Blackstone Group LP Purchases Minority Interest in Magnetar Capital Partners

May 15, 2015

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.


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Investment Manager Strategic Investments, Transactions