Defendant Name: Blackstone Management Partners IV L.L.C.

Defendant Type: Subsidiary of Public Company
Public Company Parent: The Blackstone Group L.P.
SIC Code: 6282
CUSIP: 09253U10

Initial Case Details

Legal Case Name In the Matter of Blackstone Management Partners L.L.C., Blackstone Management Partners III L.L.C., and Blackstone Management Partners IV L.L.C.
First Document Date 07-Oct-2015
Initial Filing Format Administrative Action
File Number 3-16887
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Other
• Sections 206(2), 206(4) Investment Advisers Act; Rules 206(4)-7, 206(4)-8 Investment Advisers Act

Resolutions

First Resolution Date 07-Oct-2015
Headline Total Penalty and Disgorgement $38,911,756

Related Documents:

2015-235 07-Oct-2015 Press Release--Administrative Proceeding
Blackstone Charged with Disclosure Failures; Private Equity Advisers to Pay Nearly $39 Million Settlement
On October 7, 2015, the SEC announced that, "three private equity fund advisers within The Blackstone Group have agreed to pay nearly $39 million to settle charges that they failed to fully inform investors about benefits that the advisers obtained from accelerated monitoring fees and discounts on legal fees."
IA-4219 07-Oct-2015 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing a Cease-and-Desist Order
On October 7, 2015, the SEC instituted settled administrative and cease-and-desist proceedings against Blackstone Management Partners L.L.C., Blackstone Management Partners III L.L.C., and Blackstone Management Partners IV L.L.C. According to the SEC: "These proceedings arise from inadequate disclosures that involved two distinct breaches of fiduciary duty by private equity fund advisers Blackstone Management Partners L.L.C., Blackstone Management Partners III L.L.C., and Blackstone Management Partners IV L.L.C."

Other Defendants in Action:

Blackstone Management Partners L.L.C.
Blackstone Management Partners III L.L.C.