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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", or "Petra" (Πέτρος and πετρα, the masculine and feminine rendering of the word, respectively) means "stone" or ...
PAI LBO Fund 1998 €650 million Buyout Liquidated PAI Europe III 2001 €1.8 billion Buyout Liquidated PAI Europe IV 2005 €2.7 billion Buyout Liquidated PAI Europe V [16] 2008 €2.7 billion Buyout Exit phase PAI Europe VI [17] 2015 €3.3 billion Buyout Exit phase PAI Mid-Market [18] 2020 €918 million Buyout Investment phase PAI Europe ...
In September 2006, the firm raised its debut fund with $3.2 billion of investor commitments to focus on control investments in distressed securities as well as leveraged buyout transactions. [ 3 ] [ 4 ] The firm also raised a $2 billion non-control, activist-oriented credit trading fund known as Centerbridge Special Credit Partners through 2009 ...
The recent stock market correction has been brutal for The Blackstone Group (BX). Since mid-April, the firm's shares have gone from $15.25 to $10.58. On Thursday, though, the alternative asset ...
The US$8 billion-equivalent term loan B portion of the debt financing backing Blackstone Group’s US$20 billion acquisition of a 55% stake in Thomson Reuters’ Financial and Risk (F&R) unit is ...
In September 2022, the Texas Municipal Retirement System committed $150 million to the fund. [11] In July 2023, Blue Owl Capital made a $2 billion 13.5% minority investment in Stonepeak, valuing the firm at approximately $15 billion. [12] The firm is noted for having numerous ex-Macquarie Group employees in its ranks.
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PAI Partners. BNP Paribas Développement. Paris. Paris. 1993 2016 1998 - BT Alex. Brown ^ ABS Capital: Baltimore: 1990 1995 CIBC World Markets: Trimaran Capital Partners: New York: 1995 2001 Citigroup: Court Square Capital Partners CVC Capital Partners Welsh, Carson, Anderson & Stowe Bruckmann, Rosser, Sherrill & Co. New York Luxembourg France ...