Stephen Schwarzman, CEO and co-founder of Blackstone at the 2012 Tsinghua Management Global Forum

Private Equity
by trusted insight posted 8years ago 401 views
"Any instability in China ripples through the world, and China clearly has slowed," says Schwarzman, citing IMF fgures. He should know: Blackstone has some US$200 billion of assets under management, employs 7,000 people and owns major world real estate, having closed what's called the "largest opportunistic real estate fund ever", worth a record US$13.3 billion just days before the Tsinghua conference.