Blackstone related stories
All articles and analysis
KKR infrastructure fund closes on $1bnKKR Global Infrastructure Investors has closed with $1 billion in committed capital. The fund, launched in 2008, has helped the private equity firm establish a $4bn real asset platform.
- Wisconsin shops $720m portfolio
The state investment board wants to reduce its exposure to the largest funds in the market and is selling stakes in funds managed by KKR, Charterhouse, Carlyle and Blackstone.
- A Pyrrhic victory?
Limited partners got what they wanted from a successful mezzanine shop recently – but will their actions ultimately prove detrimental to returns?
- CalSTRS discusses limits for managed accounts
The $153bn retirement system may set a $500m maximum on individually managed accounts, according to an investment policy proposal.
- The benchmark LP(2)
Since taking the helm at CalPERS in early 2009, CIO Joseph Dear has made it clear he considers private equity a crucial part of its investment strategy. But things haven’t been business as usual: he’s taken fund managers to task over alignment of interest, led an overhaul of the pension’s allocation model, sorted out the aftermath of a ‘pay-to-play’ scandal and hired a veteran private equity chief. Amanda Janis stops by Dear’s office in Sacramento to learn how CalPERS continues to find value in private equity
- Michigan commits to GSO, Denham
The University of Michigan unveiled investments in two recently closed vehicles at its meeting Thursday in addition to a $30m commitment to Stone Tower Capital, which was recently acquired by Apollo Global Management.
- CalPERS and Blackstone form custom account
The Blackstone Group’s ‘tactical opportunities’ business is targeting $3bn to $5bn, which will be raised through the formation of separate, customised accounts with limited partners.
- CalSTRS prepares for customised accounts(2)
The pension system, with $144.8bn in assets, is altering its private equity investment policy to allow for investments in separately managed accounts, a model that appears to be gaining popularity among large institutions.
- Freshfields launches multi-strategy group(2)
The law firm has launched a ‘fully integrated offering’ for private equity, infrastructure, sovereign wealth and so-called ‘alternative capital providers’, acknowledging that the strategies of many global investors have converged.
- Blackstone: LPs flock to alternatives in down cycle
The M&A environment is shaky, growth in the emerging markets has slowed and LPs are putting more money into alternatives, according to the firm’s president, Tony James.