Blackstone Blog

  • Sep 29, 2011

    Online Video: The Media Industry’s New Frontier

    The following interview was conducted with Ken Allen, a Vice President in Blackstone’s Advisory Practice, who leads Blackstone’s coverage of the Digital Media sector.
  • Sep 27, 2011

    Tony James’ Top Four Reasons Why Private Equity is Critical to Economic Recovery

    In a CNBC interview on September 22nd, Blackstone’s President, Tony James, said there are four primary reasons why private equity serves as an engine of economic growth. Because of time, he was only able to share the first two. We have received many requests for Tony’s “Top Four”, so here they are.
  • Sep 15, 2011

    Blackstone Senior Managing Director Ivan Brockman on how Blackstone is Supporting Technology Innovation at Portfolio and Client Companies

    Silicon Valley is a truly unique ecosystem of technology innovation, and we’re eager to show our continued support through our inaugural Technology Forum. Blackstone’s Technology Advisory team works with executives from leading companies across the technology landscape. At the same time, our portfolio companies realize that technology investments are a key driver of growth and operational improvements. The Technology Forum is an opportunity for Blackstone to showcase propriety resources across the firm including our Operating Partners, CIO network, Advisory Group and client network to create an interesting environment for collaboration.
  • Sep 12, 2011

    An Olive Branch to Obama: I will Share the Pain - By Steve Schwarzman

    President Barack Obama’s unusual address on America‘s economic woes to a joint session of Congress is vivid evidence of the problems we face. Growth in the first half of 2011 has almost stalled and we could slip into another recession. If that happens, the pain could last far longer than in the prior downturn because many weapons used then are no longer available. The Federal Reserve has exhausted its conventional resources and another huge stimulus package is politically unachievable. For the first time in my 40-year career in finance, I am genuinely concerned by our long-term economic prospects.
  • Aug 15, 2011

    Blackstone Employees Partner with First Day New York to Sponsor 150 Students

    A tradition that started in Blackstone's Hedge Fund Solutions Group (BAAM) four years ago was extended to the entire firm this year with great success. Blackstone employees across all business units partnered with First Day New York to sponsor 150 New York City students with backpacks, first day of school outfits and school supplies. BAAM sponsored 20 students in their first year, and with the support of the entire firm, that number has grown significantly to 150. According to First Day New York, Blackstone remains the leading sponsor for providing backpacks to at-risk children living in New York City.
  • Jul 14, 2011

    Over 300 Student Entrepreneurs Enroll in Blackstone LaunchPad Program in Michigan in Inaugural Year

    Within the first nine months of implementation, The Blackstone Launchpad program has enrolled more than 300 students and has created a network of 30 coaches to support, guide, and encourage budding entrepreneurs. Of those 300 students, 110 have completed initial venture proposals. Modeled after the successful LaunchPad program at the University of Miami, The Blackstone Charitable Foundation developed and funded two new LaunchPad programs in Detroit at Wayne State University and Walsh College. The programs started at the schools in September of 2010.
  • Jun 29, 2011

    Blackstone Supports Eagle Scholars

    With continued support from the Blackstone Charitable Foundation, Eagle Academy Scholars pass and excel in the 2011 New York State Regents exams. Since 2009, Blackstone employees have worked with the students, administrators and teachers of Eagle Academy in Brownsville, Brooklyn, a school committed to educating young men from low-income neighborhoods to be “globally conscious and globally competitive.” Our commitment includes mentoring students, teaching weekend classes, and providing professional development training.
  • Jun 28, 2011

    Blackstone Funds Close Large Centro Transaction

    Today, on behalf of our investors, we closed on the $9 billion acquisition of Centro Properties’ U.S. assets and platform. Centro is the second largest owner of community and neighborhood shopping centers in the U.S. and a leader in redevelopment. Assets include 585 community and neighborhood shopping centers and related retail assets with an aggregate of 92.1 million square feet across 39 states.
  • Jun 27, 2011

    A continuation of our discussion with James A. Quella, Head of Blackstone’s North American Portfolio Operations Group

