Blackstone Blog

  • Aug 23, 2012

    Tim Coleman Discusses Blackstone's Restructuring Practice

    Tim Coleman discusses Blackstone’s Restructuring practice, the approach they’ve taken to advising clients, and highlights one of the Group's major Restructurings. Watch video interview here.
  • Aug 16, 2012

    Rating Agencies Reaffirm Blackstone's Investment Grade Credit Rating in the Wake of Successful Bond Offering

    Following a successful bond offering, which capitalized on record low interest rates to bolster Blackstone’s already strong balance sheet, rating agencies Standard & Poor’s and Fitch reaffirmed the firm’s A/A+ credit rating. This credit rating is the highest of any alternative asset manager and one of the highest of any financial institution.
  • Aug 13, 2012

    The Blackstone Charitable Foundation Commits $150,000 to Fostering Entrepreneurship in Young Children

    The Blackstone Charitable Foundation today announced that it has approved a new $150,000 grant to One Hen Inc., a nonprofit that introduces young children to the principles of entrepreneurship. One Hen plans to use the new Blackstone grant to aggressively expand its program to impact more economically challenged regions across the US. The grant will help One Hen digitize its platform, providing more children with interactive curricula and tools to learn the basic skills to succeed as an entrepreneur, and to launch and grow a business. Blackstone's funding of the new One Hen digital platform will extend the One Hen Academy student pilot to over 4,000 students annually as well as provide free global access to One Hen's online activities, lessons and games featuring micro entrepreneurs from around the world.
  • Aug 07, 2012

    Blackstone's Equity Healthcare is Among the Few Companies to Qualify for DMPC's Gold Standard Listing

    An independent, third-party audit conducted by Al Lewis, Executive Director of the Disease Management Purchasing Consortium (DMPC) and a respected healthcare authority, has named Equity Healthcare as one of only six vendors to validly measure healthcare outcomes.
  • Aug 06, 2012

    Ohio's Kent State University Praises Blackstone LaunchPad

    The Blackstone Launchpad program is a program that is meant to teach students how to use their ideas and turn them into successful business ideas. The office, located in the Student Center lobby, connects students with mentors, experts and resources to get their ideas off the ground. Photo by Matt Hafley.
  • Aug 06, 2012

    Blackstone's Hedge Fund Solutions Group Profiled in Hedge Funds Review

    Blackstone’s Hedge Fund Solutions (BAAM) group was profiled in Hedge Funds Review, which interviewed Blackstone’s Tom Hill about the Group’s approach and what sets them apart from competitors.
  • Aug 06, 2012

    Blackstone's Tony James Discusses the Need for Pension Plans to Increase Returns Through Greater Allocations to Alternative Investments

    With interest rates in the largest economies around the world that are negative in real terms, and equity markets that are anemic and volatile, investors have never needed alternative investment products more than they do today. If our nation is going to be able to provide for its future, pension funds and other institutional investors must earn more than they can get in public markets. And they must do so on a scale large enough to move the return materially on hundreds of billions of dollars. I believe that only alternative investments can fill this need. Indeed, I don't think the US pension system can come close to being solvent without having major investments in alternative assets.
  • Aug 02, 2012

    Harvard Business Review Praises Blackstone LaunchPad Model

    In a recent Harvard Business Review article, Carl Schramm, former CEO of the Kauffman Foundation and author of Better Capitalism, lauded LaunchPad as one of two entrepreneurship programs in the nation that “show what does work”. “Entrepreneurs…make innovation real. If their ranks are too thin, it is a failure of society,” Schramm wrote. LaunchPad was founded at the University of Miami before Blackstone agreed to replicate the model at schools in Michigan and Ohio. As part of the White House’s Startup America Initiative, Blackstone will be replicating it at more regions around the United States. In Miami alone, LaunchPad has generated over 85 new companies, mimicking the entrepreneurial and forward-thinking ideals of Blackstone.
  • Aug 01, 2012

    U.S. State Pension Plans Realize Better Returns with Larger Alternative Investment Allocations

    A Pensions & Investments article from July 9, 2012, underscored the challenges facing U.S. state pension plans and the better returns realized by those with higher allocations to alternative investments. Cliffwater LLC completed a 10-year analysis of 96 state pension plans finding that those with greater alternative investment allocation realized annual returns of four to seven percent. View full article here.
  • Jul 12, 2012

    New York Times Features Blackstone Portfolio Operations Team

    Today, the New York Times featured Blackstone’s Portfolio Operations team in “Private Equity Giants Use Size to Lean on Suppliers”. The article underscored how Blackstone implements strategies such as group purchasing programs to help its portfolio streamline operations and cut costs.
  • Jul 09, 2012

