Welcome to our dedicated page for Blackstone news (Ticker: BX), a resource for investors and traders seeking the latest updates and insights on Blackstone stock.
Blackstone Inc. (BX) is the world’s largest alternative asset manager, distinguished by its extensive portfolio and strategic investments. With $1.040 trillion in total assets under management (AUM) as of the end of 2023, Blackstone holds a dominant position in the investment landscape. The company’s assets include $762.6 billion in fee-earning AUM.
Blackstone’s operations are segmented into four core business areas:
- Private Equity: Representing 22% of the fee-earning AUM and accounting for 28% of base management fees, Blackstone makes pivotal investments to drive growth and value in portfolio companies.
- Real Estate: The largest segment at 39% of fee-earning AUM and 43% of base management fees, Blackstone invests in high-quality, profitable real estate opportunities.
- Credit and Insurance: This segment comprises 29% of fee-earning AUM and 21% of base management fees, focusing on various credit instruments and insurance solutions.
- Hedge Fund Solutions: Representing 10% of fee-earning AUM and 8% of base management fees, it involves investments in hedge fund strategies to diversify and enhance returns.
Blackstone's client base predominantly consists of institutional investors (87% of AUM) with a significant fraction also coming from high-net-worth individuals (13%). Operating through 25 offices globally, Blackstone maintains a strong presence across the Americas, Europe, the Middle East, and the Asia-Pacific region.
Committed to creating positive economic impact and long-term value, Blackstone leverages its extraordinary people and flexible capital to solve complex problems for companies. This commitment extends to the communities where it operates, striving for sustainable growth and development.
Recent achievements include strategic partnerships and acquisitions, such as the collaboration with MRP Group and continued investments in diverse sectors. These endeavors help Blackstone stay at the forefront of global asset management, continually enhancing its competitive edge.
For more detailed information, visit Blackstone's official website and follow them on Twitter at @blackstone.
Blackstone Private Credit Fund (BCRED) announced a special distribution of $0.05 per share due to strong earnings and rising interest rates. The distribution will include any estimated undistributed net investment income above $0.05 per share, with a record date of August 21, 2022, and payment expected around September 1, 2022. BCRED aims to provide individual investors access to private credit, backed by Blackstone's $74 billion direct lending platform. The fund is externally managed by Blackstone, a major player in credit investing with $230 billion in assets under management.
Blackstone (NYSE: BX) has finalized the acquisition of Crown Resorts Limited in its largest transaction in Asia Pacific. This deal includes three premium resort and casino properties located in Melbourne, Perth, and Sydney. Blackstone aims to enhance these properties into top-tier entertainment destinations, working closely with Crown's management and employees. The investment is expected to support local economies and create jobs while allowing Crown to realize its potential in the hospitality sector.
Blackstone (NYSE: BX) has successfully completed its acquisition of Preferred Apartment Communities, Inc. (NYSE: APTS) for $25.00 per share, totaling around $5.8 billion. This all-cash transaction includes a liquidation preference of $1,000 per preferred share, plus accrued dividends. Following the acquisition, PAC's common stock will be delisted. The deal was supported by over 99% of PAC's voting stockholders. Blackstone aims to integrate PAC's high-quality multifamily properties into its existing portfolio, enhancing its presence in the residential market.
Advarra, a leader in clinical research solutions, has secured a majority investment from Blackstone and Canada Pension Plan Investment Board. The partnership aims to enhance Advarra's capabilities in providing safe and efficient clinical trial management. Current investors Genstar Capital and Linden Capital Partners will maintain significant equity shares. The investment is set to support innovations in service and technology to facilitate faster and safer clinical trials, thereby advancing life sciences research.
Blackstone (NYSE:BX) announced that Jon Gray, President and COO, will present at Morgan Stanley’s US Financials, Payments & CRE Conference on Tuesday, June 14, 2022, at 12:00 PM ET. A live webcast of the presentation will be available on Blackstone’s website, with a replay accessible shortly after the event. As the world's largest alternative asset manager, Blackstone manages $915 billion in assets across various sectors, including private equity and real estate, aiming to create lasting value for investors and communities.
Blackstone (NYSE: BX) has successfully completed the offering of €500,000,000 in 3.500% senior notes due 2034, guaranteed by its indirect subsidiaries. The proceeds will be used for general corporate purposes. The notes were sold to qualified institutional buyers pursuant to SEC regulations, without registration under the Securities Act of 1933. In the UK and EEA, the offering targets qualified investors only, prohibiting access to retail investors. This transaction reflects Blackstone's continued strategy to strengthen its capital structure while expanding financial flexibility.
Ashcroft Capital has formed a strategic partnership with institutional investors, including funds advised by Goldman Sachs and Blackstone, to enhance its multifamily portfolio in the Sun Belt region. This partnership is anticipated to facilitate liquidity for current investors and enable Ashcroft to pursue approximately $800 million in acquisitions. Currently managing $1.9 billion in assets, Ashcroft aims to add 15 to 20 properties in 2022, focusing on value-add strategies and property enhancements.
Blackstone has announced the pricing of its €500,000,000 offering of 3.500% senior notes due 2034, guaranteed by its indirect subsidiaries. The proceeds will be utilized for general corporate purposes. The notes will be offered to qualified institutional buyers under Rule 144A in the United States and outside the U.S. under Regulation S of the Securities Act of 1933. These notes are not registered under U.S. securities laws, and therefore, cannot be offered or sold absent registration or exemption.
Blackstone (NYSE: BX) has announced plans to offer euro-denominated senior notes through its subsidiary, Blackstone Holdings Finance Co. L.L.C. The issuance is subject to market conditions and will be fully guaranteed by Blackstone and its subsidiaries. Proceeds from the offering will be used for general corporate purposes. The notes will be sold to qualified institutional buyers in the U.S. and internationally, adhering to the Securities Act of 1933 regulations. Notably, these notes are not available for retail investors in the UK or EEA.
Supergoop! and Blackstone (BX) have announced a new partnership, adding a diverse group of investors from various sectors, including entertainment and entrepreneurship. Founded in 2005 by Holly Thaggard, Supergoop! is committed to innovative SPF products. Following a majority investment from Blackstone Growth (BXG) in 2021, the brand aims to expand its global reach and raise awareness about sun protection. CEO Amanda Baldwin emphasized the importance of education and creating groundbreaking products as the company enters a new growth phase.
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