong reputation of its founders and unusually low fees.
- Riverside Company establishes credit business - exclusive
The New York-based private equity company brought on three former NewStar Financial employees to work on the effort.