kosmos

Oil Crash Slams Buyout Funds?

Devin Banerjee and David Carey of Bloomberg report,Oil Crash Wipes $11.7 Billion From Buyout Firms’ Holdings:
Oil’s plunge makes energy a great investment for the coming years, according to Blackstone Group LP (BX)’s Stephen Schwarzman and Carlyle (CG) Group LP’s David Rubenstein. For private equity firms, it’s also been painful.More than a dozen firms — including Apollo Global Management LLC (APO), […]