RITHOLTZ: Makes a lot of sense. And, you know, what I sort of decided as well, fragmented industries, where you could drive consolidation that had happened already in the U.S., things like, in the U.K., pubs. BARATTA: Roger Staubach, Tony Dorsett, Tony Hill, those guys. Blackstone's global head of private equity, Joseph Baratta is in contract to pick up a sweet 6-story townhouse from music mogul Lyor Cohen (he's Tory Burch's boyfriend), the NY Post reports.. BARATTA: And then, of course and now, look, theyre fun to watch. And in the end, we ended up just buying the U.S. textbook business, Houghton Mifflin. We use cookies for a number of reasons, such as keeping The Information reliable and secure, personalizing content and ads, providing social media features and to analyze how our sites are used. So it was a beneficiary of the technology change. Its obvious in the public markets, things get frothy. RITHOLTZ: You see that on the private market? Yes. So certain elements of technology, particularly in software, we think are much more attractive than they were a couple years ago, not to say they look overwhelmingly cheap, but certainly more attractive than they were. You can see the complete history of Mr. Baratta stock trades at the bottom of the page. You want to be able to ensure that youre bringing in best-in-class management thats really perfectly aligned with you. And I think people just need to relax, take a deep breath. Joseph Baratta Age : 51 Public asset : 567,113,101 USD Country of residence : Unknown Linked companies : Blackstone Inc. - Merlin Entertainments plc Biography of Joseph Baratta Joseph Patrick Baratta is Director & Head-Global Private Equity at Blackstone, Inc. and on the board of 13 other companies. Im assuming you guys . But we can, things that are mature, things where weve realized value, sometimes were taking companies public and we can sell stock. It seems like private equity is qualitatively different than it was back in the early days. BARATTA: You know, the book I most recently finished, by Arthur Brooks, a book on happiness. And now, the rate of change is much more quick with the advent of technology, ubiquitous broadband, which really enabled the internet, changed the way we . We were trying to figure out whether any of these assets were investable, said Baratta, global head of private equity at Blackstone, referring to media companies. Is there a ceiling, or at what point you look at something and say, hey, thats just too big to try and take a bite on? What are the challenges of investing in a place like India? RITHOLTZ: Thats right. its $619 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. And so we did, but we were kind of trying to do deals by airplane from New York, and thats not functional. RITHOLTZ: and they then diversify and or Im sorry, they made them divest those vertically integrated holdings? The Tate is such a significant cultural institution in the U.K. Its funded largely by the state. BARATTA: I got a lot of good friends from high school. RITHOLTZ: So before we let you go, were going to jump to our favorite questions that we ask all of our guests, starting with you mentioned streaming, tell us what youve been watching, what keeps the family entertained?

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