Blackstone-owned PGI Specialty Materials files for IPO

Blackstone Group LP‘s (BX.N: Quote, Profile, Research, Stock Buzz) PGI Specialty Materials Inc, which makes materials that are used in products ranging from diapers to disinfectant wipes, filed with U.S. regulators for an initial public offering of common stock, Reuters News reported.

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Apollo in the lead to acquire Protection 1 — Reuters News

Private equity firm Apollo Global Management LLC (APO.N: Quote, Profile,Research, Stock Buzz) is in advanced talks to acquire Protection 1 in a deal that could value the U.S. home security company at close to $1.5 billion, including debt, sources told Reuters News.

Tony James, President of the Blackstone Group, speaks during the Reuters Investment Banking Summit in New York
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Tony James looks beyond Blackstone: Reuters

Blackstone Group LP’s No. 2 executive Tony James is considering taking a role outside the world’s largest alternative asset manager, including seeking a top job in a future U.S. government, Reuters is reporting.

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Forbes Private Capital hires former Blackstone, Fortress fundraiser

Forbes Private Capital Group has hired former Blackstone Group and Fortress Investment Group fundraiser Laura Hill as a director in the New York office. Hill will cover institutional and family office investors in the Western U.S. and select clients in other North American geographies. Most recently, Hill worked as a director of corporate affairs at the Council of Foreign Relations. Previously, she was a director at Fortress in the capital formation group, and prior to that she worked at Blackstone as a director in the private equity fundraising group.

Tony James Blackstone LPGP Day1 4x6
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Blackstone to spin off financial advisory business: Updated

(Reuters) – Blackstone Group LP said on Friday it would spin off its M&A, restructuring and private equity fundraising advisory businesses and combine them with the M&A advisory firm of Morgan Stanley veteran Paul Taubman, in a move to avoid conflicts.

investors
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Private equity fundraising platform targets individual investors

iCapital Network, an online private equity fundraising platform backed by a consortium that includes Credit Suisse Group AG and Blackstone Group LP, officially launched on Wednesday, seeking to tap demand among individual investors, according to sister news service Reuters.

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