Business · Companies · 2 hrs ago
Nikko Securities entrusted Blackstone with major funds in 1987
Stephen Schwarzman recalls a surge of Japanese investment in the US in the 1980s.
In 1987, Nikko Securities led a group entrusting large sums to Blackstone’s buyout fund.
Blackstone was running the fund, and the Japanese capital was a major source of money for it.
The investment came during a wave of Japanese capital flowing into the US.
The account describes that wave as later cresting and subsiding, but gives no further details about when or why.
It also notes that Sony was among Blackstone’s earliest clients for mergers and acquisitions advice.
In 1987, Nikko Securities led a wave of Japanese capital that entrusted vast sums to a Blackstone buyout fund.
Stephen Schwarzman recounted the investment in a personal-history article published by Nikkei Asia.
The article describes the episode as part of a wave of Japanese capital in the United States.
It does not state the amount entrusted or why Nikko made the investment.
- Who
- Nikko Securities led the Japanese capital. Stephen Schwarzman says the funds went to a buyout fund at Blackstone.
- What
- Japanese investors entrusted vast sums to the fund.
- When
- 1987.
- Where
- The article places the wave of Japanese capital in the United States.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Year
- 1987
- Investor named
- Nikko Securities
- Fund manager
- Blackstone
- Fund type
- Buyout fund
- Amount
- Described as vast sums; no figure stated
1 source
What people are saying
In 1987, a tide of Japanese capital -- led by Nikko Securities -- entrusted vast sums to the buyout fund we were running at Blackstone.