Defendant Name: Blackstone Management Partners IV 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
File Number 3-16887
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

Related Documents:

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."