Alternative asset management is the fastest growing field in the asset management industry, and Blackstone Group is one of the largest independent alternative asset management companies in the world.
Since entering the field of asset management 20 years ago, Blackstone Group has raised about 61400 million US dollars, mainly distributed in private equity funds, real estate investment funds, mezzanine funds and senior bond funds. As of May 2007, it also managed hedge funds, self-operated hedge funds and closed-end funds with assets of $25.4 billion.
Since it entered the business from 65438 to 0987, Blackstone Group has become one of the largest private equity fund companies in the world. By May, 2007, the Group had conducted 112 transactions through its private equity fund, with a total investment of $21400 million and a total enterprise value of about 199 million. There are 265,438+04 transactions through its real estate investment fund, with a total investment of $654.38+0.33 billion, and the total value of enterprises exceeds $654.38+0.22 billion.
Corporate private equity fund and two real estate investment funds are the largest funds in their respective fields. As of May, 2007, 1, the accumulated investment scale reached196 million USD and 7.2 billion USD respectively.
During the 20 years of asset management activities, Blackstone Group has established long-term relationships with many large institutional investors around the world, who invest in different types of investment funds.
For many years, the management of Blackstone Group has paid attention to the best long-term business and investment effect, rather than the influence of short-term income, net income and cash flow, in the process of entering and establishing various businesses and deciding what to invest in its investment funds. As a company about to go public, Blackstone Group will stick to its long-term growth goals.
The idea of China government's shareholding in Blackstone mainly comes from Liang Jinsong. Less than half a year after Liang Jinsong became the chairman of Blackstone Group in China, he successfully introduced the planned national foreign exchange investment company to take a 9.9% stake, making the former Hong Kong-made financial secretary once again the focus of the capital market. Although Blackstone hired Liang Jinsong as the chairman of China District, I believe it did not consider the possibility of introducing a national foreign exchange investment company, and this historic transaction proves Liang Jinsong's strong interpersonal relationship. According to authoritative sources, the idea of China government taking a stake in Blackstone through an investment company mainly came from Liang Jinsong, and the negotiations between the two sides only lasted for three weeks, which can be said to be surprisingly rapid. The source explained that the 4.5% discount for investment companies is also the result of negotiations. Because Blackstone issues shares, it is impossible to give too many discounts to individual investors. Some sources also pointed out that Liang Jinsong attached great importance to this transaction, flew to Beijing a week before signing the contract to prepare for the signing work, and changed hotels several times to avoid exposing his whereabouts in case this historic transaction went wrong. At the same time, this business also shows Liang Feifan's "imagination".
20 14 10 10, Blackstone group announced that it planned to split its consulting business, including mergers and acquisitions, debt restructuring and financing consulting business, merge it with PJT Partners, and publicly list the merged company.