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☆ Trump plans 2024 fundraising swing from Georgia to his N.J. golf course as he calls on his bundlers to raise up to $1 million
▼ + stars: | 2023-06-01 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Ron DeSantis entered the primary and managed to raise just over $8 million in the first 24 hours of his campaign, according to his team. The Trump campaign is asking bundlers to raise up to $1 million, according to a sign-up form that allows fundraisers to choose a bundler program. A campaign bundler voluntarily helps raise money for their desired candidate running for office through phone calls or other forms of outreach. The invite asks donors to give $23,200, with the funds going toward the Trump Save America Joint Fundraising Committee. The June 13 fundraiser calls to raise or give $100,000 for the Trump Save America Joint Fundraising Committee.

Persons: Donald Trump, LIV, Ron DeSantis, Trump, bundlers, Ultra MAGA, bundler, Steve Schwarzman, president's, DeSantis, Donald J Organizations: Trump National Golf Club, CNBC, Trump, Florida Gov, Ultra, Team Trump, Blackstone, Capitol, Republican Party, Republican, Trump Save America, Save, Republican National Committee Locations: Sterling , Virginia, Georgia, New Jersey, Miami, Save America, Michigan, Bedminster , New Jersey

☆ Florida Gov. Ron DeSantis looks nearly ready to launch his White House bid
▼ + stars: | 2023-05-15 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Ron DeSantis speaks during an Iowa GOP reception on May 13, 2023 in Cedar Rapids, Iowa. Ron DeSantis appears to be putting the final pieces in place before he announces a bid for the 2024 Republican presidential nomination. The move, which NBC News reported Friday, is expected to essentially kick off DeSantis' final sprint before he publicly announces his presidential bid. Griffin is becoming the press secretary for the DeSantis political operation, according to Fox News, which first reported the move. Some experts expect the Florida governor's supporters to make that move around the same time DeSantis announces his White House bid.

☆ Biden Wants Airlines to Pay Passengers for Delays. In Europe, they already do
▼ + stars: | 2023-05-13 | by ( Bernhard Warner | Sarah Kessler | ) www.nytimes.com time to read: +2 min

“Airlines already have financial incentives to get their passengers to their destination as planned,” Willie Walsh, the director general of the International Air Transport Association, a lobbying group, said in a statement criticizing the Biden plan. Europe’s air passenger rights regulation hasn’t been a panacea. Mr. Zenere, for example, is still arguing with Wizz Air, the airline that delayed his trip to Venice last year. — Bernhard WarnerTell us what you think: What changes would you like to see introduced to make the air travel experience smoother? Yaccarino, who was NBCUniversal’s head of advertising, will take over a company that has struggled to expand its ad business.

☆ BlackRock is wrestling with who could succeed Larry Fink. Here's who's now in the running.
▼ + stars: | 2023-05-12 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +8 min

Investment giant BlackRock has been planning for CEO Larry Fink's succession for years. Leadership has discussed BlackRock cofounder Susan Wagner as someone who could succeed Fink if the board does not have a clear candidate. For years, BlackRock has been planning for Chief Executive Larry Fink's succession, a torch-passing the industry has long speculated over. BlackRock has become shorthand for the intense backlash from primarily Republican lawmakers over sustainable investment strategies that Fink has championed as CEO. Goldstein, 49, is a BlackRock lifer and has been chief operating officer for nearly a decade.

Florida Governor Ron DeSantis speaks at a press conference at the American Police Hall of Fame & Museum in Titusville. The group has raised more than $225 million for DeSantis and currently boasts nearly $86 million in cash on hand. Friends of Ron DeSantis could soon try to transfer a moneybag roughly 800 times the size of Donalds'. The state committee, Friends of Ron DeSantis, appears to be positioning itself for the transfer. Friends of Ron DeSantis is allowed to accept unlimited contributions from donors, and it shows.

