YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Blackstone co-founder dies

Posted online

The co-founder of private equity firm Blackstone Group LP died yesterday of natural causes. Peter Peterson was 91.

"As a first-generation American born in Kearney, Nebraska, Pete exceeded all of his expectations in becoming a successful businessman, statesman and philanthropist," the Peterson family said in a statement.

In 1985, Peterson founded Blackstone with Stephen Schwarzman. The initial investment for the firm was $200,000. It now manages more than $400 billion in assets.

Read more from Reuters.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
From the Ground Up: Republic Intermediate School

The Republic School District is on track to open its Intermediate School for fifth- and sixth-grade students for the 2025-26 academic year.

Most Read
Update cookies preferences