BLACKSTONE GROUP: The US house has demonstrated the benefits of geographical and business area diversification
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"Our investment model is to hold existing investments until markets are favourable"
Tony James, Blackstone |
Last year was one of the sleepiest on record for private equity deals. Funds were still being raised but the lack of M&A activity as companies sat tight, combined with a general lack of confidence in company valuations, meant that private equity firms were reluctant to put investor money to use.