Black­stone nears deal for GI Partners mi­nor­ity stake

Pittsburgh Post-Gazette - - Business -

A Black­stone Group unit that buys stakes in al­ter­na­tive-as­set man­agers is near­ing a deal to make a mi­nor­ity in­vest­ment in GI Partners, ac­cord­ing to peo­ple fa­mil­iar with the mat­ter. The trans­ac­tion hasn’t been fi­nal­ized and ei­ther side may de­cide against a deal, said the peo­ple. A Black­stone rep­re­sen­ta­tive de­clined to com­ment, while a rep­re­sen­ta­tive for GI, a San Fran­cisco-based pri­vate eq­uity and real es­tate firm, didn’t re­spond to re­quests for com­ment.

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