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Blackstone Launches in Shanghai

Blackstone Group formally launched a Shanghai investment unit Friday, and signed its first local investor for a new Chinese yuan-denominated fund. ...full story at WSJ

from WSJ on Fri, Oct 30 2009

see also:

22 May 07 visit China buys Blackstone stake  »  YouTube videoThe Chinese government is to pay $3bn (�1.5bn) for a 10% stake in US private equity firm Blackstone.
07 Oct 08 visit Blackstone completes 20% stake purchase in Bluestar  »  People's Daily China National Bluestar Group Corp (Bluestar) yesterday said it completed a stake transfer with Blackstone Group, in which the US private equity paid $600 million for a 20 percent stake. Blackstone agreed on the deal in September last year. The latest...
18 Oct 08 visit China's sovereign wealth fund raises stake in U.S. company to 12.5%  »  People's Daily China Investment Corporation (CIC), the country's 200-billion-U.S.-dollar sovereign wealth fund, has raised its stake in U.S. investment group Blackstone LP to more than 10 percent -- still short of the 12.5 percent limit recently agreed between the two...
06 Oct 08 visit ChemChina, Blackstone launch Beijing joint venture  »  People's Daily China National Chemical Corporation(ChemChina) announced Monday that China Bluestar (Group) Co. Ltd., its joint venture in Beijing with the Blackstone Group, has officially launched. Bluestar, one of ChemChina's subsidiary company groups, will be...
26 Mar 08 visit Chinese Sovereignty Fund Does It Again: Buying Into Visa's IPO And Hoping For A Bargain  »  Zhonghuarising Hopefully it won't be Blackstone all over again, thinks Gao Xiqing. With Visa's IPO barely a week old, China Investment Corp. (CIC), the state-owned forex reserve investment arm of the Chinese central bank, is dipping its hands in US equity...
18 Aug 09 visit China Journal Wrap: Private Equity Eyes Shanghai, Dell’s Smart Phone Move  »  China Journal More money managers for Shanghai: Asian brokerage CLSA Ltd. and Hong Kong-based First Eastern Investment Group are setting up yuan-denominated private equity funds in Shanghai, hot on the heels of Blackstone’s announcement last week that it will set up...

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