The final week of February has proven to be an interesting week for the finance and business news. One interesting topic is about how Blackstone Group is looking into becoming the next Berkshire Hathaway. Blackstone’s private-equity head, Jeff Baratta, has been in talks with its biggest investors about creating a “coalition of the willing.” Jeff Baratta wants to be able to expand its range in buying. The private-equity firm would like to be able to purchase companies and hold on to them longer than the normal time period of five to 10 years.
According to Jeff Baratta, “I don’t know why Warren Buffet should be the only person who can have a 15-year, 14% sort of return horizon.”