If you've got a billion to commit, has Blackstone (BX) got a deal for you: A break on fees (1%...

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

If you've got a billion to commit, has Blackstone (BX) got a deal for you: A break on fees (1% management fees, vs. 1.5% for a smaller commitment). It's a move likely aimed at a few specific partners, since few publicly disclosed investors are willing or able to reach the $1B mark; state retirement systems are among the bigger investors (in the $271M-500M range).