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Leveraged buyouts: big funds flaunt their equity muscle

Financial Times M&A

Specialist buyers may not get massive returns but high management fees can make up the difference

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Blackstone Becomes First $1tr Private Equity Manager

Private Equity Insights

It rose to prominence with leveraged buyouts, the kinds of transactions made famous by “Barbarians at the Gate” and other chronicles of 1980s finance. Blackstone, which began as a two-person shop in 1985 overseeing $400,000, has become a dominant force in the so-called alternative investments industry.