☆ Senators ask 27 CEOs to make sure their companies comply with child labor laws
▼ + stars: | 2023-04-05 | by ( Laura Strickler | ) www.cnbc.com time to read: +7 min

The company entered into an agreement with the agency pledging compliance with child labor laws and consented to third-party oversight. This is the second Senate inquiry citing NBC News reporting on child labor. JBS has zero tolerance for child labor, discrimination or unsafe working conditions for anyone working in our facilities. In a local newspaper editorial, Hearthside CEO Darlene Nicosia wrote the revelation of child labor was "a shock and major disappointment to us." Hearthside is in the midst of a 60-day independent review of child labor practices by an outside law firm, according to a spokesperson.

☆ DeSantis gets support from some on Wall Street, but Trump looms large in their concerns
▼ + stars: | 2023-04-03 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Ron DeSantis, according to people familiar with the conversations. "I think most people favor DeSantis over Trump but it's unclear that [DeSantis] can win," a Wall Street donor strategist told CNBC. Peterffy has even donated more than $360,000 to a pro-DeSantis political action committee called Friends of Ron DeSantis. DiLella has donated at least $80,000 to the Friends of Ron DeSantis PAC, according to state records. Gerson donated $3,000 to DeSantis' 2018 campaign for governor and just over $100,000 to the Friends of Ron DeSantis PAC between 2018 and 2022, according to state records.

☆ SVB's collapse was fueled by 'people on iPhones' and won't spread across the US banking sector, Blackstone CEO says
▼ + stars: | 2023-03-30 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Silicon Valley Bank failed because of the "interim issue" of high interest rates, Steve Schwarzman said. Rapid withdrawals "by people on iPhones" also fueled SVB's collapse, he told Bloomberg Thursday. "The banking system is not in any type of conventional crisis," the billionaire businessman said. Silicon Valley Bank's collapse earlier this month sparked a selloff in stocks of regional US banks, fueling fears that its failure would develop into a broader crisis. Read more: Silicon Valley Bank's spectacular implosion shows how digital banking can decimate a lender in 24 hours

☆ Miami's popular Republican Mayor Suarez weighs GOP challenge to Trump for White House in 2024
▼ + stars: | 2023-03-08 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Miami's popular Republican Mayor Francis Suarez has been privately holding court with wealthy political financiers as he considers challenging former President Donald Trump for the GOP nomination in 2024, according to party fundraisers and donors familiar with the matter. Since late last year, Suarez has been privately laying the groundwork for a possible run for the White House. If Suarez enters the presidential primary, he follows another popular mayor who made a longshot run for the White House. The apparent feud between DeSantis and Suarez could come to a head if both run for president in 2024. The Miami mayor will be back in New York in April holding similar meetings, the fundraisers said.

☆ Goldman doubles down on the wealthy, as it should
▼ + stars: | 2023-02-28 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +7 min

Instead, he indicated that the wealth business would be a “key driver for growth." One key pillar of that plan is Goldman’s alternative assets business, which includes running buyout, private credit and real-estate investing funds. For example, Goldman plans to take $2 billion in management and other fees from the alternative business next year. Last year, of the $72 billion Goldman raised for alternative, a third of that came from its wealth business. Goldman has dabbled in this now-dubbed “One Goldman” concept before, and gave it significant airtime on Tuesday.

Feb 25 (Reuters) - Blackstone Inc (BX.N) Chief Executive Officer Steve Schwarzman took home about $1.26 billion in pay and dividends for 2022, a regulatory filing showed. Schwarzman received more than $1 billion in dividends from his Blackstone shares and $253.1 million in compensation, filing showed on Friday. Goldman Sachs Group Inc (GS.N) slashed compensation for CEO David Solomon by 29% to $25 million for 2022, while JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon's total compensation was unchanged at $34.5 million. Schwarzman owns about 230 million shares in Blackstone according to a filing from February, and the company paid $4.40 in annual dividend, filings showed. Blackstone ended the quarter with $974.7 billion of total assets under management and declared a quarterly dividend of 91 cents per share.

☆ Blackstone and Bumble are still a fitting match
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Feb 23 (Reuters Breakingviews) - Blackstone (BX.N) is finding its pairing with Bumble (BMBL.O) to be lucrative even during a down spell. The private equity firm bought a majority stake in Bumble in 2019 that valued the company at around $3 billion. The share of stock that Blackstone sold in the public offering inked it almost $2 billion. Throw in approximately $300 million in dividends, and Blackstone has already made back its investment and then some. The match is winning enough that Blackstone is raising more money to find others to share the love.

