Blackstone Group LP’s Stephen Schwarzman said his firm is planning a mutual fund-type offering as the world’s biggest alternative-asset manager joins firms from Carlyle Group LP to KKR & Co. in efforts to attract individual investors.
Blackstone Group LP is considering an initial public offering of its Brixmor Property Group shopping- center unit by year’s end, taking advantage of a stock-market rally as it starts to sell real estate assets.
Blackstone Group LP, the world’s biggest private-equity firm by assets, and Prologis Inc. agreed to buy a portfolio of 17 million square feet (1.6 million square meters) of warehouses for about $960 million, said two people with knowledge of the agreement.
Blackstone Group LP, the world’s largest private-equity firm, is taking aim at the $5.4 trillion of cash on corporate balance sheets in the U.S. and Europe as regulators weigh changes that may reduce the appeal of money- market funds.
Blackstone Group LP plans to sell 23.4 million shares of General Growth Properties Inc., exiting its investment in the second-biggest U.S. mall owner after helping the company emerge from bankruptcy in 2010.
Dell Inc. founder Michael Dell will only consider backing a buyout by Blackstone Group LP if the private-equity firm guarantees he can remain as chief executive officer, according to a person familiar with the discussions.