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
Document Reference:
IA-4219
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
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
Document Date
07-Oct-2015
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
Shared:
$26,225,203.00
Shared with: Blackstone Management Partners L.L.C.; Blackstone Management Partners III L.L.C.
Civil Penalty
Individual:
Shared:
$10,000,000.00
Shared with: Blackstone Management Partners L.L.C.; Blackstone Management Partners III L.L.C.
Pre-Judgment Interest
Individual:
Shared:
$2,686,553.00
Shared with: Blackstone Management Partners L.L.C.; Blackstone Management Partners III L.L.C.
Other Defendants in Action:
