Archive for the 'Private Equity' Category
Al Gore’s fund closes after attracting $5 billion
Former Vice President Al Gore is doing fairly nicely staying out of the current political fray.
Generation Investment Management Ltd., which he co-founded with ex-Goldman Sachs Group (NYSE: GS) banker David Blood in 2004, attracted nearly $5 billion to its main Global fairness Fund and is pro…
Barbarians at Carlyle’s Gates
Samuel Johnson once opined: “Depend upon it, sir, when a man knows he is to be hanged in a fortnight, it concentrates his intellect wonderfully.”
This seems to be the feeling with the private fairness folks at the Carlyle Group. Basically, they function a troubled affiliate, Carlyle Capital. …
New private fairness trend: Bankruptcy?
It’s a rough day for private fairness. Carlyle is having a “crisis talk” with its investors considering of the implosion of one of its debt funds.
Oh, and the Blackstone Group LP (NYSE: BX) announced its earnings report. There was a net loss of $170 million, which compares to a net gain of $1…
No slack with SPACs
Equities are ailing. And yes, the IPO market is basically dead.
But there is a bright spot: Special Purpose Acquisition Corporations (known as SPACs). Essentially, that is a new-fangled public offering.
So, what’s going on here?
Well, I had a chance to interview Andre Peschong, who is a…
Time to load up on Blackstone stock?
About a year ago, when Blackstone (NYSE: BX) went public, investors were scrambling to get shares of the top-notch private fairness firm.
Well, the IPO was certainly a mark of savvy timing (hey, isn’t that what private fairness firms are supposed to be good at?). But the stock price has stead…
Private fairness: still partying like it was 2007
With the severe credit crunch, the private fairness world has come to a screeching halt. certain, there is some dealmaking - but nothing like it was just a year ago.
So, what are the private fairness folks doing? Well, they are raising billions of dollars. that is according to a piece in the …
KKR’s Henry Kravis: experience shows that private fairness works…by the towering-term
KKR is the firm that pioneered the private fairness commerce getting its start in the mid 1970s. by the years, the firm has established 14 funds and generated average returns of 20% (net of fees).
Lately, though, KKR has come under attack (as have many other private fairness operators). So, w…
Is E*Trade (ETFC) getting ready for a sale?
E*Trade (NASDAQ:ETFC) did something odd. It made a former vice chairman of JP Morgan (NYSE:JPM) its new CEO. It would be tough to assume that he has much experience in the reduction brokerage industry. Donald Layton has been non-executive chairman of the company since Citadel Investment Group put $1…
Och-Ziff (OZM) dipping into mortages?
For hedge funder operator Och-Ziff (NYSE: OZM), it’s been a wild ride since its IPO in November, mostly downhill. The company’s stock price has gone from $32.80 to $20.02.
But that week things have been improving. Och-Ziff announced a fairly good earnings report. For example, the firm posted …
Blackstone: Dark times until 2009
After reaching an all-time low of $15.25 recently, shares of Blackstone (NYSE: BX) have staged a nice comeback. In today’s trading, the stock price is up 6.71% to $17.0.2
So, are we seeing a turnaround in the buyout market? Not necessarily.
This week, there is a “Super Return” conference i…
Bauer back in hockey hands
Venerable hockey sort Bauer is back in the hands of an ice hockey enthusiast. On Thursday, Nike (NYSE:NKE) sold the sort to private fairness investor W. Graeme Roustan, a private fairness investor who grew up in Montreal and now lives in Florida. additionally involved in the purchase was investm…
Sun shines on Furniture Brands
Lately, it’s been unbreakable for furniture retailers. After all, Wickes Furniture, owned by private fairness operator Sun Capital Partners, recently filed for Chapter 11 bankruptcy.
So, that might dampen interest in the sector? Perhaps not. Interestingly decent, Sun Capital wants to make a b…
Blackstone cofounder wants to save the world
When talking about Blackstone (NYSE: BX), society generally refer to Stephen Schwarzman. However, there is actually a cofounder of the firm; that is, Peter Peterson.
Although, he’s not a pure finance junkie. Some of his prior gigs include: Chairman of the Federal Reserve Bank of New York, the…
The New Yorker: Schwarzman, we hardly knew ye
In the private fairness world, Stephen Schwarzman — who is the chief at the The Blackstone Group L.P. (NYSE: BX) — is a legend. considering of the nature of his commerce, he really didn’t have a high profile; that is, not until final year, when his firm went public.
And the PR was horrible:…
