Sources say Blackstone (BX) has written down LBO debt it bought last year from Deutsche Bank...

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

Sources say Blackstone (BX) has written down LBO debt it bought last year from Deutsche Bank (DB) (on the cheap) for billions of dollars to zero. Blackstone told investors last week it has marked down the value of its private-equity holdings by about 20%, and real-estate assets by 30%.