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Blackstone Announces Acquisition of Credit Suisse’s Strategic Partners Business

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Blackstone Announces Acquisition of Credit Suisse’s Strategic Partners Business Powered By Docstoc
					
				
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Description: NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) today announced an agreement with Credit Suisse to acquire Strategic Partners, Credit Suisse’s dedicated secondary private equity business with $9 billion in assets under management. The transaction is subject to customary closing conditions and is expected to close by the end of the third quarter 2013. The terms of the deal were not disclosed. Tony James, President and Chief Operating Officer of Blackstone, said, “We are thrilled that the people o a style='font-
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