ITE Management Announces Strategic Investment by Blackstone and Launch of Financing Partnership
ITE Management, a leading alternative asset manager in transportation infrastructure with over $10 billion in assets, has secured a strategic minority investment from Blackstone Credit & Insurance (BXCI). The partnership includes a forward flow agreement where BXCI targets to provide up to $2 billion in capital for investments and financing.
ITE, which employs over 70 investment and operating professionals, specializes in asset-backed investments across rail, intermodal, specialty aviation, port infrastructure, and electric vehicles. The transaction proceeds will support ITE's existing products and fund growth initiatives. ITE will maintain independent operations under Co-Founders Jason Koenig and David Smilow.
BXCI's Infrastructure and Asset Based Credit platform manages over $90 billion and focuses on providing investment grade credit, non-investment grade credit, and structured investments across sectors including digital infrastructure, energy transition, consumer finance, and real estate.
ITE Management, un importante gestore di asset alternativi nel settore delle infrastrutture di trasporto con oltre 10 miliardi di dollari in asset, ha ottenuto un investimento strategico di minoranza da Blackstone Credit & Insurance (BXCI). La partnership include un accordo di flusso futuro in cui BXCI mira a fornire fino a 2 miliardi di dollari in capitale per investimenti e finanziamenti.
ITE, che impiega oltre 70 professionisti in investimenti e operazioni, si specializza in investimenti garantiti da asset nei settori ferroviario, intermodale, aviazione speciale, infrastrutture portuali e veicoli elettrici. I proventi della transazione supporteranno i prodotti esistenti di ITE e finanzieranno iniziative di crescita. ITE manterrà operazioni indipendenti sotto la direzione dei co-fondatori Jason Koenig e David Smilow.
La piattaforma di credito per infrastrutture e asset basati di BXCI gestisce oltre 90 miliardi di dollari e si concentra sulla fornitura di credito investment grade, credito non investment grade e investimenti strutturati in settori che includono infrastrutture digitali, transizione energetica, finanza al consumo e immobiliare.
ITE Management, un gestor líder de activos alternativos en infraestructura de transporte con más de 10 mil millones de dólares en activos, ha asegurado una inversión estratégica de minoría de Blackstone Credit & Insurance (BXCI). La asociación incluye un acuerdo de flujo futuro donde BXCI tiene como objetivo proporcionar hasta 2 mil millones de dólares en capital para inversiones y financiamiento.
ITE, que emplea a más de 70 profesionales en inversiones y operaciones, se especializa en inversiones respaldadas por activos en ferrocarriles, intermodal, aviación especializada, infraestructura portuaria y vehículos eléctricos. Los ingresos de la transacción apoyarán los productos existentes de ITE y financiarán iniciativas de crecimiento. ITE mantendrá operaciones independientes bajo la dirección de los cofundadores Jason Koenig y David Smilow.
La plataforma de crédito para infraestructura y activos de BXCI gestiona más de 90 mil millones de dólares y se centra en proporcionar crédito de grado de inversión, crédito de no grado de inversión e inversiones estructuradas en sectores que incluyen infraestructura digital, transición energética, finanzas al consumidor e inmobiliaria.
ITE Management, 100억 달러 이상의 자산을 보유한 교통 인프라 분야의 선도적인 대체 자산 관리 회사가 Blackstone Credit & Insurance (BXCI)로부터 전략적 소수 지분 투자를 확보했습니다. 이 파트너십에는 BXCI가 투자 및 자금 조달을 위해 최대 20억 달러의 자본을 제공하는 목표를 포함하는 전방 흐름 계약이 포함됩니다.
70명 이상의 투자 및 운영 전문가를 고용하고 있는 ITE는 철도, 복합 운송, 특수 항공, 항만 인프라 및 전기차 분야의 자산 기반 투자에 전문화되어 있습니다. 거래 수익은 ITE의 기존 제품을 지원하고 성장 이니셔티브를 자금 지원하는 데 사용될 것입니다. ITE는 공동 창립자인 Jason Koenig과 David Smilow의 주도 하에 독립적인 운영을 유지할 것입니다.
BXCI의 인프라 및 자산 기반 신용 플랫폼은 900억 달러 이상의 자산을 관리하며 디지털 인프라, 에너지 전환, 소비자 금융 및 부동산을 포함한 여러 분야에서 투자 등급 신용, 비투자 등급 신용 및 구조화된 투자를 제공합니다.
ITE Management, un gestionnaire d'actifs alternatifs de premier plan dans l'infrastructure de transport avec plus de 10 milliards de dollars d'actifs, a sécurisé un investissement stratégique minoritaire de Blackstone Credit & Insurance (BXCI). Le partenariat comprend un accord de flux futur où BXCI vise à fournir jusqu'à 2 milliards de dollars de capital pour des investissements et des financements.
