书名：King of Capital资本之王

作者：David Carey戴维·凯里; John E. Morris约翰·莫里
出版社名称：Currency
出版时间：2012
语种：英文
ISBN：9780307886026
商品尺寸：13.2 x 2.2 x 20.3 cm
包装：平装
页数：400
◆全球私募之王黑石集团成长史：黑石从仅有三个人的小公司发展成为美国知名的上市投资管理公司。创始人史蒂夫·施瓦兹曼3.98亿美元的年薪和6.84亿美元的黑石IPO所得，究竟从何而来？

◆一部透视黑石集团运作内幕的巨作，展现了黑石创始人史蒂夫·施瓦茨曼叱咤风云的私募传奇。
◆一段创造者与掠夺者的风雨传奇：看清私募股权公司与生俱来的双重面孔，他们究竟是在猎食那些被收购的公司还是助其发展、共同增值？
◆一场私募股权业并购的饕餮盛宴：黑石及其同行不仅在全球掀起并购浪潮，而且在华尔街向高盛、摩根士丹利这样的金融巨头发起挑战。黑石仅仅控制着51家公司、雇佣了50万人，然而却有1710亿美元的年销售额！
◆本书与黑石创始人彼得·彼得森的自传《黑石的起点，我的顶点》从两个不同的角度，构成了一部完整的黑石成长史。

The story of Steve Schwarzman, Blackstone, and a financial revolution,King of Capitalis the greatest untold success story on Wall Street
InKing of Capital, David Carey and John Morris show how Blackstone (and other private equity firms) transformed themselves from gamblers, hostile-takeover artists, and ‘barbarians at the gate’ into disciplined, risk-conscious investors while the financial establishment—banks and investment bankers such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, Morgan Stanley—were recklessly assuming risks, leveraging up to astronomical levels and driving the economy to the brink of disaster. Now, not only have Blackstone and a small coterie of competitors wrested control of corporations around the globe, but they have emerged as a major force on Wall Street, challenging the likes of Goldman Sachs and Morgan Stanley for dominance.
Insightful and hard-hitting, filled with never-before-revealed details about the workings of a heretofore secretive company that was the personal fiefdom of Schwarzman and Peter Peterson,King of Capitalshows how Blackstone and private equity will drive the economy and provide a model for how financing will work in the years to come.

Review
“The authors... [take] us from the early days of the Blackstone Group, when the firm was just two guys and a secretary, to the buyout boom, when Mr. Schwarzman’s conspicuous consumption became a symbol of the new Gilded Age. In between, the book dives deeply into the firm’s signature deals — Celanese! Nalco! Distressed cable bonds! — that made Mr. Schwarzman and his partners so rich. It also delivers some fun details about many of the now-famous Wall Street players that did tours of duty at the firm.”  —New York Times DealBook

“Carey and Morris’ thorough reporting offers a compelling look into the little understood Wall Street giant and the secrets of its success.”  — Worth Magazine

“[R]anks as one of the most even-handed treatments of the industry. David Carey and John Morris... received unusual access to Blackstone.... This allowed them to chronicle the firm in full and entertaining fashion across its 25-year history.”  — Bloomberg Brief - Mergers

“[A] broad history of private equity, with Blackstone as the touchstone.”  — Fortune.com

“Check outKing of Capitalbecause it’s got gossip, it’s got brains, and it’s as readable as hell. And it’s got some really good Schwarzman stories too.”  —The Deal

“King of Capitalaspires to be a serious portrait of Blackstone and the way that Schwarzman so brilliantly built it up, scoring numerous coups along the way and avoiding the mistakes of many competitors. And it does a fine job in what it sets out to do.”  —Financial Times

