Blackstone reports Q1 AUM of $310.45 mln

The Blackstone Group reported $1.6 billion in first quarter economic net income, or $1.37 per unit, up 99 percent from $813.9 million in economic net income, or 70 cents per unit, for the same time period in 2014. Total revenue surged 66 percent to $2.5 billion in first quarter from $1.5 billion in first quarter 2014. Blackstone’s total assets under management rose 14 percent to $310.45 million, the release said.

Comprador takes over Blackstone Advisory Partners Asia

The Blackstone Group said Wednesday it has transferred its Hong Kong based M&A advisory business to Comprador Limited. Anthony J. Steains, who headed Blackstone Advisory Partners Asia, is leading Comprador, which will be based in Hong Kong. Steains is Chairman and CEO of Comprador.

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.

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