{"id":37619,"date":"2023-07-24T23:56:00","date_gmt":"2023-07-24T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=37619"},"modified":"2026-03-07T11:14:46","modified_gmt":"2026-03-07T03:14:46","slug":"%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/","title":{"rendered":"\u79c1\u52df\u57fa\u91d1\u5de8\u64d8\u9ed1\u77f3\uff08\u767e\u4ed5\u901a\uff0cBlackstone\uff09\u5982\u4f55\u8cfa\u9322\uff1f"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"\u986f\u793a\/\u96b1\u85cf\u5167\u5bb9\u76ee\u9304\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E5%85%AC%E5%8F%B8%E4%BB%8B%E7%B4%B9\" >\u516c\u53f8\u4ecb\u7d39<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E5%89%B5%E7%AB%8B\" >\u5275\u7acb<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E5%89%B5%E8%BE%A6%E4%BA%BA\" >\u5275\u8fa6\u4eba<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E5%92%8C%E8%B2%9D%E8%90%8A%E5%BE%B7%E7%9A%84%E9%97%9C%E4%BF%82\" >\u548c\u8c9d\u840a\u5fb7\u7684\u95dc\u4fc2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E4%B8%BB%E8%A6%81%E4%BD%B5%E8%B3%BC%E5%8F%B2\" >\u4e3b\u8981\u4f75\u8cfc\u53f2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E5%85%AC%E9%96%8B%E4%B8%8A%E5%B8%82\" >\u516c\u958b\u4e0a\u5e02<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E4%B8%BB%E8%A6%81%E6%A5%AD%E5%8B%99\" >\u4e3b\u8981\u696d\u52d9<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E6%A5%AD%E5%8B%99%E6%93%B4%E5%BC%B5%E5%8F%B2\" >\u696d\u52d9\u64f4\u5f35\u53f2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E5%85%AC%E5%8F%B8%E7%9A%84%E7%B6%93%E7%87%9F%E7%9B%AE%E6%A8%99\" >\u516c\u53f8\u7684\u7d93\u71df\u76ee\u6a19<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E8%B3%87%E7%94%A2%E7%AE%A1%E7%90%86%E7%95%8C%E7%9A%84%E9%87%8C%E7%A8%8B%E7%A2%91\" >\u8cc7\u7522\u7ba1\u7406\u754c\u7684\u91cc\u7a0b\u7891<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#1%E5%85%86%E7%BE%8E%E9%87%91\" >1\u5146\u7f8e\u91d1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#1%E5%85%86%E7%BE%8E%E9%87%91%E5%BE%9E%E4%BD%95%E8%80%8C%E4%BE%86%EF%BC%9F\" >1\u5146\u7f8e\u91d1\u5f9e\u4f55\u800c\u4f86\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E9%87%8D%E8%A6%81%E8%B3%87%E7%94%A2%E6%88%90%E9%95%B7%E8%A8%98%E9%8C%84\" >\u91cd\u8981\u8cc7\u7522\u6210\u9577\u8a18\u9304<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#2023%E5%B9%B4%E7%AC%AC%E4%BA%8C%E5%AD%A3%E5%BA%A6%E6%A5%AD%E7%B8%BE%E8%A1%A8%E7%8F%BE\" >2023\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u696d\u7e3e\u8868\u73fe<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E7%87%9F%E6%94%B6%E5%92%8C%E6%B7%A8%E5%88%A9\" >\u71df\u6536\u548c\u6de8\u5229<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E8%B3%87%E9%87%91%E9%81%8B%E7%94%A8%E6%96%B9%E9%9D%A2\" >\u8cc7\u91d1\u904b\u7528\u65b9\u9762<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E9%83%A8%E9%96%80%E8%A1%A8%E7%8F%BE\" >\u90e8\u9580\u8868\u73fe<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E6%8A%95%E8%B3%87%E7%B5%84%E5%90%88%E7%9A%84%E4%BC%B0%E5%80%BC\" >\u6295\u8cc7\u7d44\u5408\u7684\u4f30\u503c<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E6%8A%95%E8%B3%87%E6%A5%AD%E7%B8%BE\" >\u6295\u8cc7\u696d\u7e3e<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E6%9C%AA%E5%8B%95%E7%94%A8%E7%9A%84%E6%8A%95%E8%B3%87%E8%B3%87%E9%87%91\" >\u672a\u52d5\u7528\u7684\u6295\u8cc7\u8cc7\u91d1<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E7%AB%B6%E7%88%AD%E5%B0%8D%E6%89%8B\" >\u7af6\u722d\u5c0d\u624b<