WEDNESDAY AUGUST 08
Blackstone Milestone

Blackstone doesn't really do it small. The latest news concerning the company is that they've managed to raise $21.7 billion for the world's biggest private equity fund. Talk about growth: This is more than triple amount they raised five years ago. As Steve Kaplan, a professor at the University of Chicago said, "The credit markets may be shut for now, but they won't be shut forever." Not surprising that Blackstone wouldn't let a little thing like a credit crisis keep it down.

August 2007

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