Asset Management M&A » By The Online Investor Staff, updated Fri., Apr. 26, 7:54 PM
Recent mergers and acquisitions in the Asset Management M&A category.
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Slide #26. Blackstone — Strategic Partners from Credit Suisse
Acquirer:
Blackstone (NYSE:BX)
Acquiree:
Strategic Partners from Credit Suisse
Details:
Blackstone (NYSE:BX) and Credit Suisse today announced that Blackstone had closed on its acquisition of Strategic Partners from Credit Suisse. Strategic Partners is a secondary private fund of funds business, with $10 billion in assets under management.
Blackstone is a holding company. Through its subsidiaries, Co. is an investment firm. Co.'s asset management businesses include investment vehicles.Co.'s business is organized into four segments: Real Estate, which comprises its management of opportunistic real estate funds, Core+ real estate funds, high-yield real estate debt funds, liquid real estate debt funds; Private Equity, which includes its corporate private equity business; Hedge Fund Solutions, which include GP Stakes Business; and Credit and Insurance, which consists principally of Blackstone Credit, which is organized into two overarching strategies: private credit and liquid credit.
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