Concordia Healthcare Corp. T.CXR.R

Blackstone Fund Sitting with $18 billion in cash

[TheRock07]

Company Website: https://www.blackstone.com
NEW YORK -- (Business Wire)

Blackstone (NYSE:BX) today announced that it has had its final close for its latest global private equity fund, Blackstone Capital Partners VII (BCP VII). Fundraising began in November 2014 and the fund had a record $15.7 billion first close in May, seven months after launching. There are more than 250 limited partners from 40 countries in the fund. Demand for the fund was significantly in excess of its hard cap of $17.5 billion. Taken together with Blackstone and its employees’ commitment of $500 million, BCP VII will have $18 billion of available equity capital to invest. Blackstone expects to begin making investments out of this fund during the first quarter of 2016.

[TheRock07]

Watch them buy CXR and sell it in pieces and make a ton. None of that public listing Krap either

[sunshine7]

that would make no sense just like the previous post. Blackstone has a long term view on their investments unlike many other private equity entities. CXR is not a distressed asset. If one thinks this investment could be worth usd$150 in a year or two, then Blackstone knows that too and will pay usd65 knowing their investment will double and cash flow exceptional.

[puma1]

$18 billion sounds like a lot, but i can't see them investing 15% to 20% of the fund in one position, which is what would be required to pay into the $US65 plus range. $US45 would still put the investment  - assuming they keep the CXR debt in place - at north of 12% of the pool. again, i think that this is too big a target for Blackstone to take out 100%.

[Lattice]

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[sunshine7]

article states Demand for the fund was significantly in excess of its hard cap of $17.5 billion. Sounds like there is a market for this type of investment. More money available if necessary.

[Lattice]

This post has been removed in accordance with Community Policy