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Blackstone is one of the largest investment firms in the world. It manages more than $1.3 trillion for pension funds, governments, insurance companies, and wealthy investors. The firm invests in private equity, real estate, credit, infrastructure, and other private markets. Its real estate business owns or finances thousands of properties around the world. Blackstone also lends money to companies and invests in their debt. In private equity, it buys businesses and works to make them more valuabl
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David Rubenstein built Carlyle Group into a private equity powerhouse with a network of former government officials. Then 9/11 put that network under a microscope. Saudi investors, including members of families connected to the bin Laden family, had invested in Carlyle. The connection raised questions about the firm’s political relationships, although no wrongdoing was found. Years later, Rubenstein bought a rare Magna Carta for $21 million and loaned it permanently to the National Archives. #Da
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