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...To Gray, Mechanic’s “superpower” is his credibility among the industry’s various tribes, especially when things turn nasty....
...Picking the timing of that is harder,” said Gray....
...He’s also gotten to know the firm’s president, Jonathan Gray....
...“I’ve heard Jon Gray direct, eulogising about him,” said one of the people who had dealings with the private equity executive....
...There are going to be plenty of troubled deals in the market,” added Gray....
...Gray said that while US apartment construction had soared in recent years, an ongoing “housing shortage” in America would keep pushing rents higher in a boon for landlords like Blackstone....
...Blackstone’s hefty dividend payments also helped Gray receive a nine- figure income in 2023....
...Blackstone’s credit and insurance division will buy the US credit card receivables from Barclays for an undisclosed sum, and the bank will continue to service the accounts for a fee....
...“We really see real estate bottoming from a valuation standpoint,” Gray told the Financial Times last month....
...Investments that the government is making include a new 18-courtroom complex under construction off Fleet Street in London that will focus on fraud and cyber crime....
...Blackstone’s president Jonathan Gray has also said he believes property valuations are beginning to bottom. “We really see real estate bottoming from a valuation standpoint,” he told the FT in January....
...The BXPE fund will bring corporate buyouts, the foundation of Blackstone’s business, to wealthy individual investors in the culmination of a decade-long effort by leaders Stephen Schwarzman and Jonathan Gray...
...offer residents both a panoply of services and low taxes....
...“When 30-year mortgages and car loans cost you 8 per cent it will impact consumer behaviour,” said Gray....
...Gray’s comments come as Blackstone’s assets under management exceeded $1tn for the first time in second-quarter earnings results released on Thursday....
...It has also already struck partnerships with five banks to originate $6bn in loans they would’ve made prior to March’s banking upheaval, Gray told analysts on Thursday....
...She joins from Ropes & Gray. UBS has hired Moelis & Co software dealmaker Andrew Jardine, Bloomberg reports....
...Brightline, owned by Fortress Investment Group, had struck a 20-year deal with the UK-based group in 2018 to rebrand its service in Florida, and a planned route from Las Vegas to southern California, as...
...Gray, meanwhile, attempted to reassure staff by repeating his favourite maxim: “Stay calm, stay positive and never give up.”...
...The SoftBank-backed group had a huge increase in demand for its services as interest rates hit rock bottom during the pandemic....
...*Ugh, it was Jon Gray who called it a golden moment, not Marc Rowan. Rowan called it a “great time”....
...BXPE will bring corporate buyouts, the foundation of Blackstone’s business, to wealthy individuals after a decade-long effort by Blackstone leaders Stephen Schwarzman and Jonathan Gray....
...Keynote speakers include Bo Becker, a professor at the Stockholm School of Economics, and Juliane Begenau, associate professor of finance at Stanford University....
...Blackstone does not have a controlling stake in any insurers but offers asset management services to large players such as AIG....
...“We’re not forced sellers of assets on the one side and yet we have the ability to move very quickly when there is dislocation to take advantage of an opportunity,” Blackstone president Jonathan Gray recently...
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