Blackstone Buys a Majority Stake of Sandwich Chain Jersey Mike’s

The talks follow failed takeover negotiations last year that involved H&R, Blackstone, TPG and Crestpoint Real Estate Investments.

Ted Pick pointed to wealth management ​and asset management as areas where the bank could explore opportunities potential acquisitions.

As GP-led secondaries scale to record levels, top investors are flagging a widening gap between trophy assets and weaker deals, even as new financing tools like CFOs further blur the line between sale and securitization.