Category Archives: private equity

The Blackstone IPO, Net Worth Edition

How did Steve Schwarzman end up with so much more of Blackstone
Group than Pete Peterson?
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Can Bondholders Make a Profit When a Company Defaults?

Trying to explain record-tight bond spreads.
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Reasons why the Private Equity Boom Might Not Be at an End

Private-equity principals say that deals might slow down from here. They would.
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Private Equity Stumbles in Banking Arena

Bank regulators want to know a lot of information about the owners of the banks they regulate, especially if those owners are foreign.
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On the Edge of Efficient Markets

The Epicurean Dealmaker
is on a roll.
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Unions Cheer Private Equity Takeover of Chrysler

What’s with this new-found love affair between the auto unions and private
equity? The main auto unions in the US, Germany and Canada all can’t seem to
say enough good things about the $7.4 billion deal wherein Cerberus
is buying Chrysler
.
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In Favor of a Private Equity Income Tax

The arguments against applying income tax to the income of private-equity principals are weak indeed.
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Carlyle Group Tops Private Equity Table

Carlyle Group, KKR, Goldman Sachs, and Blackstone Group all raised $30 billion or so over the past five years.
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Private Equity Quotables

Quotes from David Rubenstein, Thomas Lee, David Bonderman, and Leon Black.
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Buy Canada!

Why to invest in that oft-forgotten country to the north.
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Sallie Forth to a BB Rating

In 1997, Sallie Mae was a government agency with a triple-A rating. Five years later, it was down to single-A. Five years after that, it’s likely to be down to BBB at the highest. That’s progress, that is.
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FS vs GS in the ES

The only thing better than writing blog entries about how Goldman Sachs should be taken private? Having a journalist from the London Evening Standard phone up a Goldman flack and ask for a response.
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