☆ Meet the Blackstone execs taking on new roles across real estate, private equity, and credit as the firm shakes up leadership
▼ + stars: | 2023-02-01 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +4 min

Blackstone is making changes to its real estate, private equity, and credit leadership. Murphy will replace the longtime Blackstone executive Robert Ramsauer, who is leaving the firm after 19 years. It is also shuffling the leadership of its credit business and its real estate business that includes Blackstone Real Estate Income Trust, known as BREIT, a high-profile fund for the firm that has recently faced redemption requests. The firm's leadership changes extend to its credit business. von Zuben's shift marks the second leadership change in the credit business, a particularly competitive area for private investment firms, that Blackstone has announced this year.

☆ Blackstone CEO: China could 'probably' fully reopen by the fourth quarter of this year
▼ + stars: | 2023-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackstone CEO: China could 'probably' fully reopen by the fourth quarter of this yearBlackstone CEO Steve Schwarzman joins 'Squawk Box' to discuss whether China will completely reopen this year and whether the reopening is good for inflation.

☆ Buyout barons will court the panicking masses
▼ + stars: | 2022-12-20 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

Since they’ve already scoured traditional funding sources like pension funds and insurers, they’ll make a priority of tapping wealthy individuals in 2023. Even those slower to embrace the trend, like Carlyle (CG.O), are getting about 10% of inflows from individuals. Pension plans and other stalwarts have seen their stocks and bonds slump in value, potentially leaving them overexposed to buyout funds, private credit, real estate and infrastructure. These investors don’t always have the resources or stomach to lock up their money for half a decade or longer. Third-party platforms like Moonfare are proliferating, pooling retail capital into vehicles that buy stakes in buyout funds.

☆ It's the most wonderful time of the year: PE giants Blackstone and Apollo just dropped their holiday videos with starring roles for their billionaire CEOs
▼ + stars: | 2022-12-15 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +4 min

Private-equity giants Blackstone and Apollo released their holiday-themed videos on Thursday. In Apollo's, employees are chefs and cook up a holiday meal for the firm at the CEO's request. So it goes in the world of private-equity firms' holiday videos, where straight-laced investors and billionaire chief executives get very into their starring roles and the jokes are a little on the nose. The secret thing that makes Blackstone, Blackstone," he responds. Finally, as he puts on a Santa hat, Blackstone CEO Steve Schwarzman says the secret is the great people they hire.

☆ Meet the megadonors backing the Trump super PAC as some top donors opt out of supporting 2024 candidacy
▼ + stars: | 2022-12-11 | by ( Brian Schwartz | ) www.cnbc.com time to read: +6 min

Yet, the latest disclosure, which shows fundraising for the super PAC from Oct. 20 through Nov. 28, also lists nine other individual contributions totaling over $900,000. Wealthy businessman Timothy Mellon contributed $1.5 million to the super PAC on Oct. 5, according to the records. This small group of megadonors arrived in support of the super PAC just prior to other influential financiers deciding they will not back Trump's 2024 candidacy for president. During Trump's first run for the White House in 2016, Pate financed the anti-Trump super PAC We The People Foundation. Anthony Lomangino, a recycling mogul, donated $100,000 to the super PAC on Nov. 4.

☆ Blackstone gets a slap from efficient markets
▼ + stars: | 2022-12-08 | by ( Jonathan Guilford | ) www.reuters.com time to read: +9 min

NEW YORK, Dec 8 (Reuters Breakingviews) - Private markets seemed, for a while, the perfect antidote to the weirdness of public markets. Those models typically move much more slowly than the rapidly changing prices served up by public markets. These charms became much more potent during the stresses of Covid-19, when it became clear that public markets are not always a ruthlessly efficient price-discovery mechanism. RESILIENCE OR INTRANSIGENCECovid briefly scrambled the world, but bigger changes are coming that may scramble the calculus for private markets. During Covid, public markets seemed backward-looking, overreacting to the present moment while private markets were able to focus on the future.

