Bloomberg News

Blackstone’s James Sees Anti-Buyout Campaigns to Hurt Industry

February 09, 2012

Feb. 7 (Bloomberg) -- Hamilton E. James, president of Blackstone Group LP, said campaigns criticizing the private- equity industry may hurt fundraising and buyouts.

“Pension funds have boards, they don’t want to be giving money to an industry that has a taint,” James said today in an interview with Bloomberg TV’s Erik Schatzker on ‘Inside Track.’ “Similarly boards of directors don’t want to sell their company to organizations they don’t view as respectable. So it could be very damaging for the industry.”

To contact the reporter on this story: Devin Banerjee in New York at dbanerjee2@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net


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