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 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
Blackstone (NYSE: BX) has announced the recapitalization of Mileway, its last mile logistics company, valued at €21 billion, marking the largest private real estate transaction ever. Existing investors will have the option to maintain or increase their holdings or exit for cash as part of a 'go-shop' process. Over the past six years, Mileway has grown to become Europe's largest last mile logistics portfolio with 1,700 assets across 10 countries, demonstrating strong investor confidence in the logistics sector.
Snoop Dogg has successfully acquired the iconic Death Row Records brand from MNRK Music Group, which is backed by Blackstone. The terms of the deal remain undisclosed. Snoop Dogg expressed excitement about reclaiming ownership of the label that played a crucial role in his career, emphasizing its untapped potential. Blackstone's David Kestnbaum highlighted their commitment to supporting artists and creators, expressing confidence in Snoop's ability to lead the brand into a prosperous future. This acquisition marks a significant moment in the music industry, especially as Snoop looks to expand the legacy of Death Row Records.
Blackstone Inc. (NYSE: BX) announced the appointment of Kurt Summers, Jr. as Head of Public-Private Partnerships in its Infrastructure business. Summers brings over 20 years of experience from both public and private sectors, focusing on investment strategies that align with local infrastructure goals and advance ESG efforts. His prior role as City Treasurer of Chicago saw him integrate ESG in investment decisions, achieving a carbon-neutral portfolio. Blackstone aims to enhance partnerships with local governments under his leadership.
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