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#KKR\" >KKR<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E5%87%B1%E9%9B%B7\" >\u51f1\u96f7<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#TPG\" >TPG<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E9%98%BF%E6%B3%A2%E7%BE%85\" >\u963f\u6ce2\u7f85<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%e7%a7%81%e5%8b%9f%e5%b7%a8%e6%93%98%e9%bb%91%e7%9f%b3blackstone%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/#%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\" >\u76f8\u95dc\u6587\u7ae0<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%85%AC%E5%8F%B8%E4%BB%8B%E7%B4%B9\"><\/span>\u516c\u53f8\u4ecb\u7d39<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%89%B5%E7%AB%8B\"><\/span>\u5275\u7acb<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Blackstone_Inc.\" target=\"_blank\" rel=\"noreferrer noopener\">\u9ed1\u77f3<\/a>\u96c6\u5718\uff08Blackstone\uff0c\u7f8e\u80a1\u4ee3\u78bc\uff1aBX\uff09\u4e2d\u6587\u53c8\u8b6f\u4f5c\u300c\u767e\u4ed5\u901a\u96c6\u5718\u300d\uff082010\u5e7410\u6708\uff0c\u9ed1\u77f3\u653e\u68c4\u300c\u767e\u4ed5\u901a\u300d\u540d\u7a31\uff0c\u4e26\u5c07\u4e2d\u6587\u540d\u7a31\u8b8a\u66f4\u70ba\u300c\u9ed1\u77f3\u300d\uff09\uff0c\u662f\u8457\u540d\u7684\u79c1\u52df\u80a1\u6b0a\u6295\u8cc7\u548c\u6295\u8cc7\u7ba1\u7406\u516c\u53f8\uff0c\u7531<a href=\"https:\/\/zh.wikipedia.org\/wiki\/%E8%8B%8F%E4%B8%96%E6%B0%91\" target=\"_blank\" rel=\"noopener\">\u8607\u4e16\u6c11<\/a>\u53ca<a href=\"https:\/\/zh.wikipedia.org\/wiki\/%E5%BD%BC%E5%BE%97%C2%B7%E5%96%AC%E6%B2%BB%C2%B7%E5%BD%BC%E5%BE%97%E6%A3%AE\" target=\"_blank\" rel=\"noopener\">\u5f7c\u5f97\u00b7\u55ac\u6cbb\u00b7\u5f7c\u5f97\u68ee<\/a>\u65bc1985\u5e74\u5275\u7acb\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%89%B5%E8%BE%A6%E4%BA%BA\"><\/span>\u5275\u8fa6\u4eba<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>38\u6b72\u7684\u7336\u592a\u79fb\u6c11\u5f8c\u88d4\u8607\u4e16\u6c11\uff08Stephen A. Schwarzman\uff09\u548c\u4ed6\u7684\u5c0e\u5e2b\u5f7c\u5f97\u00b7\u5f7c\u5f97\u68ee\uff08Peter G. Peterson\uff09\u96e2\u958b\u96f7\u66fc\u5144\u5f1f\uff0c\u5171\u540c\u51fa\u8cc740\u842c\u7f8e\u5143\u5275\u8fa6\u4e86\u9ed1\u77f3\u2500\u2500\u2500\u5c08\u505a\u69d3\u687f\u6536\u8cfc\u3002\u540d\u5b57\u4f86\u81ea\u5169\u4f4d\u5275\u59cb\u4eba\uff0c\u662f\u4e8c\u4eba\u5c0d\u7956\u7c4d\u7684\u7d00\u5ff5\uff0cSchwarzman\u5728\u5fb7\u6587\u4e2d\u662f\u8b6f\u70ba\u9ed1\u8272\uff0cPeter\u5247\u662f\u5e0c\u81d8\u8a9e\u4e2d\u7684\u77f3\u982d\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%92%8C%E8%B2%9D%E8%90%8A%E5%BE%B7%E7%9A%84%E9%97%9C%E4%BF%82\"><\/span>\u548c\u8c9d\u840a\u5fb7\u7684\u95dc\u4fc2<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>1988\u5e74\u8c9d\u840a\u5fb7\u524d\u8eab \u2013&nbsp;<a href=\"https:\/\/en.wikipedia.org\/wiki\/Blackstone_Inc.\" target=\"_blank\" rel=\"noopener\">\u9ed1\u77f3\u96c6\u5718<\/a>\u91d1\u878d\u8cc7\u7522\u7ba1\u7406 (Blackstone Financial Management)\u90e8\u9580\u6210\u7acb\u30021992\u5e74\u8c9d\u840a\u5fb7\u81ea<a href=\"https:\/\/en.wikipedia.org\/wiki\/Blackstone_Inc.