He sold 3.25 million shares at between $26.71 to $27.85 each, according to a recent SEC filing. This follows the sale of around 8.25 million shares earlier this year, earning him over $100m.
James said he has no plans on departing the New York-listed firm, the report said. Prior to joining Blackstone in 2002 he was chairman of global investment banking and private equity at Credit Suisse First Boston and previously was chairman of Donaldson, Lufkin & Jenrette’s banking group.
In a recent interview, James said the “good times” for private equity firms are just beginning despite a dearth of deal activity, pointing to factors such as the US economic recovery, the stabilisation of Europe and a rebounding China.
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