The top CEO in private equity has a rule for investing ? and it has generated billions in returns
Nov 12, 2015, 22:10 IST
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The firm now manages manages more than $300 billion in total assets, while chief executive and cofounder Steven Schwarzman has a net worth of more than $11 billion.
It's not financial engineering or dealmaking wunderkinds that have Blackstone's returns outpacing most of its competitors, according to Schwarzman.
Rather, it's a straightforward approach to deals.