Blackstone related stories
All articles and analysis
GSO closes second mezz fund on $4bnLimited partners’ heavy appetite for mezzanine strategies helped Blackstone’s GSO team raise billions to take advantage of a historic opportunity for non-bank lenders in the uncertain markets, especially in Europe.
- Apollo seeks more customised accounts
After building a historic $3bn customised relationship with the Texas Teachers’ Retirement System, the firm is talking to institutions around the world about similar opportunities.
- CalPERS eyes managed accounts
The $234bn retirement system’s 2012 roadmap includes plans to engage the secondary market and develop a co-investment and managed accounts programme.
- Korean pension to back Blackstone real estate
Korea's $288bn national pension is poised to commit $300m to Blackstone’s latest real estate fund as part of a strategy to increase its exposure to higher return investments.
- The benchmark LP
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
- GSO raises billions for market dislocation
The debt affiliate of The Blackstone Group has stopped marketing its second mezzanine fund, which is set to hit its $4bn hard-cap in the next few months. GSO also is launching its second ‘rescue fund’ that will come in handy in Europe.
- Blackstone sets its gaze on Europe
The firm, which has made only sporadic investments in Europe over the past few years, sees huge opportunity in private equity, real estate and credit strategies in the region, which is undergoing 'de-leveraging’.
- CalSTRS prepares for customised accounts
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
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 market cap now larger than Lehman’s(3)
The firm that Stephen Schwarzman and Peter Peterson left in 1985 has crumbled to a roughly $3bn market capitalization, versus Blackstone’s $4bn. It follows moves to spin off its $30bn commercial real estate exposure and sell a 55 percent stake in its PE and RE arms.