The story of Blackstone
American alternative asset manager founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson.
1985 –
Blackstone. American alternative asset manager founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson.
1985
Peter G. Peterson founded Blackstone. Co-founder. Stephen A. Schwarzman founded Blackstone. Co-founder.
1988
Blackstone invested in Blackstone Financial Management.
Schwarzman’s own account. Bloomberg, citing King of Capital, describes the capital as a $5 million credit line.
1988–1994: Blackstone owns a stake in Blackstone Financial Management. 50%, as of 1988.
Blackstone took the stake for a $5 million credit line, per King of Capital as reported by Bloomberg. Its share fell to about 40% by 1989 and about 35% by 1992; Blackstone says it sold its interest in 1994.
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Drawn from the sourced links on Blackstone. Change a link and this story changes with it.