ITE, qui emploie plus de 70 professionnels des investissements et des opérations, se spécialise dans les investissements adossés à des actifs dans les domaines du rail, de l'intermodal, de l'aviation spécialisée, des infrastructures portuaires et des véhicules électriques. Les produits de la transaction soutiendront les produits existants d'ITE et financeront des initiatives de croissance. ITE maintiendra des opérations indépendantes sous la direction des co-fondateurs Jason Koenig et David Smilow.
La plateforme de crédit pour infrastructures et actifs de BXCI gère plus de 90 milliards de dollars et se concentre sur la fourniture de crédits de qualité investissement, de crédits de non-qualité investissement et d'investissements structurés dans des secteurs tels que l'infrastructure numérique, la transition énergétique, le financement à la consommation et l'immobilier.
ITE Management, ein führender alternativer Vermögensverwalter im Bereich Verkehrsinfrastruktur mit über 10 Milliarden Dollar an Vermögenswerten, hat eine strategische Minderheitsbeteiligung von Blackstone Credit & Insurance (BXCI) gesichert. Die Partnerschaft umfasst eine Vorlaufvereinbarung, bei der BXCI plant, bis zu 2 Milliarden Dollar an Kapital für Investitionen und Finanzierungen bereitzustellen.
ITE, das über 70 Fachleute für Investitionen und Betrieb beschäftigt, spezialisiert sich auf asset-gestützte Investitionen in den Bereichen Schienenverkehr, intermodaler Transport, Spezialluftfahrt, Hafeninfrastruktur und Elektrofahrzeuge. Die Erlöse aus der Transaktion werden die bestehenden Produkte von ITE unterstützen und Wachstumsinitiativen finanzieren. ITE wird unter der Leitung der Mitbegründer Jason Koenig und David Smilow unabhängig operieren.
Die Infrastruktur- und assetbasierte Kreditplattform von BXCI verwaltet über 90 Milliarden Dollar und konzentriert sich auf die Bereitstellung von Investment-Grade-Krediten, Non-Investment-Grade-Krediten und strukturierten Investitionen in Sektoren wie digitale Infrastruktur, Energiewende, Verbraucherkredite und Immobilien.
- Strategic minority investment from Blackstone enhances market position
- Secured up to $2B in capital commitment from BXCI
- Access to Blackstone's global network and financing capabilities
- Maintains operational independence while gaining strategic partner
- None.
Insights
Blackstone's strategic minority investment in ITE Management represents a calculated expansion into specialized transportation infrastructure assets. The partnership includes a substantial
This transaction follows Blackstone's proven playbook of taking minority positions in specialized asset managers to expand their investment universe without assuming full operational control. For ITE Management, which manages
The deal structure is particularly efficient for Blackstone - their Infrastructure and Asset Based Credit platform (
Transportation infrastructure offers attractive investment characteristics in the current environment: inflation-protected cash flows, essential economic assets, and potential ESG benefits through investments in areas like electric vehicles. This partnership enhances Blackstone's exposure to these themes through a specialist with proven sector expertise.
The transaction aligns with Blackstone's broader strategy of expanding its credit capabilities and diversifying across alternative asset classes while maintaining a capital-light approach to growth.
BXCI and ITE also launched a strategic forward flow partnership, with BXCI targeting to provide ITE with up to
“This investment and partnership with Blackstone is recognition of ITE’s leading position in transportation infrastructure finance and the growing opportunity set within the sector,” said Jason Koenig, Co-Founder of ITE. “Our firm will benefit from Blackstone’s debt and equity financing as well as its expansive global network.”
“ITE is a respected leader in the transportation infrastructure space, where they own, operate, and finance critical assets that support key segments of the
BXCI’s Infrastructure and Asset Based Credit platform manages over
Transaction proceeds will be directed towards growing existing ITE products and funding growth initiatives, including new products and platforms. ITE will continue to operate independently under the ongoing leadership of Co-Founders Jason Koenig and David Smilow.
Advisors
Goldman Sachs & Co. LLC is acting as the exclusive financial advisor to ITE and Weil, Gotshal & Manges is acting as legal advisor to ITE. Guggenheim Securities, LLC is acting as financial advisor and Kirland & Ellis is acting as legal advisor to Blackstone.
Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.
About ITE Management L.P.
ITE Management L.P. (“ITE”) is a privately held, SEC-registered, alternative investment firm focused on transportation infrastructure. We seek to generate stable risk-adjusted returns for investors through a highly diversified portfolio of critical, income-generating transportation assets. ITE’s investment process is built on its deep operational expertise within the industry, access to extensive data, and focus on portfolio construction. Founded in 2012, ITE is headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250305594560/en/
Blackstone
Thomas Clements
Thomas.Clements@blackstone.com
(646) 482-6088
ITE Management
Matt Liszt
mliszt@itemgmt.com
(212) 220-5802, extension #4
Source: Blackstone
FAQ
How much capital is BXCI targeting to provide ITE Management in their new partnership?
What is the current asset value managed by ITE Management?
What sectors does ITE Management focus on for its investments?
How will ITE Management use the proceeds from the Blackstone investment?
