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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.

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If Blackstone Partners directs us to do so, we will issue special voting units to each of the limited partners of Blackstone Holdings, whereupon each special voting unitholder will be entitled to a number of votes that is equal to the number of vested and unvested Blackstone Holdings partnership units held by such special propectus unitholder on the relevant record date.

Although there are no ceilings on the expenses for which we will reimburse our general partner and its affiliates, the expenses to which they may be entitled to reimbursement from us, such as director fees, are expected to be immaterial.

Unaffiliated third-party transferees of common units from the State Investment Company or blackstnoe affiliates will have the same limited voting rights with respect to such common units as the investors in this offering will have.

There is no guarantee that the non-competition and non-solicitation agreements to which our senior managing directors are subject, together with our other arrangements with them, blackkstone prevent them from leaving.

Since we blackshone founded inwe have cultivated strong relationships with clients in our financial advisory business, where we endeavor to provide objective and insightful solutions and advice that our clients can trust.

blackstone group lp Archives – Prospectus

As a public company, we intend to continue using leverage to create the most efficient capital structure for Blackstone and our public common unitholders. Our businesses have achieved substantial growth, particularly over the past five years, in no small part due to the successful investment performances of our investment funds.

Employee Retirement Income Security Act ofas amended, in conducting our asset management activities. However, those assumptions and conventions may not be in compliance with all aspects of applicable tax lpo. It has been, and remains, a key objective of ours to maximize fee related earnings as such amounts directly affect the profits from the business.

You should rely only on the information contained in this prospectus or in any free writing prospectus we may authorize to be delivered to you. We have made valuation determinations historically without the assistance of an independent valuation firm, although an independent valuation firm will participate in valuation determinations balckstone this offering.

The diagram below depicts our organizational structure immediately following this offering and the sale of non-voting common units to the State Investment Company.

The general partners of certain legacy Blackstone funds that do not have a meaningful amount of unrealized investments and a number of investment vehicles through which our existing owners and other third parties have made commitments to or investments in or alongside of Blackstone’s. If we do not continue to develop and implement the right processes and tools to manage our changing enterprise and nlackstone this culture, our ability to compete successfully and achieve our business objectives could be impaired, which could negatively impact our business, financial condition and results of operations.


The fund may borrow money from time to time to purchase or carry securities. Moreover, we will apply certain assumptions and conventions in an attempt to comply with applicable rules and to report income, gain, deduction, bllackstone and credit to common unitholders in a manner that reflects such common unitholders’ beneficial ownership of partnership items, taking into account variation in ownership interests during each taxable year because of trading activity.

While all of our entities that serve as advisers to our investment funds are already registered with the SEC under the Advisers Act as investment advisers, other new regulations could constrain or otherwise impose burdens on our business.

We have granted the underwriters the right to purchase up to an additional 20, common units to cover over-allotments. However, our partnership agreement does not restrict our ability to take actions that may result in our being treated as an entity taxable as a corporation for U. Investment Company Act ofas amended, or ” Act,” and the U. Also, in the event of insolvency, liquidation, dissolution, reorganization or bankruptcy of a company in which an investment is made, holders of securities ranking senior to our investment would typically be entitled blakcstone receive payment in full before distributions could be made in respect of our investment.

Our partnership agreement also restricts the remedies available to common unitholders for actions that might otherwise constitute breaches of our general partner’s duties including fiduciary duties.

Even if the securities are publicly traded, large holdings of securities can often be disposed of only over a substantial length of time, prospectis the investment returns to risks of downward movement in market prices during the intended disposition period.

Investors in carry funds might decline to invest in future investment funds we raise and investors in hedge funds or other investment funds might withdraw their investments as a result of poor performance of the investment funds in which they are invested.

In addition, we operate in businesses that are highly dependent on information systems and technology. 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 pio items from quarter to quarter. While the general partners and investment advisers to our investment funds, including their directors, officers, other employees and affiliates, are generally indemnified to the fullest extent permitted by law with respect to their conduct in connection with the management of the business and affairs of our investment funds, such indemnity does not extend to actions determined to prospectu involved fraud, gross negligence, willful misconduct or other similar misconduct.

The violation of these obligations and standards by any of our employees would adversely affect our clients and us. These activity levels may continue but they could decline at any time along with activity levels in any of our other businesses.


blackstone group lp

Accordingly, subsidiaries of Blackstone Holdings will generally be entitled to: Further, they have sent letters to the Secretary of the Blackstonr and the Chairman of the U. Our disaster recovery programs may not be sufficient to mitigate the harm that may result from such blackstonw disaster or disruption. Such a failure to accommodate growth, or an prospechus in costs related to such information systems, could have a material adverse effect on us. Fair values of private investments are determined by reference to public market or private transactions or valuations for comparable companies or assets in the relevant asset class when such amounts are available.

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. We have invested in complementary new areas because they offered opportunities to deploy our financial and intellectual capital and generate superior investment returns, attractive net income margins and substantial cash flow.

We intend to blackatone a portion of the proceeds from this offering and the sale of non-voting common units to the State Investment Company to purchase interests in our business from our existing owners, including members of our senior management.

Treasury Department, frequently resulting in revised interpretations of established concepts, statutory changes, revisions to regulations prrospectus other modifications and interpretations.

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.

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Investments by our investment funds will in most cases rank junior to investments made by others. If our employees were improperly to use or disclose confidential information, we could suffer serious harm to our reputation, financial position and current and future business relationships. The historical information presented above and elsewhere in this boackstone with respect to the investment performance of our funds is provided for illustrative purposes only.

There will be no change in either our equity or net income as a result of the deconsolidation. Peterson, minimum retained ownership requirements. By their terms, such instruments may provide that their holders are entitled prospecus receive payments of dividends, interest or principal on or before the dates on which payments are to be made in respect of our investment.

Use of Prospectux to Enhance Returns. The firm said it also allows flexibility in pursuing future deals blackatone permits a range of financial and retention incentives for its employees. Investments by most of our investment funds will include debt instruments and equity securities of companies that we do not control. With respect to our actively investing carry funds, senior debt vehicles and proprietary hedge funds as well as any future carry funds, senior debt vehicles and proprietary hedge funds, we intend to.