    Let’s start with revenue growth, which can come from competitive pricing, optimizing marketing expenditures, improvements in sales force productivity, and identifying new market segments and revenue sources. There is also a big opportunity to help these organizations expand globally. Growth in developing and emerging markets, where Blackstone already has experience and connections, represents a big growth opportunity in many of these companies.
  • Jun 23, 2011

    Blackstone’s Portfolio Operations Group, co- led by James A. Quella, helped companies in Blackstone’s portfolio weather the economic downturn and emerge stronger players

    In early 2007, we took the position that the economy seemed over heated. We then carefully worked with the management teams of the companies we owned on behalf of investors to prepare for and weather the economic downturn.
  • Jun 22, 2011

    Blackstone Employees Raise Over $932,000 for 2011 United Way Campaign

    Blackstone employees raised more than $932,000 for the 2011 United Way Campaign, bringing the total amount raised by the firm to nearly $4 million since 2001. This year’s record -setting gift was made possible by 100% participation from the firm’s senior managing directors and almost 90% participation from employees in our New York office.
  • Jun 15, 2011

    Blackstone employees race to raise over $1.2 million for the Leukemia and Lymphoma Society

    On June 5th the Blackstone Bike Team completed a 100-mile bike ride around Lake Tahoe in support of the Leukemia and Lymphoma Society. The 2011 Blackstone Bike Team raised $237,000 for the Leukemia and Lymphoma Society (LLS) bringing the total raised by the firm and its employees since 2008 to over $1,200,000. This year, Team Blackstone was once again the #1 corporate fund raising team and the the largest cycling team.
  • Jun 02, 2011

    Response to misleading UK news story about former portfolio company Southern Cross

    A UK news report that appeared on former Blackstone portfolio company Southern Cross was inaccurate and misleading.
  • Apr 25, 2011

    New Jobs for North Carolina

    Today, the Blackstone Foundation announced its most recent endeavor – Blackstone Entrepreneurs Network - a project with the potential to create 17,000 jobs in North Carolina. As part of its $50 million Entrepreneurship Initiative, The Blackstone Charitable Foundation is developing and implementing programs in conjunction with local partners that it hopes will serve as national models for spurring economic growth through entrepreneurship.
  • Mar 31, 2011

    Helping Revitalize the Commercial Real Estate Industry

    With the recent closing of its most recent debt strategies fund, Blackstone Real Estate Debt Strategies (“BREDS”) commitments now total $3.5 billion. Blackstone’s Senior Managing Director and Chief Investment Officer of BREDS, Mike Nash, discusses the success of Blackstone’s real estate debt business and its impact on the commercial real estate industry.
  • Mar 29, 2011

    Blackstone Top Corporate Fundraiser for Team in Training

    Twenty-nine Blackstone colleagues and friends recently ran the New York City Half Marathon as part of the Team in Training program raising money for the Leukemia and Lymphoma Society (LLS). The team is especially pleased to have been recognized as the Top Corporate Fundraising Team, with over $100,000 raised to support LLS's mission to help identify cures for Leukemia, Lymphoma, Hodgkin’s Lymphoma and Myeloma. This is in addition to more than $1 million raised by Blackstone’s overall efforts since 2008.
  • Mar 24, 2011

    Blackstone Continues Up and Running in Japan

    Blackstone’s Tokyo office continues to operate during the difficulties after the earthquake and the tsunami. All Tokyo office employees are in Japan and are at work.
  • Mar 22, 2011

    Has the Perception of Consumer 'Value' Changed?

    Mary Anne Citrino, Senior Managing Director and Head of Blackstone Advisory Partners’ Consumer Advisory Practice, responds to that and more.
  • Mar 01, 2011

    Blackstone honored at the 2011 inMotion Commitment to Justice Awards

    The Blackstone Group received a special honor as the top fundraising team for inMotion’s Story by Story—Climbing to End Domestic Violence! event. A gala ceremony was held on February 8th for inMotion’s Commitment to Justice Awards at New York City’s Lincoln Center.
  • Feb 24, 2011

    Why is refinancing company debt so attractive right now? Blackstone’s Senior Managing Director, Vik Sawhney, answers that question & more

    Q: Vik, since the beginning of this year, Blackstone has executed multiple refinancings on companies owned by the funds that it manages for investors. Why now and why is this a good thing?