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Time for Pessimism in PE Has Passed: Schwarzman

Thursday, 28 Jan 2010 | 2:30 AM ET

"The private equity business is really turning around. The value of companies, of course, has gone up as the economy has turned around. And I think people are looking forward to a really interesting time to be buying assets," Stephen Schwarzman, chairman & CEO of Blackstone Group, told CNBC Thursday.