I thought blackstone was a PR move!


Quote Originally Posted by GRG55 View Post
Will they make money? That's a good question. The very public Chinese investment in Blackstone is probably not indicative of what is really going on. However, these are government funds, largely run by bureacrats or quasi-bureacrats, mostly on salary, and seem to have a less demanding near-term return-on-capital-employed hurdle than typical private equity investors. As a consequence they will bid up asset prices (I've already seen a good example in the petroleum sector with which I am familar so have benchmarks to hand to compare). Time will tell...