{"id":40689,"date":"2014-02-19T06:06:24","date_gmt":"2014-02-19T11:06:24","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=40689"},"modified":"2014-02-19T06:07:42","modified_gmt":"2014-02-19T11:07:42","slug":"blackstone-buys-minority-stake-in-senator-hedge-fund-firm","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2014\/blackstone-buys-minority-stake-in-senator-hedge-fund-firm.html","title":{"rendered":"Blackstone Buys Minority Stake in Senator Hedge-Fund Firm"},"content":{"rendered":"<p>Bloomberg &#8211; The firm, already the largest allocator in hedge funds, is setting its sights on buying stakes in the money managers. Senator Investment Group LP, a $6.7 billion firm, told clients yesterday that Blackstone bought a minority piece of its business, less than a week after Hill, who runs the New York-based firm\u2019s $56 billion hedge-fund group, outlined his ambitions for that business.<\/p>\n<p>Blackstone, the world\u2019s biggest manager of alternative assets, struck the agreement with Senator as it seeks to raise $3 billion for similar purchases. The firm has gathered $1.4 billion for the strategy, Hill, 65, said last week at a conference in\u00a0Florida. Blackstone has also provided about $2.6 billion in startup capital to new managers, providing them with $100 million to $200 million, according to a report by Credit Suisse Group AG.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2014-02-18\/blackstone-buys-minority-stake-in-senator-hedge-fund-firm.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2014-02-18\/blackstone-buys-minority-stake-in-senator-hedge-fund-firm.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; The firm, already the largest allocator in hedge funds, is setting its sights on buying stakes in the money managers. Senator Investment Group LP, a $6.7 billion firm, told clients yesterday that Blackstone bought a minority piece of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-40689","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40689","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=40689"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40689\/revisions"}],"predecessor-version":[{"id":40692,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40689\/revisions\/40692"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=40689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=40689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=40689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}