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In 1985, Peterson and Stephen A. Schwarzman co-founded the private equity and investment management firm the Blackstone Group, and for many years Peterson was its chairman. [14] At Blackstone, he made a fortune, including the $1.9 billion he received when it went public in 2007, that funded many of his charitable and political causes.
Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with US$400,000 (equivalent to $1.1 million in 2023) in seed capital. [2]: 45–56 [3] The founders derived their firm's name from their names: "Schwarz" is German for "black"; "Peter", "petros" (πέτρος, masculine), or "petra" (πετρα, feminine) means "stone" or "rock" in Greek.
In 1985, Schwarzman and his boss, Peter Peterson, started The Blackstone Group, which initially focused on mergers and acquisitions. [ 13 ] [ 14 ] Blackstone branched into business acquisition, real estate, direct lending, alternative assets , and had $1.1 trillion in assets under management as of September 30, 2024.
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The son of Greek immigrants who operated a diner in Kearney, Peterson founded Blackstone in 1985 with Stephen Schwarzman, with an initial investment of $200,000. Blackstone co-founder Peter ...
A griddle, in the UK also called a girdle, is a cooking device consisting mainly of a broad, usually flat cooking surface.Nowadays it can be either a movable metal pan- or plate-like utensil, [1] a flat heated cooking surface built onto a stove as a kitchen range, [2] or a compact cooking machine with its own heating system attached to an integrated griddle acting as a cooktop.
In January 2011, The Peter G. Peterson Foundation launched the $1.2 million Solutions Initiative grant program. As part of this program, the American Enterprise Institute, Bipartisan Policy Center, Center for American Progress, Economic Policy Institute, The Heritage Foundation, and Roosevelt Institute Campus Network each received grants of $200,000 to develop comprehensive plans for long-term ...
Peter John Eli Peterson (1887–1962), American farmer, businessman, and politician; Harding Peterson (born 1929), known as Pete, American baseball player; Pete Peterson (born 1935), American POW, US Congressman from Florida, and later ambassador to Vietnam; Peter Peterson (Canadian politician) (born 1953), former Canadian Member of Parliament