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.
Nautic Partners LLC and Blackstone (NYSE:BX) have formed a new partnership where Blackstone GP Stakes acquires a minority ownership interest in Nautic. This collaboration is aimed at enhancing investment performance through Blackstone's extensive resources. Nautic has recently closed its tenth private equity fund, raising $3 billion, showcasing strong support from investors. Blackstone recognizes Nautic's track record and sector expertise, indicating a solid potential for future growth and collaboration.
Blackstone (NYSE:BX) has appointed David Ben-Ur and Atish Nigam as Chief Investment Officers in its Blackstone Alternative Asset Management (BAAM) unit. Ben-Ur will lead hedge fund solutions, while Nigam focuses on special situations investing. The firm has also agreed to manage assets for CAM Capital. Blackstone's BAAM manages approximately $81 billion, with $60 billion in hedge fund solutions and $13 billion in special situations. This leadership change aims to enhance investment strategies and capitalize on market opportunities.
Blackstone (NYSE:BX) has acquired Sustana Group, a leader in sustainable recycled fiber and packaging products, from H.I.G. Capital. This strategic move aligns with Blackstone's investment focus on environmental sustainability. Sustana, headquartered in De Pere, Wisconsin, utilizes post-consumer materials to produce eco-friendly solutions across North America. CEO Fabian De Armas emphasized the significance of this partnership for Sustana's growth. Financial advisement for the deal was provided by TD Securities, with legal support from several prominent firms.
Atlantic Power Transmission LLC, a Blackstone portfolio company (NYSE: BX), announced its bid for a clean power transmission solution in New Jersey, aiming to deliver up to 3,600 MW of offshore wind power. The project is expected to create over
Blackstone (NYSE: BX) announced the acquisition of Irth Solutions, a provider of cloud-based SaaS solutions for damage prevention and asset protection. The acquisition aims to enhance support for critical infrastructure in energy, utilities, telecom, and media sectors, particularly in electric grid resiliency and emissions reduction. Blackstone's Managing Director emphasized Irth's position to capitalize on current industry trends, while Irth's CEO anticipates growth with Blackstone's resources. The transaction is expected to close by the end of December.
Blackstone (NYSE: BX) and Cabot Properties announced the acquisition of $2.8 billion in logistics assets across the U.S. and Europe. Blackstone's Real Estate Income Trust acquired a 102-property U.S. portfolio totaling 15.2 million sq. ft., while 22 properties in Europe, covering 2.2 million sq. ft., were purchased by Blackstone’s European Core+ business. This transaction caps a 20-year investment program for Cabot, contributing to a total of approximately $5 billion in three major deals with Blackstone in four years.
Blackstone (NYSE:BX) announced that its Chairman, CEO, and Co-Founder, Stephen Schwarzman, will present at the Goldman Sachs 2021 US Financial Services Conference on December 8, 2021, at 12:20 PM ET. Investors can tune in to a live webcast from the Shareholders section of Blackstone’s website. A replay will also be accessible post-event. Blackstone is a leading alternative asset manager with $731 billion in assets under management, focusing on private equity, real estate, public debt and equity, and more.
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has successfully closed its public offering of 10,000,000 shares of class A common stock, raising approximately
Blackstone (NYSE: BX) has announced the final closing of Blackstone Strategic Capital Holdings II (BSCH II), securing $5.6 billion in investor capital. The fund focuses on long-term, minority investments in leading private equity management firms. Investments this year include Great Hill Partners, GTCR, and Sentinel Capital Partners. Blackstone GP Stakes aims to provide significant advantages to its portfolio companies, leveraging its extensive resources and a revenue base exceeding $150 billion.
Blackstone Mortgage Trust (NYSE: BXMT) announced a public offering of 10 million shares of its Class A common stock, with additional 1.5 million shares available to underwriters. The offering is expected to close on November 23, 2021, with total gross proceeds estimated at
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