\" target=\"_blank\" rel=\"noopener\">\u9ed1\u77f3\u96c6\u5718<\/a>\uff08\u4e2d\u6587\u53c8\u8b6f\u4f5c\u767e\u4ed5\u901a\u96c6\u5718\uff0cBlackstone Group\uff0c\u7f8e\u80a1\u4ee3\u78bc\uff1aBX\uff09\u7368\u7acb\uff0c\u66f4\u540d\u70ba\u8c9d\u840a\u5fb7 (BlackRock)\u3002<\/p>\n\n\n\n<p>\u95dc\u65bc\u8c9d\u840a\u5fb7\uff0c \u8acb\u898b\u6211\u7684\u53e6\u4e00\u7bc7\u6587\u7ae0\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/09\/12\/%e5%85%a8%e7%90%83%e6%9c%80%e5%a4%a7%e7%9a%84%e6%8c%87%e6%95%b8%e5%92%8c%e8%b3%87%e7%94%a2%e7%ae%a1%e7%90%86%e4%bc%81%e6%a5%ad%e8%b2%9d%e8%90%8a%e5%be%b7%e6%98%af%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5168\u7403\u6700\u5927\u7684\u6307\u6578\u548c\u8cc7\u7522\u7ba1\u7406\u4f01\u696d\u8c9d\u840a\u5fb7\uff08BlackRock\uff09\u662f\u5982\u4f55\u8cfa\u9322\u7684\uff1f<\/a>\u300b\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%B8%BB%E8%A6%81%E4%BD%B5%E8%B3%BC%E5%8F%B2\"><\/span>\u4e3b\u8981\u4f75\u8cfc\u53f2<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u4ee5\u5275\u7d00\u9304\u7684360\u5104\u7f8e\u5143\u6536\u8cfc\u4e86\u5df2\u6545Sam Zell\u7684\u5e1d\u570b\u3002<\/p>\n\n\n\n<p>\u4ee5260\u5104\u7f8e\u5143\u5c07\u5e0c\u723e\u9813\u5168\u7403\u9152\u5e97\u79c1\u6709\u5316\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%85%AC%E9%96%8B%E4%B8%8A%E5%B8%82\"><\/span>\u516c\u958b\u4e0a\u5e02<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>2007\u5e74\uff0c\u9ed1\u77f3\u6210\u529f\u4e0a\u5e02\uff0c\u516c\u958b\u52df\u8cc7\u8d8540\u5104\u7f8e\u5143\uff0c\u662f\u7576\u5e74\u7e7c\u8c37\u6b4c\u4e0a\u5e02\u4ee5\u4f86\u7b2c\u4e8c\u5927IPO\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%B8%BB%E8%A6%81%E6%A5%AD%E5%8B%99\"><\/span>\u4e3b\u8981\u696d\u52d9<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%A5%AD%E5%8B%99%E6%93%B4%E5%BC%B5%E5%8F%B2\"><\/span>\u696d\u52d9\u64f4\u5f35\u53f2<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u9ed1\u77f3\u7684\u76ee\u5149\u4e0d\u6b62\u505c\u7559\u5728\u79c1\u52df\u80a1\u6b0a\uff0c\u5750\u93ae\u83ef\u723e\u8857\uff0c\u5176\u5f88\u65e9\u5c31\u6d1e\u5bdf\u5230\u8981\u5728\u6536\u8cfc\u696d\u52d9\u4e4b\u5916\u5be6\u73fe\u591a\u5143\u5316\uff0c\u958b\u59cb\u9678\u7e8c\u958b\u5c55\u5176\u4ed6\u8cc7\u7522\u7ba1\u7406\u696d\u52d9\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1990\u5e74\u63a8\u51fa\u5c0d\u6c96\u57fa\u91d1\u696d\u52d9<\/li>\n\n\n\n<li>1991\u5e74\u6d89\u8db3\u623f\u5730\u7522\u6295\u8cc7<\/li>\n\n\n\n<li>1998\u5e74\u6d89\u8db3\u4fe1\u8cb8\u6295\u8cc7<\/li>\n\n\n\n<li>2011\u5e74\u51fa\u5c08\u9580\u7684\u79c1\u4eba\u8ca1\u5bcc\u696d\u52d9<\/li>\n\n\n\n<li>2017\u5e74\u555f\u52d5\u57fa\u790e\u8a2d\u65bd\u6230\u7565<\/li>\n\n\n\n<li>2018\u5e74\u958b\u59cb\u4fdd\u96aa\u89e3\u6c7a\u65b9\u6848\u7ba1\u7406\u548c\u751f\u547d\u79d1\u5b78\u696d\u52d9<\/li>\n\n\n\n<li>2020\u5e74\u6709\u4e86\u7b2c\u4e00\u96bb\u6210\u9577\u80a1\u7968\u57fa\u91d1<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%85%AC%E5%8F%B8%E7%9A%84%E7%B6%93%E7%87%9F%E7%9B%AE%E6%A8%99\"><\/span>\u516c\u53f8\u7684\u7d93\u71df\u76ee\u6a19<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u5982\u4eca\uff0c\u5e7e\u4e4e\u6240\u6709\u9019\u4e9b\u4e3b\u8981\u696d\u52d9\u9818\u57df\u90fd\u662f\u5404\u81ea\u8cc7\u7522\u985e\u5225\u7684\u4f7c\u4f7c\u8005\uff0c\u5177\u6709\u5353\u8d8a\u7684\u9577\u671f\u696d\u7e3e\u300230\u591a\u5e74\u88e1\uff0c\u5de8\u7121\u9738\u5147\u731b\u5d1b\u8d77\uff0c\u7bc9\u6210\u4e86\u4e00\u500b\u9f90\u5927\u7684\u91d1\u878d\u5e1d\u570b\u3002\u8607\u4e16\u6c11\u8868\u793a\uff1a\u300c\u6211\u5011\u5f9e\u4e00\u652f\u79c1\u52df\u80a1\u6b0a\u57fa\u91d1\u958b\u59cb\uff0c\u73fe\u5728\u505a\u4e8670\u591a\u7a2e\u4e0d\u540c\u7684\u4e8b\u60c5<strong>\u3002<\/strong>\u300d\u56de\u904e\u982d\u4f86\u770b\uff0c\u505a\u5927\u898f\u6a21\u662f\u9ed1\u77f3\u5d1b\u8d77\u8def\u4e0a\u6700\u5805\u5b9a\u7684\u8