{"id":9559,"date":"2009-01-06T00:00:00","date_gmt":"2009-01-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"daiwa-drops-big-fund-plan-after-blackstone-talks-fail","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2009\/daiwa-drops-big-fund-plan-after-blackstone-talks-fail.html","title":{"rendered":"Daiwa drops big fund plan after Blackstone talks fail"},"content":{"rendered":"<p>Reuters &#8211; Daiwa Securities Group Inc, Japan&#8217;s second-largest brokerage, said that it would drop its plans for a large private equity fund after talks with Blackstone fell through.<\/p>\n<p>Daiwa had been in talks with private equity firm Blackstone Group LP  to form a fund targeting Asian companies, Daiwa Securities Chief Executive Shigeharu Suzuki told Reuters on Tuesday.<\/p>\n<p>Suzuki said in August that the brokerage was aiming for a 500 billion yen ($5.4 billion) fund to diversify its revenue sources.<\/p>\n<p>&quot;Now we are looking at funds as large as 20 billion yen to 30 billion yen,&quot; he said on Tuesday<\/p>\n<p>&quot;It is difficult to collect 500 billion yen in private equity fund in this environment,&quot; he added.<\/p>\n<p>Daiwa had been aiming to form a big fund with Blackstone which has expertise in this area, Suzuki said.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/innovationNews\/idUSTRE5052AU20090106\" target=\"_self\">Read Complete Article<\/a>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Daiwa Securities Group Inc, Japan&#8217;s second-largest brokerage, said that it would drop its plans for a large private equity fund after talks with Blackstone fell through. Daiwa had been in talks with private equity firm Blackstone Group LP [&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":[4510,4483,4481,5198,67,5193,357,4518,5194,4778,4326,5197,5195,5199,5196,899],"class_list":["post-9559","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-asian-companies","tag-blackstone-group","tag-blackstone-group-lp","tag-brokerage","tag-chief-executive","tag-daiwa-securities-group","tag-japan","tag-private-equity-firm","tag-private-equity-firm-blackstone-group","tag-private-equity-fund","tag-reuters","tag-revenue-sources","tag-securities-group-inc","tag-suzuki","tag-talks-with-private-equity","tag-yen"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9559","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=9559"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9559\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}