Stephen Schwarzman on Private Equity, His Life and Blackstone
illionaire Stephen Schwarzman interviewed by David Rubenstien. In this interview Stephen discusses early life and how certain opportunities made him what he is today. Stephen also discusses the creation of his firm Blackstone, and how he grew it to become the third largest private equity firm in the world(2016).
2:44 Growing up /Fathers business
7:05 Lehman Brothers
13:08 Why did you leave Lehman Brothers/ Starting Blackstone
20:06 Trying to raise a fund
22:07 Expanding out of private equity
29:01 Deals you are most proud of and one that got away
37:15 Going public
43:29 Valuation for private equity firms lower than regular asset management firms
45:49 What do you want to do with your wealth?
51:07 Are you going to stay at Blackstone?
Corsair Capital was down by about 3.5% net for the third quarter, bringing its year-to-date return to 13.3% net. Corsair Select lost 9.1% net, bringing its year-to-date performance to 15.3% net. The HFRI – EHI was down 0.5% for the third quarter but is up 11.5% year to date, while the S&P 500 returned 0.6% Read More
Interview Date: September 15th, 2015
Event:The Economics Club Of Washington, D.C
Location: Mandarin Oriental Washington, DC Hotel, Grand Ballroom
Original Image Source: http://bit.ly/SchwarzmanPic