Secondaries | Blackstone Private Wealth Solutions (2024)

FAQs

What are secondary solutions private equity? ›

Waterman: Private equity secondaries refer to transactions in which an investor is buying an existing interest or asset from primary private equity fund investors, known as limited partners (LPs).

The report alleged that Blackstone had abused tenants with exorbitant fees, rent hikes, and aggressive eviction practices, and that Blackstone's real estate practices had a disproportionate impact on communities of color, in part because the company targeted foreclosures resulting from subprime loans.

In finance, the private-equity secondary market (also often called private-equity secondaries or secondaries) refers to the buying and selling of pre-existing investor commitments to private-equity and other alternative investment funds.

NaOH is one example of a secondary standard. Commercially available NaOH contains impurities of NaCl, Na₂CO₃, and Na₂SO₄, and readily absorbs H₂O from the atmosphere. To determine the concentration of NaOH in a solution, we titrate it against a primary standard weak acid, such as potassium hydrogen phthalate, KHC₈H₄O₄.

Blackstone Inc. played a role in pushing that average fund size higher in 2023 when it announced the final close for Strategic Partners Fund IX, the largest-ever private equity secondaries fund, at $22.2 billion in January.

Private equity is a core pillar of BlackRock's alternatives platform. BlackRock's Private Equity teams manage USD$41.9 billion in capital commitments across direct, primary, secondary and co-investments.

Jay-Z's Roc Nation joins Blackstone in takeover of $500 million collectibles company. Blackstone is acquiring the Certified Collectibles Group in a transaction valuing the company at more than $500 million. Jay-Z's Roc Nation is also an investor in the transaction.

Is Blackstone owned by BlackRock? ›

Founded in 1985, both companies fell under an umbrella company called Blackstone Financial Management, a mergers and acquisitions company. In 1988, BlackRock separated from the parent company and focused on risk management. Today, they're now completely separate companies with different offerings.

Under the Blackstone plan, Microsoft founder Gates, who owns 19% of Signature, would contribute his shareholding and top it up with cash to become a 30% owner.

▶ It follows that a secondary standard solution is a solution in. which the concentration of dissolved solute has not been. determined from the weight of the compound dissolved but by reaction (titration) of a volume of the solution against a measured volume of a primary standard solution.

Answer and Explanation:

A primary standard is a chemical that is stable and pure not in the form of hydrate. The secondary standard is a solution/reagent that is prepared against the primary standard. It is mostly prepared in the laboratory.

For buyers, investing in a private equity fund secondary as opposed to a primary investment in a fund cuts down the time until cash is returned to Limited Partners. This will - of course - be reflected in the purchase price: the shorter the period until it starts returning capital, the more expensive (and vice versa).

While primary shares are all about new stock issued by the company, secondary shares involve the sale of existing stock held by current shareholders, like founders, employees, or investors. These sales do not inject new capital into the company but provide liquidity to the sellers.