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 (NYSE: BX) has appointed Len Laufer as a senior advisor, focusing on its Blackstone Growth (BXG) platform. Laufer, a notable figure in data science, has extensive experience in the financial services sector, having founded Argus Information and Advisory Services and led JPMorgan Chase’s data science initiatives. He emphasized the critical role of technology in business operations and expressed enthusiasm for working with the BXG team. Blackstone manages approximately $915 billion in assets across various investment vehicles globally.
AZZ Inc. announced on April 25, 2022, its plan to launch a $1.3 billion First Lien Senior Term Loan, known as the 2022 Term Loan B, to refinance existing debt and facilitate the acquisition of Sequa's Precoat Metals division for $1.28 billion. The financial strategy includes a $400 million Revolving Credit Facility and a proposed $240 million investment from Blackstone, contingent on the acquisition's closure. The financing aims to optimize the Company’s debt structure while supporting its growth in galvanizing and metal coating solutions.
Blackstone (NYSE: BX) has successfully closed its inaugural fund, BXLS Yield, raising
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) announced a public offering of $300 million in 5.50% convertible senior notes due 2027. The offering aims to close on March 29, 2022, with the potential to raise $345 million if the underwriters exercise their over-allotment option. Proceeds will be used for general corporate purposes, including debt repayment and funding new mortgage loans. The notes will convert at 27.5702 shares per $1,000 with a conversion premium of 15%, maturing on March 15, 2027.
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has launched a public offering of $300 million in convertible senior notes due 2027. The offering includes a 30-day option for underwriters to purchase an additional $45 million. Proceeds will be used for general corporate purposes, including repaying $402.5 million of existing debt and funding new commercial mortgage loans. The notes can be converted under specific circumstances, with the interest rate and conversion terms yet to be determined.
Invenergy Wind Offshore, supported by Invenergy and energyRe, won a significant offshore wind lease in the New York Bight, covering 83,976 acres with a bidding price of $645 million. The lease will be developed by Invenergy, with investment from a consortium including Blackstone Infrastructure Partners (BX), CDPQ, FirstLight Power, and Ullico. This project aims to enhance clean energy production and economic opportunities in the region, contributing to the U.S. offshore wind sector's growth.
Blackstone (NYSE: BX) has launched April Housing, a new portfolio company focused on affordable housing solutions in the U.S. The initiative aims to preserve over 90,000 housing units acquired by Blackstone Real Estate Income Trust (BREIT). With a long-term commitment to affordability, properties will comply with the Low Income Housing Tax Credit program, which ensures rent restrictions for about 20 years. Alice Carr has been appointed as CEO, bringing 25 years of experience in affordable housing.
Blackstone (NYSE: BX) has appointed Sara Clemens, former Chief Operating Officer at Twitch and Pandora, as a Senior Advisor. With over 25 years of experience in high-growth companies, she will focus on Blackstone Growth (BXG), the firm's growth equity investing platform. Vishal Amin, Managing Director at BXG, highlighted her invaluable experience in consumer technology. Clemens expressed enthusiasm for contributing to Blackstone's portfolio of internet companies. Blackstone manages $881 billion in assets across various investment vehicles.
Preferred Apartment Communities (NYSE: APTS) has entered an all-cash agreement with Blackstone Real Estate Income Trust (BREIT) to acquire all outstanding shares for
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