Stephen Schwarzman, CEO The Blackstone Group, a private equity firm, says that now is a good time for deals in the industry. Despite turmoil in credit markets and weakness in the U.S. economy, according to Mr. Schwarzman, returns for deals made now could far surpass the deals of 2007.“The heyday of 2007 was pretty remarkable in terms of the kind of credit one got,” Schwarzman says. “It’s unclear whether the deals done during that period will offer the best returns for private equity investors.”
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