ffd\u6c42\u4e4b\u4e00<strong>\u3002<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%B3%87%E7%94%A2%E7%AE%A1%E7%90%86%E7%95%8C%E7%9A%84%E9%87%8C%E7%A8%8B%E7%A2%91\"><\/span>\u8cc7\u7522\u7ba1\u7406\u754c\u7684\u91cc\u7a0b\u7891<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1%E5%85%86%E7%BE%8E%E9%87%91\"><\/span>1\u5146\u7f8e\u91d1<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>2023\u5e747\u670820\u65e5\uff0c\u9ed1\u77f3\u767c\u5e032023\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8ca1\u5831\uff0c\u9ed1\u77f3\u6700\u65b0\u7e3d\u8cc7\u7522\u7ba1\u7406\u898f\u6a21\uff08AUM\uff09\u6b63\u5f0f\u7a81\u78341\u5146\u7f8e\u91d1\uff081.00136\u5146\u7f8e\u91d1\uff09\uff0c\u5275\u4e0b\u6700\u9ad8\u6b77\u53f2\u7d00\u9304\u3002\u9ed1\u77f3\u662f\u7b2c\u4e00\u5bb6\u8cc7\u7522\u7ba1\u7406\u898f\u6a21\u7a81\u78341\u5146\u7f8e\u5143\u7684\u8cc7\u7522\u7ba1\u7406\u516c\u53f8\u3002\u9019\u4e00\u6b65\u4f10\u5df2\u7d93\u9060\u9060\u9818\u5148\u65bc\u5176\u4ed6\u7af6\u722d\u5c0d\u624b\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1%E5%85%86%E7%BE%8E%E9%87%91%E5%BE%9E%E4%BD%95%E8%80%8C%E4%BE%86%EF%BC%9F\"><\/span>1\u5146\u7f8e\u91d1\u5f9e\u4f55\u800c\u4f86\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u516c\u53f8\u7e3d\u8cc7\u7522\u7ba1\u7406\u898f\u6a21\u70ba1\u5146\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u9577 6%\uff0c\u5176\u4e2d\u5305\u62ec\u4e86\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6536\u8cbb\u8cc7\u7522\u7ba1\u7406\u898f\u6a21\u70ba 7,311 \u5104\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u9577 7%<\/li>\n\n\n\n<li>\u6c38\u7e8c\u8cc7\u672c\u7ba1\u7406\u898f\u6a21\u70ba 3,843 \u5104\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u9577 8%<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%87%8D%E8%A6%81%E8%B3%87%E7%94%A2%E6%88%90%E9%95%B7%E8%A8%98%E9%8C%84\"><\/span>\u91cd\u8981\u8cc7\u7522\u6210\u9577\u8a18\u9304<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>2007\u5e74\u9ed1\u77f3\u4e0a\u5e02\u6642\uff0c\u6240\u7ba1\u7406\u7684\u8cc7\u7522\u5df2\u9054\u5230880\u5104\u7f8e\u5143\uff0c\u5230\u4e862009\u5e74\u5e95\u9019\u4e00\u6578\u5b57\u5df2\u7d93\u98c6\u5347\u81f31000\u5104\u7f8e\u5143\u30022023\u5e74\u5247\u7a81\u78341\u5146\u7f8e\u91d1\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2023%E5%B9%B4%E7%AC%AC%E4%BA%8C%E5%AD%A3%E5%BA%A6%E6%A5%AD%E7%B8%BE%E8%A1%A8%E7%8F%BE\"><\/span>2023\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u696d\u7e3e\u8868\u73fe<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%87%9F%E6%94%B6%E5%92%8C%E6%B7%A8%E5%88%A9\"><\/span>\u71df\u6536\u548c\u6de8\u5229<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>2023\u5e74\u7b2c\u4e8c\u5b63\u5ea6\uff0c\u9ed1\u77f3\u8ca1\u5831\u7684\u5169\u5927\u95dc\u9375\u6307\u6a19\u70ba\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u71df\u653628.15\u5104\u7f8e\u5143\uff0c\u540c\u6bd4\u64f4\u59273.47\u500d\u3002<\/li>\n\n\n\n<li>\u6de8\u5229\u6f64\u589e\u81f36.013 \u5104\u7f8e\u5143\uff0c\u5373\u6bcf\u80a1\u6536\u76ca79\u7f8e\u5206\uff1b\u800c2022\u5e74\u540c\u671f\u5247\u8667\u640d2940\u842c\u7f8e\u5143\uff0c\u5373\u6bcf\u80a1\u6536\u76ca4\u7f8e\u5206\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%B3%87%E9%87%91%E9%81%8B%E7%94%A8%E6%96%B9%E9%9D%A2\"><\/span>\u8cc7\u91d1\u904b\u7528\u65b9\u9762<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u672c\u5b63\u5ea6\u6d41\u5165\uff08Inflows\uff09 301 \u5104\u7f8e\u5143\uff0cLTM\uff08\u904e\u53bb\u4e00\u5e74\uff09 \u671f\u9593\u6d41\u5165 1,584 \u5104\u7f8e\u5143 <\/li>\n\n\n\n<li>\u672c\u5b63\u5ea6\u90e8\u7f72\uff08Deployment\uff09 195 \u5104\u7f8e\u5143\uff0cLTM \u90e8\u7f72 803 \u5104\u7f8e\u5143 <\/li>\n\n\n\n<li>\u672c\u5b63\u5ea6\u5be6\u73fe\uff08Realizations\uff09 172 \u5104\u7f8e\u5143\uff0cLTM \u5be6\u73fe 644 \u5104\u7f8e\u5143<\/li>\n<\/ul>\n\n\n\n<p>\u53ef\u5206\u914d\u6536\u76ca\uff08\u5373\u53ef\u4ee5\u8fd4\u9084\u7d66\u80a1\u6771\u7684\u73fe\u91d1\uff09\u65b9\u9762\uff0c\u9ed1\u77f3\u5f9e2022\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u768419.9\u5104\u7f8e\u5143\u964d\u81f312.1\u5104\u7f8e\u5143\uff0c\u4e0b\u964d\u4e8639%\u3002\u4e3b\u8981\u539f\u56e0\u5728\u65bc\u8cc7\u7522\u92b7\u552e\u4e0b\u6ed1\uff0c\u4ee5\u53ca\u9996\u6b21\u516c\u958b\u52df\u80a1\u7684\u5927\u74b0\u5883\u4e0d\u4f73\u3002\u7531\u65bc\u5229\u7387\u4e0a\u5347\u3001\u901a\u8ca8\u81a8\u8139\u548c\u7d93\u6fdf\u4e0d\u78ba\u5b9a\u6027\u7e7c\u7e8c\u5f71\u97ff\u5176\u4f75\u8cfc\u6d3b\u52d5\uff0c\u5176\u8cc7\u7522\u92b7\u552e\u6de8\u5229\u6f64\u5f9e2022\u5e74\u540c\u671f\u768422\u5104\u7f8e\u5143\u9a5f\u964d82%\u81f33.9\u5104\u7f8e\u5143\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%83%A8%E9%96%80%E8%A1%A8%E7%8F%BE\"><\/span>\u90e8\u9580\u8868\u73fe<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u4e3b\u8981\u7684\u90e8\u9580\u8868\u73fe\u5982\u4e0b\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6700\u5927\u7684\u7a9f\u7abf\u4e3b\u8981\u4f86\u81ea\u5176\u623f\u5730\u7522\u90e8\u9580\uff0c\u6de8\u5229\u6f64\u4e0b\u964d\u4e8694%\u3002<\/li>\n\n\n\n<li>\u800c\u4fe1\u8cb8\u90e8\u9580\u7684\u6de8\u5229\u6f64\u4e5f\u4e0b\u964d\u4e8646%\u3002\u7279\u5225\u662f\u82072022 \u5e74\u7b2c\u4e8c\u5b63\u5ea6\u76f8\u6bd4\uff0c\u7576\u6642\u9ed1\u77f3\u96c6\u5718\u51fa\u552e\u4e86\u62c9\u65af\u7dad\u52a0\u65af\u7684\u5927\u90fd\u6703\u9152\u5e97\u548c\u8ced\u5834\uff0c\u4e26\u5c0d\u5176\u5927\u578b\u6b50\u6d32\u7269\u6d41\u696d\u52d9\u9032\u884c\u4e86\u8cc7\u672c\u91cd\u7d44\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%8A%95%E8%B3%87%E7%B5%84%E5%90%88%E7%9A%84%E4%BC%B0%E5%80%BC\"><\/span>\u6295\u8cc7\u7d44\u5408\u7684\u4f30\u503c<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u800c\u6295\u8cc7\u8868\u73fe\u4e0a\uff0c\u9ed1\u77f3\u7b2c\u4e8c\u5b63\u5ea6\u5e7e\u4e4e\u6240\u6709\u4e3b\u8981\u7b56\u7565\u7684\u6295\u8cc7\u7d44\u5408\u4f30\u503c\u5747\u6709\u6240\u4e0a\u5347\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4f01\u696d\u79c1\u52df\u80a1\u6b0a\u548c\u79c1\u4eba\u4fe1\u8cb8\u7b56\u7565\u8868\u73fe\u6700\u4f73\uff0c\u5176\u4e2d\u9ed1\u77f3\u79c1\u52df\u4fe1\u8cb8\u677f\u584a\u6536\u76ca\u7387\u9a5a\u4eba\u2500\u2500\u2500\u904e\u53bb12\u500b\u6708\u7684\u8868\u73fe\u9ad8\u905412.7%\u3002<\/li>\n\n\n\n<li>\u53ea\u6709\u5176\u9ad8\u98a8\u96aa\u3001\u9ad8\u56de\u5831\u7684\u623f\u5730\u7522\u6301\u5009\u6301\u5e73\u3002<\/li>\n\n\n\n<li>\u6d41\u5165\u984d\u70ba301\u5104\u7f8e\u5143\uff0c\u4fdd\u96aa\u548c\u4fe1\u8cb8\uff08\u5305\u62ec\u623f\u5730\u7522\u4fe1\u8cb8\uff09\u63a8\u52d5\u6d41\u5165\u8d85\u904e\u9580\u6abb\u3002\u4f46\u6de8\u6d41\u5165\u7e3d\u984d\u70ba170\u5104\u7f8e\u5143\uff0c\u540c\u6bd4\u6e1b\u5c1177%\u3002<\/li>\n\n\n\n<li>\u79c1\u52df\u80a1\u6b0a\u677f\u584a\uff0c\u622a\u6b62\u4eca\u5e74\u4e8c\u5b63\u5ea6\u672b\uff0c\u9ed1\u77f3\u79c1\u52df\u696d\u52d9\u7e3d\u8cc7\u7522\u7ba1\u7406\u898f\u6a21\u589e\u95777%\u81f32953\u5104\u7f8e\u5143\uff0c\u672c\u5b63\u5ea6\u52df\u4e8685\u5104\u7f8e\u5143\uff0c\u6bd4\u9577\u671f\u8cc7\u7522\u7ba1\u7406\u898f\u6a21\u9ad8363\u5104\u7f8e\u5143\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%8A%95%E8%B3%87%E6%A5%AD%E7%B8%BE\"><\/span>\u6295\u8cc7\u696d\u7e3e<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u4ee5\u4e0b\u662f\u6309\u5e02\u5834\u7d30\u5206\u6240\u5283\u5206\u7684\u6295\u8cc7\u696d\u7e3e\uff08\u5347\u503c\/\u7e3d\u56de\u5831\uff09\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u623f\u5730\u7522\uff1a\u6a5f\u6703\uff08Opportunistic&nbsp;\uff09 