“The authors link Blackstone’s history to the larger story of private equity’s expansion and its relationship to corporate America. They offer a lucid explanation of how the debt markets evolved from junk bonds to securitised loans, changing the types of deals that private-equity firms were able to finance.”  —The Economist
King of Capital《资本之王》展现了世界著名的私募公司黑石集团成长史，以及创始人之一史蒂夫·施瓦茨曼与黑石的起落沉浮，介绍了这些事件背后千丝万缕的影响因素，我们可以从中看到黑石、乃至整个PE行业在不同环境下的发展轨迹。书中描述了黑石集团所参与过的每一笔交易，对私募股权业进行了一番彻底的检视，作者为读者奉上的是一堂百科全书式的收购案例大课。同时，本书对黑石集团荣辱兴衰与投资运作经验的刻画，为中国的私募股权投资行业提供了一个参照，它使我们有更大的空间揣度其中的参考价值，进而更为深刻地理解这个行业的运行规律及其发展趋势。

戴维·凯里，哥伦比亚大学新闻学硕士、普林斯顿大学文学硕士，曾经担任《财富》、《机构投资者》等美国著名财经杂志撰稿人和《公司金融》杂志编辑，有二十多年私募业及并购业报道经验，现为《生意》杂志（The deal）资深作家。

David Careyis a reporter at Bloomberg. Before joining Bloomberg, he was a senior writer forThe Deal, an editor of Corporate Finance magazine, and wrote for Adweek, Fortune, Institutional Investor, and Financial World.

约翰·莫里，斯哈佛大学法理学博士，曾为《美国律师》杂志编辑兼撰稿人、《生意》杂志纽约及伦敦分社助理编辑，有多年私募业报道经验及法律方面的工作经验，现为《道琼斯投资银行家》杂志编辑。
John E. Morrishas been a Bloomberg Brief editor, an editor with Dow Jones Investment Banker, and was for many years an assistant managing editor atThe Dealin New York and London. Before that, he was an editor and writer at The American Lawyer magazine.
“More Rumors About His Party Than About His Deals,” blared the front-page headline in the New York Times in late January 2007. It was a curtain-raiser for what was shaping up to be the social event of the season, if not the era. By then, the buzz had been building for weeks.

Stephen Schwarzman, cofounder of the Blackstone Group, the world’s largest private equity firm, was about to turn sixty and was planning a fête. The financier’s lavish holiday parties were already well known in Manhattan’s moneyed circles. One year Sehwarzman and his wife decorated their twenty-four-room, two-floor spread in Park Avenue’s toniest apartment building to resemble Schwarzman’s favorite spot in St. Tropez, near their summer home on the French Riviera. For his birthday, he decided to top that, taking over the Park Avenue Armory, a fortified brick edifice that occupies a full square block amid the metropolis’s most expensive addresses.
On the night of February 13 limousines queued up and the boldface names in tuxedos and evening dresses poured out and filed past an encampment of reporters into the hangarlike armory. TV perennial Barbara Walters was there, Donald and Melania Trump, media diva Tina Brown, Cardinal Egan of the Archdiocese of New York, Sir Howard Stringer, the head of Sony, and a few hundred other luminaries, including the chief executives of sonic of the nation’s biggest banks: Jamie Dimon of JPMorgan Chase, Stanley O’Neal of Merrill Lynch, Lloyd Blankfein of Goldman Sachs, and Jimmy Cayne of Bear Stearns.
Inside the cavernous armory hung “a huge indoor canopy... with a darkened sky of sparkling stars suspended above a grand chandelier,” mimicking the living room in Schwarzman’s $30 million apartment nearby, the New York Post reported the next day. The decor was copied, the paper observed, “even down to a grandfather clock and Old Masters paintings on the wall.”
R&B star Patti LaBelle was on hand to sing Happy Birthday.” Beneath an immense portrait of the financier—also a replica of one hanging in his apartment—the headliners, singer Rod Stewart and comic Martin Short, strutted and joked into the late hours. Schwarzman had chosen the armory Short quipped, because it was more intimate than his apartment. Stewart alone was known to charge $1 million for such appearances.
The $3 million gala was a self-coronation for the brash new king of a new Gilded Age, an era when markets were flush and crazy wealth saturated Wall Street and especially the private equity realm, where Schwarzman held sway as the CEO of Blackstone Group.