Enough! Enough! The page count on the latest version of Blackstone’s prospectus ahead of its IPO has reached 673 pages, notes Dealbook – more than double the size of the one originally filed in March.
By no means a record – Fortress filed a 792-pages tome with the SEC before its filing – but weighty nonetheless.
One immediate nugget was the news that the firm has nominated former Canadian prime minister Briam Mulroney to be a Blackstone director.
More interesting for us Brits, is that Lord Nathaniel Charles Jacob Rothschild will also be joining the Blackstone board. Lord Rothschild was last in the news when Spencer House Capital, his venture with Richard Horlick, Schroders’ former head of investment, launched a $200m fund investing in Kazakhstan as well as companies in Kyrgyzstan, Uzbekistan, Turkmenistan, Tajikistan and Russia.
William Parrett, until last week the chief executive of the accounting giant Deloitte Touche Tohmatsu, will be appointed to its board later this year. The three are expected to make up the group’s audit committee.
Faced with the mammoth document, there’s a question here about where disclosure becomes anti-disclosure – or at the very least unhelpful – but we’ll admit that our American counterparts seem remarkably adept at cutting through the hundreds of pages of SEC-speak in these filings. Perhaps we just need more practise – but in this case, we’re grateful to Dealbook for doing the hard work for us.