Blackstone’s James says capital is difficult to raise

first_img Show Comments ▼ KCS-content TONY James, president of US private equity business Blackstone Group, said yesterday there isn’t enough capital available from investors to fund all the opportunities he sees in the market.“In 2005 and 2006, if you put it out well, you could raise as much as you could invest,” James, 59, said at the Bloomberg Dealmakers Summit in New York. He added: “That’s no longer the case.”Blackstone, the world’s biggest private-equity firm, has raised $13.5bn (£8.6bn) for its sixth buyout fund, 40 per cent less than it gathered for its previous pool. In the past year, the company has sold $1bn of debt to fund acquisitions and hire teams to diversify to offset a decline in buyouts. Its largest unit runs fund of hedge funds and credit investing, with $52.4bn of assets. “The economics are not going to be attractive for a few years,” James said. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Thursday 30 September 2010 10:28 pm Tags: NULL whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp Blackstone’s James says capital is difficult to raise Share last_img read more

Continue reading