This IPO in and was worth $4 Billion. The IPO Prospectus includes all the relevant information for the IPO. Condition is very good, age: , approx Blackstone sold million of its new units to a small army of underwriters — 17 were named in the latest prospectus — raising $ billion. The KIIDs can be obtained on the website For the factors set out in the section of the Prospectus entitled “Risk Factors”. In view of.
|Published (Last):||21 April 2006|
|PDF File Size:||1.82 Mb|
|ePub File Size:||2.57 Mb|
|Price:||Free* [*Free Regsitration Required]|
We believe our scaled, diversified businesses, coupled with our long track record of investment performance, proven investment approach and prsopectus client relationships, position us to continue to perform well in a variety of market conditions, expand our assets under management and add complementary businesses.
blackstone group lp
In addition, we believe our financial advisory segment further increases the diversification of our business mix. Raising funds through a public offering allows Blackstone quick and steady access to money they would otherwise have to raise privately.
We believe that the strength of our relationships with investment banking firms, other financial intermediaries and leading corporations and corporate executives provides us with competitive advantages in identifying transactions, securing investment opportunities and generating exceptional returns.
Such a failure to accommodate growth, or an increase in costs related to such information systems, could have a proepectus adverse effect on us. Our assets under management equal the sum of: We are subject to regulation, including periodic examinations, by governmental and self-regulatory organizations in the jurisdictions in which we operate around the world.
Changes in tax law and other legislative or regulatory changes could adversely affect us.
blackstone group lp Archives – Prospectus
The sale of non-voting common units to the State Investment Company is subject to, and will close concurrently with, the completion of this offering. We believe that our strong network of investor relationships, together with our long-term track record of providing investors in our funds with superior risk-adjusted investment returns, will enable us to continue to grow our assets under management across our investment platform.
Each of the Blackstone Holdings partnerships will have an identical number of partnership units outstanding. In addition to having a significant negative impact on our revenue, net income and cash flow, the occurrence of such an event with respect to any of our investment funds would likely result in significant reputational damage to us.
We depend on the efforts, skill, reputations and business contacts of our founders, Messrs. Because our revenue, net income and cash flow can be highly variable from quarter to quarter and year to year, we plan not to provide any guidance regarding our expected quarterly and annual operating results.
Our organizational documents and agreements permit our general partner to modify our amended and restated limited partnership agreement from time to time, without the consent of the common unitholders, to address certain changes in U.
We have an exceptional record of generating attractive risk-adjusted returns across our asset management businesses, as shown in the table below. Since our firm’s founding inStephen Pros;ectus.
Finally, the applicable funds would ipi to exist. If the underwriters exercise in full their option to purchase additional common units, immediately following this offering, investors in blackstnoe offering will own State Investment Company is subject to, and will close concurrently with, the completion of this offering. Investors in this prosectus will become limited partners of The Blackstone Group L.
Poor performance of our investment funds could make it more difficult for us to raise new capital. The time and attention that our senior managing directors and other employees devote to assets that are not being contributed to Blackstone Holdings will not financially benefit us and may reduce the time and attention these individuals devote to our business. For example, members of the United States Congress may be considering legislative proposals to treat a blackkstone of carried interest as ordinary income for U.
We believe that our ability to identify and successfully enter new growth areas is a key competitive advantage, and we will continue to seek new opportunities to expand our asset management franchise and our advisory business. Congress to treat carried interest as ordinary income rather than as capital gain for U.
UPDATE 3-Blackstone Group files for $4 billion IPO
However, we anticipate that our debt-to-equity ratio will eventually rise to levels in the range of 3: James serves as our President and Chief Operating Officer, oversees our corporate private equity operation directly and, along with Mr.
Our business often requires that we deal with confidential matters of great significance to companies in which we may invest or prospectuz financial advisory clients. In the event of a market downturn, each of our businesses could be affected in different ways. We believe that our senior management and our talented and experienced professionals are the principal reason why we have achieved significant growth and success in all of our businesses.
Our Park Hill Group business further enables us to grow our investor base. Our calculation of assets under management may differ from the calculations of other asset managers and as a result this measure may not be comparable to similar measures presented by other asset managers. Management with a Long-Term Perspective. Company News and Press Releases.
We intend to maintain this long-term focus after we become a public company even though this approach, together with the fact that our financial results will be significantly affected by the timing of new investments and realizations of gains, may result in significant and unpredictable variances in these items from quarter to quarter.
Members of the United States Congress have introduced legislation that would, if enacted, preclude us from qualifying for treatment as a partnership for U. Although our general partner has no business activities other than the management of our business, conflicts of interest may arise in the future between us and our common unitholders, on the one hand, and our general partner and its affiliates, on the other.
Our hedge funds, many of the hedge funds in which our funds of hedge funds invest and our mezzanine funds and senior debt vehicles may choose to use leverage as part of their respective investment programs and regularly borrow a substantial amount of their capital. Blackstone Group is considered our predecessor for accounting purposes, and its combined financial statements will be our historical financial statements following this offering.
Confidence in the reliability of our financial statements could also suffer if our independent registered public accounting firm were to report a material weakness in our internal controls over financial reporting.
We have been one of the largest private equity fund managers since we entered this business in Under the bill, the exception from corporate treatment for a publicly traded partnership does not apply to any partnership that, directly or indirectly, has any item of income or gain including capital gains or dividendsthe rights to which are derived from services provided by any person as an investment adviser, as defined in the Investment Advisers Act ofor as a person associated with an investment adviser, as defined in that Act.
Such variability may lead to volatility in the trading price of our common units and cause our results for a particular period not to be indicative of our performance in a future period.
This team is supported by approximately other professionals with a variety of backgrounds in investment banking, leveraged finance, private equity, real estate and other disciplines.
The incentive fees we earn are therefore dependent on the net asset value of the hedge fund, which could lead to significant volatility in our quarterly results.