Blackstone Banker Says ‘Golden Years’ Ahead for Private Equity

The next two to three years should be strong for private equity, says Chinh Chu, senior managing director/chemicals at The Blackstone Group (New York), a private equity firm. “If you think of 2008 and 2009 as the trough, 2010 to 2012 will be golden years for private equity,” Chu said at a meeting of Société de Chimie Industrielle in New York last week. Blackstone expects returns on capital for the whole industry to average from “the mid-20 percent to the mid 30s,” he adds. Private equity activity had been constrained by instability in the credit...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers