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Is Blackstone To Blame?

By Dan Primack — 12 years ago

There’s been a lot made of how Steve Schwarzman kept an unusually low profile today, even though his firm just priced the largest IPO in five years. Some think he’s just watching QVC and waiting for an item worth $7 billion. Or perhaps flipping through his autographed copy of Holly Peterson’s The Manny. But I […]

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Where Are All The Women, Minorities?

By David M. Toll — 12 years ago

Why don’t more women and African-Americans work in the buyout business? Based on my knowledge of industry demographics I’d estimate that at least 500 buyout firms operate in the United States, employing well over 5,000 investment professionals. I don’t know any sure way of getting to the percentage of women and African-Americans. But 10 years […]

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Blackstone Briefing

By Dan Primack — 12 years ago

In case you’ve been in solitary confinement for the past 18 hours, The Blackstone Group last night priced its landmark IPO at the high end of its range. It sold 133.3 million units at $31 per share, for a $4.13 billion IPO take that values Blackstone at nearly $33.5 billion. It also shot up nearly […]

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Blackstone Hysteria

By Dan Primack — 12 years ago

Update: Blackstone has priced its IPO at the high end of its proposed range. The firm sold 133.3 million units at $31 per share ($29-$31 range), for an IPO take of $4.13 billion. It is the largest U.S. IPO since CIT Group went public in July 2002, although less than the $5 billion KKR raised for […]

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Tax Talk with Mark Heesen

By Dan Primack — 12 years ago

As expected, the so-called Blackstone Bill may have just been an opening salvo in Congress’ attempt to shake more tax revenue from the private equity tree. The New York Times is reporting that legislators may soon introduce a bill that changes the tax classification of carried interest from capital gains to ordinary income. This would […]

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5 Reasons to NOT Change Carried Interest Tax

By Jason Klein — 12 years ago

There are several problems with raising the Carried Interest Tax: 1. Ultimately, this tax will be borne by many middle-class folks, as is usually the case with raising taxes. As long as there is a favorable capital gains treatment, financiers who are in the business of making capital gains will find a way to get […]

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The Tax Man Cometh: Carried Interest, Risk, Fees, and Taxes

By Bill Burnham — 12 years ago

This is the first in a series of Vox Populi posts on the carried interest taxation issue. It first appeared on Bill’s blog.   So there’s a move afoot by some within Congress to tax all carried interest as ordinary income instead of capital gains. In case you aren’t familiar with the term, carried interest is the […]

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Treasury Takeaways

By Amanda Palmer — 12 years ago

Yesterday I spent three and a half hours in The Treasury Select Committee listening to Union Leaders and then Dominic Murphy of KKR, Philip Yea of 3i, Damon Buffini of Premira and Robert Easton of the Carlyle group give evidence. David Blitzer of Blackstone was also called before the Committee but sent a letter in […]

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Jurvy Dumps Natalie Portman

By Lawrence Aragon — 12 years ago

There is a bit of a mystery with VC/shutterbug Steve Jurvetson’s Flickr account. What happened to his photo of Tim Draper holding up Natalie Portman? My colleague Alex Haislip first brought you the photo on May 8. We sent Steve multiple emails to get his OK to run the photo in Venture Capital Journal, but […]

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A Mid-Market Trade Group?

By Dan Primack — 12 years ago

As the British private equity fight rages on, one interesting subplot involves a possible breakup of the British Venture Capital Association. Specifically, the group’s majority (VCs and small/mid-sized buyout firms) are upset that the group’s minority (large/mega buyout firms) is dictating policy. And the former may soon make a clean break from the latter. What’s […]

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Ridgelift Returns to Earth

By Dan Primack — 12 years ago

Updated Ridgelift Ventures is shutting down, after a fruitless year spent marketing its debut fund. The Woodside, Calif.-based firm was formed around 14 months ago by former USVP partner Stu Phillips and former Idealab managing director Robert Goldberg. The pair originally met seven years earlier, when Phillips led a USVP investment in browser add-on company […]

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California is to France, what New York Is To…

By Dan Primack — 12 years ago

StrangeMaps has put together a fascinating map of how GDPs of certain states match up to GDPs of foreign countries. California is comperable to France, although actually lags slightly behind. Texas=Canada. Massachusetts=Belgium. Tennessee=Saudi Arabia…  

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Defending the Indefensible: Permira, KKR, 3i, Carlyle and Blackstone

By Amanda Palmer — 12 years ago

Today I will be reporting live-ish from the Treasury Select Committee, part of the UK parliament, as Damon Buffini, managing partner of Premira, Dominic Murphy, partner at KKR, Philip Yea, chief executive of 3i, Robert Easton, managing director of the Carlyle Group and David Blitzer, senior managing partner of Blackstone attempt to defend what the […]

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Hambrecht Exploring New Opportunities

By Alastair Goldfisher — 12 years ago

While Bill Hambrecht is trying to launch a new football league, with the financial backing of Google exec Tim Armstrong and Internet billionaire turned basketball team owner Mark Cuban, his prodigy Bob Hambrecht has his eye on cleantech. The younger Hambrecht has seen his last day at W.R. Hambrecht + Co., the San Francisco-based financial […]

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The Road Less Traveled

12 years ago

Summer is an interesting time in the recruiting cycle. Newly minted MBA’s are looking forward to their new careers. Summer interns bring their fresh, eager faces and enthusiasm to offices across the country. Even senior-level candidates are still actively looking for their next opportunity, because we’re not so far yet into the year that leaving a […]

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Self-Promotion Alert

By Dan Primack — 12 years ago

I’ll be on CNBC’s Squawk Box program tomorrow morning at 6:20am, to discuss recent turmoil in the UK private equity market. We’ll chat about last week’s resignation of BVCA president Peter Linthwaite, tomorrow’s expected Treasury committee grilling of LBO bosses like Permira’s Damon Buffini and what all this may mean for the U.S. market. Oh, […]

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