CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Blackstone, the world’s largest private equity firm, has stitched up a $250 million investment in which of the following India firms?
A
Myntra
B
Future Lifestyle Fashions
C
Shoppers Stop
D
Marks & Spencer
Explanation: 

Detailed explanation-1: -Blackstone’s most notable real estate investments have included EQ Office, Hilton Worldwide, Trizec Properties, Center Parcs UK, La Quinta Inns & Suites, Motel 6, Wyndham Worldwide, Southern Cross Healthcare and Vicinity Centres. The purchase and subsequent IPO of Southern Cross led to controversy in the UK.

Detailed explanation-2: -The four largest publicly traded private equity firms are Apollo Global Management (APO), The Blackstone Group (BX), The Carlyle Group (CG), and KKR & Co.

Detailed explanation-3: -Blackstone is a leading global investment business investing capital on behalf of pension funds, large institutions and individuals. Our mission is to create long-term value for our investors through the careful stewardship of their capital.

Detailed explanation-4: -As of December 31, 2021, assets under management ("AUM") and fee paying assets under management ("FPAUM") were $471 billion and $357 billion, respectively. KKR & Co. Inc.

There is 1 question to complete.