Blackstone posted a loss of $1.16bn for 2008 and marked down private equity and real estate holdings by 20 to 30 per cent, on top of earlier writedowns. Heavily indebted holdings such as Hilton Hotels and Freescale Semiconductor will struggle to service debts. Likewise, KKR's European listed vehicle also saw nothing but red ink. It slashed valuations by 48 per cent as companies such as First Data, Alliance Boots and ProSiebenSat struggled. The picture will be the same for many deals done by still private competitors, particularly the most aggressive 2006 and 2007 vintage.
百仕通2008年錄得虧損11.6億美元，并在先前減記的基礎上，將其所持私人股本和房地產股權進一步減記20%至30%。為持有希爾頓酒店(Hilton Hotels)和飛思卡爾半導體(Freescale Semiconductor)的股權，它借入了高額債務，在償還上將十分艱難。同樣，KKR的歐洲上市公司也面臨著虧損局面。由于First Data、Alliance Boots和ProSiebenSat等公司均在困境中掙扎，該公司股價下跌了48%。那些未上市私人股本公司完成的很多交易，特別是在最瘋狂的2006年、2007年完成的交易，也都落得了相同的命運。