Blackstone Group acquired a minority equity interest in hedge fund Magnetar Capital Partners, said Melinda McMullen, Magnetar spokeswoman.
The acquisition was made through Blackstone’s Strategic Capital Holdings fund, managed by Blackstone Alternative Asset Management, the firm’s hedge fund platform.
Magnetar Capital, a hedge fund manager with $13.6 billion in assets under management, operates global event-driven, fixed-income and energy strategies.
The firms have not disclosed the financial terms of the transaction or the size of the stake, Ms. McMullen said.