☆ Investors focus on lower earnings outlook for 2023, but the evidence is so far mixed
▼ + stars: | 2022-12-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

The boomlet from Fed Chair JeromePowell's speech is now over. Second, a string of hot economic reports (November nonfarm payrolls, strong hourly earnings, strong ISM Services report), has convinced many that the much anticipated year-end stock rally is not going to happen. At the Goldman Sachs Financial Services Conference on Tuesday, CEOs were cautious but not gloomy. While some chose to focus on one or two CEOs warning of a slowing economy, most CEOs at the conference were not pessimistic. The bottom line: Investors, for the moment, are choosing to believe that the outlook for 2023 is leaning more to "earnings are going lower" rather than "earnings will be flat."

☆ Blackstone's grand ambitions for attracting retail money faces a hiccup
▼ + stars: | 2022-12-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

It's also a key part of the firm's push to attract retail investors, Insider's Rebecca Ungarino reports. Bloomberg previously reported that both firm CEO Steve Schwarzman and President Jon Gray have each put $100 million of their own money into BREIT since July. But as nice as it is to have the bosses' money backing your fund, that's not the target audience. And while there is a lot of upside to attracting retail investors — its private wealth arm has quadrupled in size to $233 billion in assets in four years — there are risks, too. Click here to read more about the recent headwinds facing Blackstone's big bet to attract retail money.

☆ GOP megadonor Mercer family has no plans to boost Trump's 2024 campaign as former president loses more allies
▼ + stars: | 2022-11-18 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Robert Mercer and Rebekah Mercer attend the 2017 TIME 100 Gala at Jazz at Lincoln Center on April 25, 2017 in New York City. Rebekah Mercer gave nothing to any pro-Trump group or Trump campaign entity during his last run for president, according to the filings. The 2016 Trump campaign then reportedly used that data to conduct some digital advertising. The Trump campaign paid Cambridge Analytica over $5.9 million for its services during the 2016 election cycle, according to the nonpartisan OpenSecrets. The pro-Trump super PAC funded in part by Robert Mercer also paid Cambridge Analytica just over $5.6 million that cycle, OpenSecrets says.

☆ Private equity is ready to make moves as the economy sours, but its approach to dealmaking might be different than in years past
▼ + stars: | 2022-11-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

When the going gets tough, PE gets going. Insider's Casey Sullivan and Rebecca Ungarino examined one segment of Wall Street that is primed to take off despite an economy that has left almost everyone hurting. The big question is where will PE firms look to deploy capital. How long PE firms resist those types of deals still remains to be seen, though. People who left Wall Street for crypto aren't second guessing themselves.

☆ Blackstone CEO Steve Schwarzman says he won't support Donald Trump in the 2024 presidential primary
▼ + stars: | 2022-11-16 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Blackstone CEO and GOP megadonor Steve Schwarzman says he won't support Donald Trump in 2024. Schwarzman and his wife donated $3 million to a Trump super PAC in 2020. The billionaire joins other prominent Republicans who say they will not support Trump's bid. Schwarzman and his wife, Christine Hearst Schwarzman, are Republican party megadonors. Schwarzman had previously criticized the January 6 Capitol rioters and did not support Trump's false claims that he had won the 2020 election.

☆ Blackstone CEO and GOP megadonor Steve Schwarzman says he won't help Trump during 2024 primary
▼ + stars: | 2022-11-16 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Blackstone CEO Stephen Schwarzman listens to U.S. President Donald Trump during Trump's strategy and policy forum with chief executives of major U.S. companies at the White House in Washington February 3, 2017. Blackstone CEO and Republican megadonor Steve Schwarzman has no plans to fund former President Donald Trump's 2024 campaign for the White House — at least not in the GOP primary. Schwarzman first allied himself with Trump late in the 2016 presidential election. Since Trump's initial run for president, Schwarzman has become one the Republican Party's biggest donors. During the 2020 presidential election, he donated $3 million to America First Action, a super PAC that backed Trump's candidacy, according to OpenSecrets.

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