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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. [15] [16]
These flat-top griddle cooking stations, like the Blackstone Adventure Ready 2-Burner 28", have become the hottest new item to hit backyards in the last year. Blackstone $197 $227 Save $30
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 ...
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The Peter G. Peterson Foundation is an American billionaire-funded foundation established in 2008 by Peter G. Peterson, former US Secretary of Commerce in the Nixon Administration and co-founder of the Blackstone Group, an American financial-services company.
The 10.5 cm hrubý kanón vz. 35 (Heavy Gun model 35) was a Czech field gun used in the Second World War. Those weapons captured after the German occupation of Czechoslovakia in March 1939 were taken into Wehrmacht service as the 10.5 cm K 35(t). Former Yugoslav guns were designated as the 10.5 cm Kanone 339(j).