How Blackstone's Jon Gray Built a Career by Being Bold

like something there's this great piece great press that I care about exactly how John Gray is going to take over this company so tell us about it well I mean so this is yo John Gray has been long sort of talked about I think in more quiet ways on Wall Street we can't get again yeah it's a great week for balls now really and you know what's interesting about John Gray who does we should point out have a nice head of hair you know this is a moment on Wall Street not just at the big banks but in private equity where the the Titans the tycoons are starting to do some real succession planning you know John Gray is interesting because he's never worked anywhere other than Blackstone he came straight out of UPenn and he built this business his challenge as we point out in the story is going to be can he sort of spread that that magic dust on the rest of the businesses on private equity on hedge funds and on credit all of which are very competitive you know one thing that I thought was interesting was how people in the story were saying that John Gray revolutionized real estate investing what do they mean by that well what he really saw was that the there were publicly traded real estate assets that were undervalued and so he did over the course of about a decade or more almost 30 public to private transactions where he took real estate asset took it private hilton being sort of the the big big big example of that yeah and between hilton & exit' and equity office properties which were 2007 era deals black Simmons and its investors made upwards of 20 billion dollars in profits not so shabby

Channel: Bloomberg Television

Views: 10,574

Keywords: Bloomberg

Id: lI_ggrNQbxM

Length: 1min 43sec (103 seconds)

Published: Fri Mar 16 2018