The alternative investment giant’s $930 million purchase of GSO Capital, a leveraged finance-focussed alternative asset manager, assuages what Stephen Schwarzman called one of the firm’s big regrets: having years ago spun off BlackRock.
Shares in Blackstone and Fortress hit new lows today following analyst downgrades, while American Capital announced a $500m programme to repurchase shares trading below net asset value.
The 3-year old firm has closed the largest-ever private equity vehicle raised by a Utah-based buyout firm – though without participation of two founding managing directors, including former American football star Steve Young.
The Silicon Valley venture firm has more than doubled its capital under management with closure of its fourth fund.
The Middle East, North Africa and South Asia specialist has sold its 2005 investment in fast-growing Maktoob.com to a hedge fund.
As the year draws to a close PEO's team has pulled out its crystal ball to take a view on 10 of the themes that will occupy the industry in 2008.
HarbourVest's senior managing director is expecting longer holds for recent deals with a drop in IRRs and an increase in mid-market secondary buyouts.
The US energy specialist is bucking the buyout slowdown as it looks to growth in the booming oil market, where it has invested for more than 25 years.
As the furore surrounding private equity in the UK grew, the BVCA took pre-emptive action and commissioned an independent report on disclosure and transparency. Sir David Walker hopes his recommendations will be widely adopted in 2008.
The French bank's acquisition of Fornetti Wroclaw is the latest in a spate of deals in Central and Eastern Europe.
Nigel McConnell's firm has made two and a half times its investment with the sale of outsourced support services business Global Solutions to a trade buyer.
Arif Naqvi, Abraaj Capital's chief executive, is looking forward to 2008 and continuing to invest in the development of the Middle East, North Africa and South Asia region’s basic building blocks.
General Atlantic, the global growth investor, is looking to the emerging BRIC markets and beyond in the 12 months ahead. Rene Kern, a managing director at the firm, spells it out.
The buyout group continues to enhance its debt market activities with closure of its first ever ‘credit liquidity’ fund.
Have legislators in the US and UK closed the book on changes to carried interest taxation? A trio of tax experts provides PEO with perspective on the latest Capitol Hill and Westminster developments.