{"id":10025,"date":"2009-03-04T00:00:00","date_gmt":"2009-03-04T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"blackstone-marks-down-d-bank-debt","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/blackstone-marks-down-d-bank-debt.html","title":{"rendered":"Blackstone marks down D Bank debt"},"content":{"rendered":"<p>Financial Times &#8211; Blackstone<strong> <\/strong>marked down the value of billions of dollars worth of debt it bought at a discount from Deutsche Bank to zero, demonstrating that the group bet too early on a recovery. <\/p>\n<p>Blackstone bought the debt in April and marked down the value by the end of the year. The private equity group disclosed the markdown in a conference call on Tuesday with investors, who have grown concerned about the impact the global recession is having on the portfolio companies of private equity firms. <\/p>\n<p><a href=\"http:\/\/www.ft.com\/cms\/s\/887673b4-0850-11de-8a33-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F887673b4-0850-11de-8a33-0000779fd2ac.html&#038;_i_referer=http%3A%2F%2Fvillage.albourne.com%2Fpe%2Fnews.pcg%3Fid%3D53830\" target=\"_self\">Read Complete Article<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial Times &#8211; Blackstone marked down the value of billions of dollars worth of debt it bought at a discount from Deutsche Bank to zero, demonstrating that the group bet too early on a recovery. Blackstone bought the debt in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4807,8519,137,6108,4416,4905,4504,8518,5524,5398,8517],"class_list":["post-10025","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-billions-of-dollars","tag-blackstone","tag-conference-call","tag-deutsche-bank","tag-financial-times","tag-global-recession","tag-investors","tag-markdown","tag-portfolio-companies","tag-private-equity-firms","tag-private-equity-group"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10025"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10025\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}