0.0%\uff1b \u6838\u5fc3%+1.7%<\/li>\n\n\n\n<li>\u79c1\u52df\u80a1\u6b0a\uff1a\u4f01\u696d\u79c1\u52df\u80a1\u6b0a+3.5%\uff1b \u7b56\u7565\u6027\u6a5f\u6703+1.8%\uff1b \u6b21\u8981\u6a5f\u6703+2.3%<\/li>\n\n\n\n<li>\u5c0d\u6c96\u57fa\u91d1\u89e3\u6c7a\u65b9\u6848\uff1a+1.9%<\/li>\n\n\n\n<li>\u4fe1\u8cb8\u548c\u4fdd\u96aa\uff1a\u79c1\u4eba\u4fe1\u8cb8+3.3%\uff1b \u6d41\u52d5\u4fe1\u8cb8+2.8%<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%9C%AA%E5%8B%95%E7%94%A8%E7%9A%84%E6%8A%95%E8%B3%87%E8%B3%87%E9%87%91\"><\/span>\u672a\u52d5\u7528\u7684\u6295\u8cc7\u8cc7\u91d1<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u503c\u5f97\u4e00\u63d0\u7684\u662f\uff0c\u76ee\u524d\u9ed1\u77f3\u7684\u672a\u52d5\u7528\u6295\u8cc7\u8cc7\u91d1\u8d85\u904e1900\u5104\u7f8e\u5143\u3002\u5176\u4e2d\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u79c1\u52df\u80a1\u6b0a\u677f\u584a\u5408\u8a08835\u5104\u7f8e\u5143<\/li>\n\n\n\n<li>\u623f\u5730\u7522\u677f\u584a\u5408\u8a08640\u5104\u7f8e\u5143<\/li>\n\n\n\n<li>\u4fe1\u8cb8\u8207\u4fdd\u96aa\u677f\u584a\u5408\u8a08399\u5104\u7f8e\u5143<\/li>\n\n\n\n<li>\u5c0d\u6c96\u57fa\u91d1\u677f\u584a\u5408\u8a0871\u5104\u7f8e\u5143<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%AB%B6%E7%88%AD%E5%B0%8D%E6%89%8B\"><\/span>\u7af6\u722d\u5c0d\u624b<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"KKR\"><\/span>KKR<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>KKR &amp; Co \uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aKKR\uff09\u662f\u4e00\u5bb6\u79c1\u52df\u80a1\u6b0a\u548c\u623f\u5730\u7522\u6295\u8cc7\u516c\u53f8\uff0c\u5c08\u9580\u5f9e\u4e8b\u76f4\u63a5\u6295\u8cc7\u548c\u57fa\u91d1\u4e2d\u7684\u57fa\u91d1\u6295\u8cc7\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%87%B1%E9%9B%B7\"><\/span>\u51f1\u96f7<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u51f1\u96f7\u6295\u8cc7\u96c6\u5718\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aCG\uff09\u662f\u4e00\u5bb6\u5c08\u9580\u5f9e\u4e8b\u76f4\u63a5\u6295\u8cc7\u548c\u57fa\u91d1\u4e2d\u7684\u57fa\u91d1\uff08fund of fund\uff09\u6295\u8cc7\u7684\u6295\u8cc7\u516c\u53f8\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TPG\"><\/span>TPG<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>TPG\uff08\u7f8e\u80a1\u4ee3\u78bc\uff1aTPG\uff09\u4e2d\u6210\u7acb\u65bc1992\u5e74\uff0c\u662f\u4e00\u5bb6\u5168\u7403\u9818\u5148\u7684\u53e6\u985e\u8cc7\u7522\u7ba1\u7406\u516c\u53f8\uff0c\u65d7\u4e0b\u7ba1\u7406\u7684\u8cc7\u7522\u898f\u6a21\u8d85\u904e1090\u5104\u7f8e\u5143\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%98%BF%E6%B3%A2%E7%BE%85\"><\/span>\u963f\u6ce2\u7f85<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u963f\u6ce2\u7f85\uff08Apollo Global Management\uff0c\u7f8e\u80a1\u4ee3\u78bc\uff1aAPO\uff09\u662f\u4e00\u5bb6\u79c1\u52df\u80a1\u6b0a\u516c\u53f8\uff0c\u5c08\u9580\u5f9e\u4e8b\u4fe1\u8cb8\u3001\u79c1\u52df\u80a1\u6b0a\u548c\u623f\u5730\u7522\u5e02\u5834\u7684\u6295\u8cc7\u3002\u516c\u53f8\u4ee5\u5176\u958b\u5275\u6027\u4fdd\u96aa\u696d\u52d9\u548c\u5927\u578b\u4fe1\u8cb8\u90e8\u9580\u800c\u805e\u540d\u7684\u963f\u6ce2\u7f85\uff0c\u4e5f\u8a2d\u5b9a\u4e86\u52302026 \u5e74\u8cc7\u7522\u9054\u52301\u842c\u5104\u7f8e\u5143\u7684\u76ee\u6a19\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"119\" height=\"46\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2023\/07\/bx.jpg\" alt=\"\u9ed1\u77f3\" class=\"wp-image-37678\"\/><figcaption class=\"wp-element-caption\">credit: Wiki<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\"><\/span>\u76f8\u95dc\u6587\u7ae0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/03\/06\/%e8%b2%9d%e6%81%a9%e8%b3%87%e6%9c%ac%ef%bc%88bain-capital%ef%bc%89\/\">\u8c9d\u6069\u8cc7\u672c\uff08Bain Capital\uff09<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/02\/08\/kkr%E5%A6%82%E4%BD%95%E8%B3%BA%E9%8C%A2\/\">KKR\u5982\u4f55\u8cfa\u9322\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/12\/06\/%e5%87%b1%e9%9b%b7%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2carlyle\/\">\u51f1\u96f7\u5982\u4f55\u8cfa\u9322\uff08Carlyle Group\uff09<\/a>\u300b<\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/07\/26\/%E3%80%8A%E5%A6%82%E4%BD%95%E6%8A%95%E8%B3%87%EF%BC%88how-to-invest%EF%BC%89%E3%80%8B\/\">\u300a\u5982\u4f55\u6295\u8cc7\uff08How to Invest\uff09\u300b <\/a><\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/07\/24\/%E7%A7%81%E5%8B%9F%E5%B7%A8%E6%93%98%E9%BB%91%E7%9F%B3blackstone%E5%A6%82%E4%BD%95%E8%B3%BA%E9%8C%A2\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u79c1\u52df\u57fa\u91d1\u5de8\u64d8\u9ed1\u77f3\uff08\u767e\u4ed5\u901a\uff0cBlackstone\uff09\u5982\u4f55\u8cfa\u9322\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/09\/12\/%e5%85%a8%e7%90%83%e6%9c%80%e5%a4%a7%e7%9a%84%e6%8c%87%e6%95%b8%e5%92%8c%e8%b3%87%e7%94%a2%e7%ae%a1%e7%90%86%e4%bc%81%e6%a5%ad%e8%b2%9d%e8%90%8a%e5%be%b7%e6%98%af%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5168\u7403\u6700\u5927\u7684\u6307\u6578\u548c\u8cc7\u7522\u7ba1\u7406\u4f01\u696d\u8c9d\u840a\u5fb7\uff08BlackRock\uff09\u662f\u5982\u4f55\u8cfa\u9322\u7684\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/12\/04\/%E5%A4%A7%E9%83%A8%E4%BB%BD%E6%8A%95%E8%B3%87%E4%BA%BA%E6%87%89%E8%AE%93%E8%B2%B7%E5%A4%A7%E7%9B%A4etf\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5927\u90e8\u4efd\u7684\u6295\u8cc7\u4eba\u61c9\u8a72\u6295\u8cc7\u5927\u76e4ETF<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/02\/08\/%E6%8A%95%E8%B3%87%E4%BA%BA%E6%87%89%E8%A9%B2%E9%81%B8%E6%93%87%E5%9C%A8%E7%BE%8E%E5%9C%8B%E7%99%BC%E8%A1%8C%E7%9A%84%E7%BE%8E%E5%9C%8B%E5%A4%A7%E7%9B%A4etf\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6295\u8cc7\u4eba\u61c9\u8a72\u9078\u64c7\u5728\u7f8e\u570b\u767c\u884c\u7684\u7f8e\u570b\u5927\u76e4ETF<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/12\/13\/%E4%B8%BB%E8%A6%81%E7%9A%84%E7%BE%8E%E8%82%A1%E5%A4%A7%E7%9B%A4%E6%8C%87%E6%95%B8%E5%92%8C%E5%8D%81%E5%A4%A7etf\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u7f8e\u80a1\u5927\u76e4\u5341\u5927ETF\u548c\u4e3b\u8981\u76846\u5927\u7f8e\u80a1\u5927\u76e4\u6307\u6578<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/08\/31\/%e5%b9%b4%e5%8c%96%e6%8a%95%e8%b3%87%e5%a0%b1%e9%85%ac%e7%8e%87%e8%a8%88%e7%ae%97%e5%99%a8\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u5e74\u5316\u6295\u8cc7\u5831\u916c\u7387\uff08IRR\uff09\u8a08\u7b97\u5668<\/a>\u300b<\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/behind-the-scenes\/homework\