Blackstone is preparing to take a series of long-held investments public as the world’s largest private capital group uses buoyant markets as an opportunity to exit a stockpile of ageing buyouts.
Jonathan Gray, president of Blackstone, told the FT in an interview that the group, which has $1.3tn in assets, had lined up “one of our largest IPO pipelines in history” as a way to exit successful deals and return cash to clients.
“The markets have got liquid enough and receptive enough to take our companies public,” said Gray. “The deal environment feels like it has hit escape velocity.”
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