Blackstone shifts focus from US to Europe

The firm has made four investments in Europe this year and is more active in the region than in the US, says president Tony James.

After more than three years of not investing private equity dollars in Europe, The Blackstone Group has been pursuing more opportunities in the region this year than it has in the US, president Tony James said at an industry conference Wednesday.

The firm has made four investments in Europe in 2011 and scaled back its US activity partially as a result of hot US credit markets earlier this year and pricing that was “way too high”, according to James.

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