The year in private equity

What started out as a banner year for buyout deals quickly soured when the credit crisis hit. A look at the biggest stories of the year, and what's in store for 2008.

Big bucks for Blackstone
Fortune Magazine dubbed Blackstone's Steve Schwarzman "The new king of Wall Street" in the spring.
Big bucks for Blackstone
The Blackstone Group goes public on the New York Stock Exchange. The $4 billion IPO gives retail investors the chance to buy into one of the titans of private equity.

Investors - including the Chinese government, which buys a $3 billion stake in the firm ahead of the offering - flock to the deal.

Shares surge 13 percent on their first day of trading. But some observers wonder whether savvy players like Blackstone chief Steve Schwarzman are cashing in before the market turns.

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.