1. Why go public for Blackstone Blackstone’s IPO reflect some of public private equity company’s advantage and also the special need for itself. 2. What are the built-in tensions with a public private equity? How does Blackstone’s attempt to reconcile them? Brief Introduction The Blackstone Group is an American multinational private equity‚ investment banking‚ alternative asset management and financial services corporation based in New York City. Blackstone specializes in private equity‚ creditand
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Case (1)：The Blackstone Group’s IPO 1. What are the built-in tensions with a public private equity firm? How does Blackstone’s structure attempt to reconcile them? 2. If you were an LP in Blackstone‚ how would you view the structure Blackstone has put in place to go public? 3. Would you rather be a unitholder in Blackstone or an LP? 4. As a potential employee‚ how you evaluate the Blackstone compensation package against a commensurate offer from a similar large-scale private equity firm that was
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Employer: Blackstone Job Title: 2014 Summer Associate – Advisory London Office Business Unit: Blackstone Advisory Partners Position: Full-Time Location: London‚ UK Start Date: Summer 2014 Firm Profile: Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors‚ the companies we invest in‚ the companies we advise and the broader global economy. We do this through the commitment of our extraordinary
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Private or Public Is your social media page appropriate for your parents views? Better yet is it appropriate for colleges or coaches to see? Colleges should use social media for acceptance eligibility for monitoring purposes‚ representation‚ and accountability. Colleges should use monitoring purposes for social media pages. One good example is to monitor the social page for drug use or suicidal post. According to Michael Martinez publisher of CNN: he said‚( “California school district hires
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Q1. What are the built-in tensions with a public private equity firm? How does Blackstone ’s structure attempt to reconcile them? 1. Transparency (disclosures of financial statements) The reason why investors are willing to let the required rate of return decrease is the lower concerns about asymmetric information due to the disclosures of financial statements. In the past‚ in order not to be subjected to Investment Company Act of 1940‚ Blackstone once analyzed its operations and concluded that
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The Blackstone Group’s decision to file an initial public offering (IPO) involved the development of the compensation system‚ protection of the limited partners (LP)‚ structure of the public ownership‚ and an accounting transition in order to alleviate problems that would arise. Blackstone was required to establish a new compensation package that addressed partners carried interests as well as compensation for investment professionals and staff members that allowed each party to be no worse off
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The Blackstone IPO 1. If you were a fund LP how would you view the structure Blackstone has put in place to go public? IPO offered Blackstone certain advantages: - Access to the capital markets‚ as a new source of funds. - Blackstone could also use its own stock for the acquisitions. - It changed compensation structure and provided more incentives to junior management and help to keep top employees motivated long-term. Blackstone decided to adopt the MLP
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collected no data for this purpose (“The state‚” 2012). All these issues are mainly accounted for prolonged budget deficits‚ which the TTC has been struggling for many years. HISTORY OF THE TTC The Toronto Transportation Committee (TTC) is a public transport service agency established in 1954‚ the third largest transit system in North America that operates streetcar‚ transit bus‚ and rapid transit service (subway and RT) in Toronto. The TTC consists of four repaid transit service lines with
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7 CULTURAL DIFFERENCES BETWEEN THE PRIVATE AND PUBLIC SECTORS We often wish that there were more businessmen in government. That would be good for business and good for government. Yet the experience of those who are drafted into ministerial office from the business community is usually frustrating. The latest example is Digby Jones‚ former Director General of the Confederation of British Industry‚ which represents big business in the UK. In June 2007 he was appointed Minister of Trade by the
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“Private and public sector management differ only in context‚ but this difference is significant.” George Boyne in his article “Human resource management in the Public and private sectors: An empirical comparison” explains with empirical evidence how even though private and public sector management differs in service ethos but this difference is significant which impacts the tradition‚ culture and practises of both the sectors. Over the past two decades many different interpretations and perceptions
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