David Snow

Two powerful committee chairmen are backing a bill intended to scrap the low, 15 percent capital-gains tax treatment of GP carried interest in the US. The member behind the bill says the current tax regime on carry is unfair.

Two powerful committee chairmen are backing a bill intended to scrap the low, 15 percent capital-gains tax treatment of GP carried interest in the US. The member behind the bill says the current tax regime on carry is unfair.

Shares in Blackstone closed today on the New York Stock Exchange, up 13 percent to $35 per share. The first-day trading values Stephen Schwarzman’s interest in the firm he co-founded at $8.5bn.

The Blackstone Group has priced its IPO at $4.133bn – the top of an expected range. Shares with the ticker symbol BX are expected to begin trading on Friday.

Shares in Blackstone closed today on the New York Stock Exchange, up 13 percent to $35 per share. The first-day trading values Stephen Schwarzman’s interest in the firm he co-founded at $8.5bn.

Shares in Blackstone closed today on the New York Stock Exchange, up 13 percent to $35 per share. The first-day trading values Stephen Schwarzman’s interest in the firm he co-founded at $8.5bn.

The Blackstone Group has priced its IPO at $4.133bn – the top of an expected range. Shares with the ticker symbol BX are expected to begin trading on Friday.

The Blackstone Group has priced its IPO at $4.133bn – the top of an expected range. Shares with the ticker symbol BX are expected to begin trading on Friday.

The legendary Texas buyout pro has joined a long list of hopeful backers of special purpose acquisition vehicles – so called ‘blank-cheque’ pools of capital that are listed on an exchange in anticipation of an unnamed deal.

The legendary Texas buyout pro has joined a long list of hopeful backers of special purpose acquisition vehicles – so called ‘blank-cheque’ pools of capital that are listed on an exchange in anticipation of an unnamed deal.