Blackstone
Transcript: Associate - Private Equity Tiggy Hillbery Blackstone Founded in 1985 as a M&A boutique by Peter G. Peterson and Stephen A. Schwarzman with $400,000 of their own money, who had previously worked together at Lehman Brothers. Fund Blackstone Capital partners I gathered $800m of investment, with largest sum coming from General Motors In 2007, Blackstone became a public company via a $4 billion initial public offering to become one of the first major private equity firms to list shares in its management company on the public stock market. History Structure& more... Structure $439B Assets Under Management $119.5 B $119.4 B $77.4 B $123.1 B Private Equity Current Portfolio of 90 large and mid cap companies USA, South America, Europe, SE Asia, Middle East, Australia $750m $1.65b $2b $2.4b Real Estate 2014 Accuried 20% of Versave for $200m Historically notable deals 2007 acquired Hilton Hotels for $26B Acquired in 2007 for $40B Blackstone is known for investing in other PE firms. They are raising a new fund dedicated to buying stakes in alternative asset managers, The firm is seeking $3.3B for the fund, which will buy minority stakes in alternative asset managers focusing on private equity, real estate, and infrastructure. Hedge Fund Fundraising Raises capital through pension funds, soverign wealth funds, central banks and insitutional investors Within 10 years expected that 1/2 of its annual fundraising will come from individuals July this year began a fundraising “super cycle” which could see it manage more than half a trillion dollars in assets. Blackstone has faced questions over how much room it has to grow further after increasing its AUM five-fold since it became public in 2007 $88B of its $439.4 billion left uninvested as of the end of June. Teams Credit -250 Private Equity Proffesionals - Across offices in NY, London, Mumbai, Sydney, Hong Kong, Toyko, Singapore -Principals, Managing Directors, Sr Managing Director and Global Head to "provide unique global perspectives, strong regional knowledge and access to a wealth of relationships that enhance our ability to serve our clients and capture opportunities around the world. These advisors work with Blackstone professionals on generating new business, advising on transactions and giving business-related expertise" + Group of independent Senior Advisors and Consultants that work with Blackstone's portfolio companies The fun part 'More Rumours about his parties than his deals' - The New York Times 2007 'The undisputed King of Private Equity' - Forbes One of Time Magazines most influential people 2007
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