http://www.japansociety.org/event_detail?eid=78cbe7c
Full Video: http://www.japansociety.org/content.cfm?page=webcast_detail&eid=78cbe7c
Since its relatively contained beginnings in the U.S. sub-prime mortgage market in mid-2007, the financial crisis has grown to infect nearly every corner of the global financial system. Private equity has been no exception. The days of highly leveraged buyout deals on which private equity recently thrived appear unlikely to repeat themselves in the absence of a flowing credit market. Announced buyouts for 2008 are down 70 percent from the same period in 2007 and the resulting hiatus has left private equity firms sitting on a record amount of cash. Stephen Schwarzman, Chairman & CEO of The Blackstone Group, offers his view of the marked changes private equity has undergone in the current turmoil and shares his thoughts on where opportunities lie for his investors.
http://www.japansociety.org
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