Title: King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone

Author: David Carey & John Morris

Year of Publishing: 2011

Overview:

King of Capital is a vivid recount of Blackstone’s evolution through its early challenges and investments into a top Wall Street fund, backed by billions from global institutional investors. In between a history lesson on the development of private equity from the 1970s and detailed mechanics of flagship deals, King of Capital remarkably describes the personalities of the major players and the larger forces that transformed private equity from a couple of investment boutiques into a global industry.

For audiences interested in private equity, this book offers a compelling perspective on the setbacks and triumphs of a successful alternative investors and one of our generation’s top financiers. Carey and Morris does a great job in showing that sustainable private equity funds provide crucial capital, sound partnership, and a unique, transitional form of ownership that help to build businesses.

Amazon Link: https://www.amazon.ca/King-Capital-Remarkable-Schwarzman-Blackstone/dp/0307886026