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Posted on: March 7, 2019, 7:01 a.m.
Blackstone’s Strategic Capital Group invested an undisclosed amount for a minority stake. : Blackstone’s hedge fund business has bought a minority stake in middle-market alternative asset manager GI Partners for an undisclosed sum. GI Partners said the undisclosed stake was acquired by Blackstone’s Strategic Capital Group, a vehicle managed by Blackstone Alternative Asset Management (BAAM) that specialises in acquiring long-term interests in alternative managers. The investment provides GI Partners with balance sheet capital to reinvest in the business and engage ... Full investment news articleRelevent to this post: GI Partners Louisiana Economic Development,