The Pete Peterson Hook Up

blackstoneiposecondayfirstdaypopletdisapointingipoperformancedownwarddowndowndown.JPGWe've always wanted to be friends with Blackstone co-founder Pete Peterson because he's sure to have some side-splitting tales about watching Steve Schwarzman try to masturbate and/or sleep in a water bed, two activities which, anatomically speaking, are damn near impossible for SS to do. The whole him being loaded thing was secondary, and besides, who's to say he's not one of those super cheap billionaires who insists on dividing up the bill according to what each person ate when out to dinner with friends? Recent news, apparently. The Observer's Max Abelson reports that Peterson just bought his pal Leslie Gelb a little apartment on East 69th Street and there was nothing in it for PP. Wasn't anything too flashy, just a $3,040,000 co-op, but he knew living in squalor would make Gelb and the family happy.

"It's perfect for them," Mr. Peterson said. "It's not a large apartment--has kind of a small dinning room and a small living room, and I don't know whether there are two bedrooms or three but they're rather small. ... What I really like is that they like it."


What a Mensch! Pete Peterson Buys Pal Les Gelb a $3 M. Co-op [The Observer]

Comments

1

Posted by guest, Aug 27, 2008 4:16PM

Pete, what did I tell you about puttin' on a jimmy hat?

2

Posted by guest, Aug 27, 2008 4:21PM

Fannie mae halted and restructuring

3

Posted by Anal_yst, Aug 27, 2008 4:32PM

WTF the CFO who was undoubtedly complicit in steering this bullship is leaving for "other opportunities in Private Equity?"

I"m sure the LP's are gonna love the value he brings to any PE team...

4

Posted by guest, Aug 27, 2008 4:40PM

Who knew they had a chief risk officer at Fannie? He might want to be a little vague with his title on his resume when he goes looking for his next gig.

5

Posted by guest, Aug 27, 2008 4:45PM

“Let me give you the background,” Mr. Peterson said after returning The Observer’s phone call, much to The Observer’s surprise"

I have to contact a lot of people in the finance industry to invite them to events and I have to say, for someone as rich/busy/way more imporant than I am, he always takes the time to reply to my emails personally with a polite, 'thanks, but no thanks.' Not many people at his level would bother.

6

Posted by guest, Aug 27, 2008 4:58PM

CFO has to be connected up the washington ying yang and probably owed some favors by those people(considering many millions of FNM $$ flowed to Washington powerbrokers/lobbyists in the last 7 years).

7

Posted by guest, Aug 27, 2008 4:59PM

Anal_yst used a T. Sykes word
he's read the book and been converted!

8

Posted by Anal_yst, Aug 27, 2008 5:31PM

@7

thats a sykes word?

Shit.

(falls on sword)

9

Posted by Lowly Assistant, Aug 27, 2008 5:32PM

Young hearts be free tonight.
http://dealbreaker.com/2007/05/whats_happening_in_this_comple.php#comments

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