Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Tuesday, March 11, 2008

Private Equity on the Skids

The reversals of fortune for private equity firm continue to confound, as The Blackstone Group (which, you will remember went public just last year)announced an 89% earnings drop for the last quarter in 2007 and Carlyle Capital may be close to insolvency.  NYTimes, Buyout Industry Staggers Under Weight of Debt . However, Blackstone's Steven A. Schwarzman still has $100 million to give to the New York Public Library in exchange for naming rights.  NYTimes, A $100 Million Donation to the N.Y. Public Library.

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