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Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with US$400,000 (equivalent to $1.1 million in 2023) in seed capital. [2]: 45–56 [3] The founders derived their firm's name from their names: "Schwarz" is German for "black"; "Peter", "petros" (πέτρος, masculine), or "petra" (πετρα, feminine) means "stone" or "rock" in Greek.
This category is for portfolio companies of the private equity investment firm Blackstone Inc. Portfolio companies are those companies that are currently or have been previously owned or controlled by the private equity firm or its affiliate funds.
Blackstone and AIG also entered a long-term asset management agreement for about one quarter of AIG's life and retirement portfolio, set to increase in subsequent years. [14] In September 2023, it was announced Corebridge had sold its subsidiary, the London -headquartered life insurance company AIG Life Limited (AIG Life UK) to the British ...
Blackstone Inc. (NYSE: BX) is an alternative investment company. As of last year, the company's total assets under management were approaching $900 billion. Its growth resulted primarily from its ...
Investment company CMH Wealth Management LLC (Current Portfolio) buys Blackstone Inc, BTC iShares Cohen & Steers REIT ETF, Vanguard Intermediate-Term Corporate Bond ETF, Vanguard Short-Term ...
Now may be a good time to look at the world’s leading alternative asset manager.
In March 2019, The Blackstone Group acquired a majority stake in Servpro Industries, LLC, [10] [11] for an amount reportedly exceeding US$1 billion according to the Wall Street Journal. [12] The Isaacson family reinvested and maintains minority ownership. Brett Ponton is the Chief Executive Officer of SERVPRO.
[1] [3] The company discovered the Double A Wells Field in East Texas in 1985. [3] It began drilling oil in the late 1980s. [3] By 1992, it acquired the land rights of the Kirby Lumber Company, founded by John Henry Kirby. [3] Four years later, in 1996, it divested from its holdings in the Double A Wells Field. [3]