Capitalizing on the private-equity wave, The Blackstone Group saw its shares soar in their IPO on Friday, even though the broader market skidded lower.
Blackstone Booms on Its First Day of Trading
By Money Morning Staff Reports, Money Morning •
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[…] I’ve ever seen,” said Peter G. Peterson, co-founder of the private equity firm The Blackstone Group LP (BX), who was head of Lehman in the 1970s and a secretary of commerce in the Nixon administration […]
[…] I’ve ever seen,” said Peter G. Peterson, co-founder of the private equity firm The Blackstone Group LP (BX), who was head of Lehman in the 1970s and a secretary of commerce in the Nixon administration […]
[…] years ago, China plunked down $3 billion for a stake in The Blackstone Group LP (NYSE: BX), the U.S. private-equity powerhouse, after which the China Development Bank anted up $3.03 billion for a piece of Barclays PLC (NYSE […]
[…] growing reserves have induced it to create a state-run private equity fund to buy into ventures in other […]
[…] of you who stopped counting. Even if most of this capital gets invested through private deals like China’s $3 billion investment in The Blackstone Group LP (NYSE: BX) in May or the Barclays deal, it still allows Blackstone to […]