Blackstone Group LP President Tony James is reducing his stake in the private-equity firm he helped build into the world’s largest manager of alternative assets over the past 11 years.
A year after the financial crisis subsided, the $2.5 trillion private-equity industry is finding the easy money may be gone.
David Blitzer had his eye on Addy Loudiadis’s business at Goldman Sachs Group Inc. for years.
"I did not even know they were in the real estate business."
- Tony James on Dec 08, 2014