Blackstone posted a loss of $1.16bn for 2008 and marked down private equity and real estate holdings by 20 to 30 per cent, on top of earlier writedowns. Heavily indebted holdings such as Hilton Hotels and Freescale Semiconductor will struggle to service debts. Likewise, KKR's European listed vehicle also saw nothing but red ink. It slashed valuations by 48 per cent as companies such as First Data, Alliance Boots and ProSiebenSat struggled. The picture will be the same for many deals done by still private competitors, particularly the most aggressive 2006 and 2007 vintage.
百仕通2008年录得亏损11.6亿美元，并在先前减记的基础上，将其所持私人股本和房地产股权进一步减记20%至30%。为持有希尔顿酒店(Hilton Hotels)和飞思卡尔半导体(Freescale Semiconductor)的股权，它借入了高额债务，在偿还上将十分艰难。同样，KKR的欧洲上市公司也面临着亏损局面。由于First Data、Alliance Boots和ProSiebenSat等公司均在困境中挣扎，该公司股价下跌了48%。那些未上市私人股本公司完成的很多交易，特别是在最疯狂的2006年、2007年完成的交易，也都落得了相同的命运。