The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Its alternative asset management businesses include the management of private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation (CLO) vehicles and separately managed accounts. It also provides a range of financial advisory services, including financial advisory, restructuring and reorganization and fund placement services. It operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. Effective April 7, 2014, Blackstone Group LP acquired an undisclosed minority stake in Gianni Versace SpA (Versace), a Milan-based manufacturer and wholesaler of fashion products. In April 2014, the Accuvant announced the completion of transaction for funds controlled by Blackstone to acquire a majority stake in the Company.