/%e5%a6%82%e4%bd%95%e8%a8%88%e7%ae%97%e6%8a%95%e8%b3%87%e5%a0%b1%e9%85%ac%e7%8e%87%ef%bc%9f\/\">\u300a\u6295\u8cc7\u4eba\u61c9\u91cd\u8996\u7684\u662f\u5e74\u5316\u5831\u916c\u7387\u300b<\/a><\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/09\/11\/%e6%a8%99%e6%99%ae500%e6%8c%87%e6%95%b8%e5%b9%b4%e5%8c%96%e5%a0%b1%e9%85%ac%e7%8e%87%e6%9f%a5%e8%a9%a2%e5%99%a8\/\">\u6a19\u666e500\u6307\u6578\u5e74\u5316\u5831\u916c\u7387\u67e5\u8a62\u5668<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/07\/25\/%e5%94%af%e4%b8%80%e5%80%bc%e5%be%97%e6%b0%b8%e4%b9%85%e6%8c%81%e6%9c%89%e7%9a%84%e8%82%a1%e7%a5%a8\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6a19\u666e500\u6307\u6578\uff0c\u552f\u4e00\u503c\u5f97\u6c38\u4e45\u6301\u6709\u7684\u80a1\u7968<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/05\/03\/%e6%8a%95%e8%b3%87%e4%ba%ba%e8%a9%b2%e8%bf%bd%e9%80%90esg%e7%9a%84%e9%a2%a8%e6%bd%ae%e5%97%8e%ef%bc%9f\/\">\u6295\u8cc7\u4eba\u8a72\u8ffd\u9010ESG\u55ce\uff1f<\/a>\u300b<\/li>\n<\/ul>\n\n\n\n<p><em><strong>\u91cd\u8981\u8072\u660e<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>\u672c\u7ad9\u5167\u5bb9\u70ba\u4f5c\u8005\u500b\u4eba\u610f\u898b\uff0c\u50c5\u4f9b\u53c3\u8003\uff0c\u672c\u4eba\u4e0d\u5c0d\u6587\u7ae0\u5167\u5bb9\u3001\u8cc7\u6599\u4e4b\u6b63\u78ba\u6027\u3001\u770b\u6cd5\u3001\u8207\u5373\u6642\u6027\u8ca0\u4efb\u4f55\u8cac\u4efb\uff0c\u8b80\u8005\u8acb\u52d9\u5fc5\u81ea\u884c\u5224\u65b7\u3002<\/em><\/li>\n\n\n\n<li><em>\u5c0d\u65bc\u8b80\u8005\u76f4\u63a5\u6216\u9593\u63a5\u4f9d\u8cf4\u4e26\u53c3\u8003\u672c\u7ad9\u8cc7\u8a0a\u5f8c\uff0c\u63a1\u53d6\u4efb\u4f55\u6295\u8cc7\u884c\u70ba\u6240\u5c0e\u81f4\u4e4b\u76f4\u63a5\u6216\u9593\u63a5\u640d\u5931\uff0c\u6216\u56e0\u6b64\u7522\u751f\u4e4b\u4e00\u5207\u8cac\u4efb\uff0c\u672c\u4eba\u5747\u4e0d\u8ca0\u4efb\u4f55\u640d\u5bb3\u8ce0\u511f\u53ca\u5176\u4ed6\u6cd5\u5f8b\u4e0a\u4e4b\u8cac\u4efb\u3002<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u8607\u4e16\u6c11\u548c\u4ed6\u7684\u5c0e\u5e2b\u5f7c\u5f97\u00b7\u5f7c\u5f97\u68ee\u96e2\u958b\u96f7\u66fc\u5144\u5f1f\uff0c\u5171\u540c\u51fa\u8cc740\u842c\u7f8e\u5143\u5275\u8fa6\u4e86\u9ed1\u77f3<\/p>\n","protected":false},"author":1,"featured_media":37678,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23,336,335,813,812,172,556,449,279,3,450,22],"tags":[1169,1028,983,982,1168,1167],"class_list":["post-37619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-private-equity","category-investment","category-acquisitions","category-divestiture","category-spinoff","category-alternative-investments","category-real-estate-industry","category-portfolio-management","category-wealthy-management","category-us-stocks","category-wealth-management","category-venture-capital","tag-apo","tag-blk","tag-bx","tag-cg","tag-kkr","tag-tpg"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/37619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/comments?post=37619"}],"version-history":[{"count":3,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/37619\/revisions"}],"predecessor-version":[{"id":77275,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/37619\/revisions\/77275"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media\/37678"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media?parent=37619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/categories?post=37619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/tags?post=37619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}