The Blackstone Group’s Prospectus

From the SEC’s Web site. Here’s a sample:

Our Growth Strategy
We intend to create value for our common unitholders by:
•generating superior investment performance across our asset management platform;
•growing the assets under management in our existing investment fund operations;
•expanding our asset management base by raising new investment funds;
•increasing our investment of our own capital in our funds;
•expanding our advisory business; and
•entering into complementary new businesses.
Why We Are Going Public
We have decided to become a public company:
•to access new sources of permanent capital that we can use to invest in our existing businesses, to expand into complementary new businesses and to further strengthen our development as an enduring institution;
•to enhance our firm’s valuable brand;
•to provide us with a publicly-traded equity currency and to enhance our flexibility in pursuing future strategic acquisitions;
•to expand the range of financial and retention incentives that we can provide to our existing and future employees through the issuance of equity-related securities representing an interest in the value and performance of our firm as a whole; and
•to permit the realization over time of the value of our equity held by our existing owners.

Posted by Eddy Elfenbein on March 22nd, 2007 at 4:13 pm

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