Blackstone Inc. is selling a piece of the Las Vegas hotel Bellagio, a move that will generate cash for investors in a $67 billion property fund for wealthy individuals...
The rules adopted Wednesday will require private funds to detail quarterly fees and expenses to investors.
BREIT's growth streak has come under pressure in recent months.
The new rules would require hedge funds and private equity firms to disclose details of what they charge investors.
Key Blackstone funds swore off backing oil and gas exploration and production in 2022.
Private equity firms have risen to power major tracts of the U.S. economy.
The succession plan moves Tim Geithner to the chairman role at the private equity firm.
It became the biggest private equity firm of all by venturing beyond its buyout roots.
Over the past decade, Athene has grown into the firm's biggest profit driver and the largest annuities provider in the U.S.
Investors asked to redeem $4.5 billion in April from Blackstone Real Estate Income Trust.
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