Blackstone plans portfolio IPOs

Forbes – Private equity firm Blackstone Group is planning to list up to eight of its portfolio companies, according to a source who received a letter the firm sent to investors on Friday.

The letter details that Blackstone is positioning one company — hospital staffing firm Team Health — for an IPO and evaluating the potential for seven others, the source said.

It also says that Blackstone is in the process of five realizations this year — meaning sales of companies it owns. Of these, four have already been announced and one is imminent, the source said.

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