On May 14, 2015, Bloomberg reported that Blackstone Group LP bought a minority stake in Illinois-based Magnetar Capital Partners.
Blackstone bought the stake through its Strategic Capital Holdings fund, which has raised more than $3 billion to buy minority stakes in alternative-investment firms. This is the third such deal for the fund, which has also acquired stakes in Solus Alternative Asset Management and Senator Investment Group.
Magnetar Capital Partners was co-founded in 2005 by Alec Litowitz and Ross Laser and focuses on investing in corporate events, fixed income and energy. Magnetar manages approximately $13.6 billion in assets.
The terms of the deal were not disclosed.
To read the news release: please click here.