Large US private equity firm to establish presence in Australia 1 June 2010 The New York-based, The Blackstone Group, one of the world’s largest private equity firms, is to formally establish a presence in Sydney, Australia. In a report from Reuters, Philip Levinson, Blackstone’s Managing Director Australia, said: “We are establishing a presence here to integrate the firm into the local business community, seeking opportunities to invest and to raise capital. As of March 31, 2010, The Blackstone Group had total fee-earning assets under management of US$98.1 billion, including in private equity, real estate, credit vehicles and hedge funds. Blackstone also provides financial services advisory services including acquisitions, mergers,
joint ventures, divestitures, takeover defenses, and restructuring and reorganisation activities. The Group currently has a staff of 1,300 professionals in 17 offices around the world. More information |