Ebook: King of Capital

Review “The authors … [take] us from the early days of the Blackstone Group, when the firm was just two guys and a secretary, to the buyout boom, when Mr. Schwarzman’s conspicuous consumption became a symbol of the new Gilded Age. In between, the book dives deeply into the firm’s signature deals — Celanese! Nalco! Distressed cable bonds! — that made Mr. Schwarzman and his partners so rich. It also delivers some fun details about many of the now-famous Wall Street players that did tours of duty at the firm. ***—New York Times DealBook *** “Carey and Morris’ thorough reporting offers a compelling look into the little understood Wall Street giant and the secrets of its success.” ***—Worth Magazine *** “[R]anks as one of the most even-handed treatments of the industry. David Carey and John Morris . . . received unusual access to Blackstone. . . . This allowed them to chronicle the firm in full and entertaining fashion across its 25-year history.” **—*Bloomberg Brief – Mergers *** “[A] broad history of private equity, with Blackstone as the touchstone.” **—*****Fortune.com**   * “Check out "King of Capital" because** it's got gossip, it's got brains, and it's as readable as hel**l. And it's got some really good Schwarzman stories too.” *—*****The Deal * * * * ***"*King of Capital *aspires to be a serious portrait of Blackstone and the way that Schwarzman so brilliantly built it up, scoring numerous coups along the way and avoiding the mistakes of many competitors. And it does a fine job in what it sets out to do." **— Financial Times ** “The authors link Blackstone’s history to the larger story of private equity’s expansion and its relationship to corporate America. They offer a lucid explanation of how the debt markets evolved from junk bonds to securitised loans, changing the types of deals that private-equity firms were able to finance.” — **The Economist** ** * About the Author **DAVID CAREY** is senior writer for *The Deal*, a news service and magazine covering private equity and mergers and acquisitions. Before joining *The Deal *he was the editor of *Corporate Finance *magazine and wrote for *Adweek*, *Fortune*, *Institutional Investor, *and *Financial World. * * * **JOHN E. MORRIS**, now an editor with *Dow Jones Investment Banker*, was for many years an assistant managing editor at *The Deal *in New York and London and before that was an editor and writer at *The American Lawyer *magazine. To find out more visit: www.king-of-capital.com