Private Equity

Blackstone to grant equity to most employees in future US buyouts

Effort follows a broad-based ownership push by KKR and others

The move is another way Blackstone aims to provide more opportunities for lower-level workers.
The move is another way Blackstone aims to provide more opportunities for lower-level workers. Photo: Jeenah Moon/Bloomberg News

Blackstone wants rank-and-file employees at the companies it buys to own a piece of their business.

The investment giant will grant equity to most employees at its large US buyouts, executives at the firm said. The initiative, which it plans to announce to its investors at a conference this week, will apply to all new deals going forward in which its private equity business buys control of a company.

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