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Earlier, it was being reported that Mukesh Ambani planning to go for a $12 billion take over plan that was being called as the mother of all acquisitions. However, the report says now that Mukesh Ambani have decided to go slow and to put on hold his..
Private equity firm Blackstone Group LP said Friday it continued to lose money during the fourth-quarter as the ongoing credit crisis hurt the value of its investments.
Blackstone Group LP, one of the world’s largest private-equity funds, reports a steep third-quarter loss as the financial crisis lowered the value of its investments.
China Investment Corp., the government’s sovereign wealth fund, may raise its stake in U.S. investment group Blackstone LP after the two agreed to boost the Chinese company’s ownership limit.
Stephen Schwarzman is Wall Street’s $5.13 billion man.That’s how much money the co-founder of private equity shop Blackstone Group LP made in compensation for 2007, the year he brought the firm public, according to a filing with the Securities and...
Stephen Schwarzman is Wall Street’s $4.78 billion man.That’s how much money the co-founder of private equity shop Blackstone Group LP made in compensation for 2007, the year he brought the firm public, according to a filing with the Securities and...
Blackstone Group has lost $170 million for the fourth quarter because of the declining value of its investment in a bond insurer and deterioration in the credit markets.The New York-based investment manager said its investment in Financial Guaranty...
Blackstone Group LP will spend as much as $930 million for GSO Capital Partners LP, a hedge fund that helps finance private equity buyouts and manages debt investments, the New York-based private equity firm said Thursday.Blackstone Chief Executive...
Blackstone Group LP will spend as much as $930 million for GSO Capital Partners LP, a hedge fund that helps finance private equity buyouts of troubled companies, the New York-based private equity firm said Thursday.Blackstone chief Stephen A. Schwarzman..
Asset management firm Blackstone Group LP said Thursday it will acquire GSO Capital Partners LP for as much as $930 million and its board of directors approved a $500 million share repurchase program.Blackstone will pay $620 million up front in cash and..
Blackstone Group LP President and Chief Operating Officer Hamilton James said Monday the slumping private-equity market might not fully rebound until major Wall Street banks get a better handle on the credit crisis.”The mortgage black hole is...
