King of Capital

-The authors ... [take] us from the early days of the Blackstone Group, when the firm was just two guys and a secretary, to the buyout boom, when Mr. Schwarzman's conspicuous consumption became a symbol of the new Gilded Age. In between, the book dives deeply into the firm's signature deals -- Celanese! Nalco! Distressed cable bonds! -- that made Mr. Schwarzman and his partners so rich. It also delivers some fun details about many of the now-famous Wall Street players that did tours of duty at the firm. --New York Times DealBook -Carey and Morris' thorough reporting offers a compelling look into the little understood Wall Street giant and the secrets of its success.- --Worth Magazine -[R]anks as one of the most even-handed treatments of the industry. David Carey and John Morris . . . received unusual access to Blackstone. . . . This allowed them to chronicle the firm in full and entertaining fashion across its 25-year history.- --Bloomberg Brief - Mergers -[A] broad history of private equity, with Blackstone as the touchstone.- --Fortune.com -Check out -King of Capital- because it's got gossip, it's got brains, and it's as readable as hell. And it's got some really good Schwarzman stories too.- --The Deal -King of Capital aspires to be a serious portrait of Blackstone and the way that Schwarzman so brilliantly built it up, scoring numerous coups along the way and avoiding the mistakes of many competitors. And it does a fine job in what it sets out to do.- -- Financial Times-The authors link Blackstone's history to the larger story of private equity's expansion and its relationship to corporate America. They offer a lucid explanation of how the debt markets evolved from junk bonds to securitised loans, changing the types of deals that private-equity firms were able to finance.- -- The Economist