Blackstone has filed. KKR supposedly hot on their heels.

Wow. I think we are seeing the authentication – the “officialization” – of these alternative investment vehicles. Jonathan swears Providence isn’t going down that road. Who knows. I’m sure a diversification of our offering is in the works, though, and that implies increased sophistication of the internal management (my hiring was one piece of that). Of course am reminded of the brouhaha over the Goldman IPO almost 10 years ago. Small group of folks going to get really rich and really liquid, really fast.