Steven Schwarzman [1] has become an icon of the private equity industry [2] with perhaps a single peer. (That would be Henry Kravis.) So when the New Yorker decides to publish a nearly 11,000 word profile, it signals something significant about the man of the moment. It's hardly a glowing profile, but you get the feeling he might be relieved. Sure, the author talks about some of his PR problems, noting that Schwarzman is pondering a massive philanthropic gift to "silence his critics." That sort of stuff. But you have to wonder if this also signals the high water point for the Blackstone Group [3]. We'll see.

For more:
- here's the New Yorker article [4]