    Property Week – Top Ten Deals of The Downturn

    In the poll, Blackstone took the number 1 and number 10 spot in the publication’s “Top ten deals of the downturn”. The two deals singled out included our 50% stake in Broadgate (1) and the purchase of Chiswick Park (10).
  • Jun 22, 2012

    Blackstone Vice Chairman Byron Wien Projects Growth in Japan's Economy

    In an interview with Japan’s Nikkei Veritas, Blackstone’s Byron Wien discussed his views on the U.S. and Japanese economy.
  • Jun 21, 2012

    Blackstone Ranked as Top Fundraiser for City Harvest's Skip Lunch Fight Hunger Campaign

    For the 7th year in a row, Blackstone joined City Harvest to combat hunger in New York City, raising a total of $57,886 for the ‘Skip Lunch Fight Hunger’ campaign. Blackstone more than doubled its contributions from last year and ranked #1 among the 200 teams who participated in the City Harvest campaign. The Blackstone Charitable Foundation matched dollar-for-dollar donations from employees helping Blackstone reach and surpass its contribution goals.
  • Jun 15, 2012

    John Studzinski Discusses Blackstone Advisory Partners, and His Thoughts on M&A Outlook for the Rest of 2012

    John Studzinski is interviewed on how Blackstone Advisory Partners has evolved since its inception, and what he expects to see in the second half of 2012.
  • May 18, 2012

    Blackstone’s SeaWorld Announces Opening of Aquatica San Antonio

    SeaWorld, a Blackstone portfolio company, today announced the opening of its newest waterpark, Aquatica San Antonio, in Texas. Construction of Aquatica San Antonio began in May 2011 and it is the single largest investment the company has made since 1988.
  • May 16, 2012

    New Faces, Old Themes: in Technology, Long-term Earnings Growth is Still the Key Determinant of Value

    My colleagues and I in Blackstone’s Technology Advisory group recently hosted a series of dinners in San Francisco and New York to discuss the trends du jour with many of the thought leaders in the tech sector. Invariably, given all of the excitement around the Facebook IPO, much of the discussion ended up focusing on this topic. Facebook’s IPO, the third largest in U.S. history behind Visa and GM, is certainly cause for much discussion. Here we have a company with $3.7 billion in revenues that last traded in the private markets at a valuation north of $100 billion. That implies a trailing revenue multiple of over 27x, for those doing the math. As such, Facebook, at eight years old, has eclipsed the valuation of such venerable U.S. brands as McDonald’s, Caterpillar, Boeing, American Express, and Amazon, and at pricing is expected to have a valuation higher than Dell, HP, and Adobe, combined.
  • Apr 24, 2012

    Blackstone's Ken Allen Reacts to DG's Acquisition of Semantic Technology Firm, Peer39

    Yesterday TV and online ad platform DG announced the acquisition of semantic technology firm, Peer39. AdExchanger asked Ken Allen, Director, Head of Digital Media and Internet Advisory with Blackstone Advisory Partners, LP, his reaction to the deal and the opportunity with digital ad, targeting data. The article can be found here.
  • Mar 29, 2012

    Blackstone President Tony James Discusses Investment Opportunities with the Financial Times

    In an interview with Financial Times Correspondent Henny Sender, Blackstone President Tony James discusses the importance of safeguarding returns for pension funds, and opportunities in the real estate and energy markets.
  • Mar 26, 2012

    Rescuing America’s Industrial Base

    At a time when much of America’s industrial base is struggling to survive, Blackstone was able to help reopen a shuttered refinery in Delaware City, which was shut down by a previous owner in 2009. Blackstone and its partners provided the capital and operational expertise to restart the refinery, implement a complete turnaround of the facility, save and create thousands of jobs, and ultimately impact the economic health of the surrounding community. This is an example of the positive impact private capital can and should have on restarting America's industrial base.
  • Mar 08, 2012

    Blackstone’s GSO Partners with Native Alaskan Corporation to Acquire GIS

    In early 2011, a bulge bracket bank had fully committed to finance a $435 million loan to NANA Development Corporation (NDC). Proceeds from the transaction were expected to fund the company’s acquisition of Grand Isle Shipyard (GIS), one of the largest oilfield services businesses in the Gulf of Mexico, and to repay existing debt. By June 2011, amid the burgeoning panic surrounding the European fiscal situation, the loan faced unclear prospects of syndication, resulting in a potentially large concentration of risk on the bank’s balance sheet. The bank contacted Blackstone’s Credit Business, GSO Capital Partners, to assist in the restructuring of the transaction, which would facilitate GSO’s funding of a substantial portion of the commitment.