Friday Letter The denominator effect
Before you take Blackstone’s new $10.9 billion private equity real estate fund close as a sign that 2008 is due to be another record-breaking year for fundraising, consider some inconvenient truths.
Before you take Blackstone’s new $10.9 billion private equity real estate fund close as a sign that 2008 is due to be another record-breaking year for fundraising, consider some inconvenient truths.
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