Defendant Name:
Blackstone Management Partners L.L.C.
Defendant Type:
Subsidiary of Public Company
Document Reference:
2015-235
Document 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.
Document Name
Blackstone Charged with Disclosure Failures; Private Equity Advisers to Pay Nearly $39 Million Settlement
Document Date
07-Oct-2015
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
Shared:
$26,200,000.00
Shared with: Blackstone Management Partners III L.L.C.; Blackstone Management Partners IV L.L.C.
Civil Penalty
Individual:
Shared:
$10,000,000.00
Shared with: Blackstone Management Partners III L.L.C.; Blackstone Management Partners IV L.L.C.
Pre-Judgment Interest
Individual:
Shared:
$2,600,000.00
Shared with: Blackstone Management Partners III L.L.C.; Blackstone Management Partners IV L.L.C.
Total Penalty
Individual:
Shared:
$29,000,000.00
Shared with: Blackstone Management Partners III L.L.C.; Blackstone Management Partners IV L.L.C.
Other Defendants in Action:
