Blackstone marks down a pair of office funds after a slow marketing process
The mark is not a fire sale. It is an admission that the exit is taking longer than the pitch book.
Priya NairFinance Reporter
Downtown financial district towers
NEW YORK — The mark is not a fire sale. It is an admission that the exit is taking longer than the pitch book.
People familiar with the process said the markdowns followed failed price discovery with two sovereigns, not a redemption wave — a distinction LPs will still feel in the statement.
Priya Nair
Finance Reporter
Writes on banks, private credit, and the regulatory perimeter around nonbank lenders.