Blackstone Group - Fortune Finance: Hedge Funds, Markets, Mergers & Acquisitions, Private Equity, Venture Capital, Wall Street, Washington Obama raises money from private equity, hours after bashing the industry. FORTUNE -- At a Democratic Party fundraiser, I guess it's inappropriate to mention the elephant in the room. President Obama last night spent time at the Park Avenue apartment of Blackstone Group (BX) president Tony James, to press the Wall Street flesh and collect $35,800 per plate. It came just hours after his campaign launched its first formal attack on Mitt Romney's record running Bain Capital -- a private equity firm not terribly dissimilar from Blackstone. Talk about awkward!