Jim Simons and Chuck Royce also upped their stakes in Blackstone, and Bill Miller, who owns three of the other private equity stocks mentioned, also owned Blackstone at the end of 2Q. Overall, the private equity industry's organic growth has declined to -0.08% quarter over quarter, from 0.9% last quarter, anchored by equity flows. The 2Q equity flow showed a net flow of negative $29 billion versus negative $6 billion in 1Q. Although the investment fund flows were negative for the industry during the same quarter Facebook Inc. (NASDAQ:FB) launched its IPO, there were no drastic downsizing or outflows by the funds we track.