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.
Candle Media has made a strategic minority investment in Westbrook Inc., the media company founded by Will Smith and Jada Pinkett Smith. Candle is co-led by Kevin Mayer and Tom Staggs and is backed by investment capital from Blackstone. The partnership aims to empower artists and enhance storytelling across various platforms. Blackstone's investment approach focuses on creating long-term value, and Westbrook's success includes projects like the acclaimed film KING RICHARD and hit series like Cobra Kai. The financial terms of the investment remain undisclosed.
Blackstone (NYSE: BX) has announced the pricing of its offering of $500 million in 2.550% senior notes due 2032 and $1.0 billion in 3.200% senior notes due 2052. These notes will be guaranteed by Blackstone and its indirect subsidiaries. The proceeds will be used for general corporate purposes. The notes are offered to qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S of the Securities Act of 1933. Note that these securities have not been registered and cannot be sold in the U.S. without proper registration.
Blackstone's Byron R. Wien and Joe Zidle have released their 2022 Ten Surprises, marking 37 years of predictive insights. Key surprises include the S&P 500's stagnant performance amid rising earnings and interest rates, persistent inflation projected at 4.5%, and a 20% rise in gold prices due to market volatility. They anticipate a recovery in group events post-Omicron and a rise in the US Treasury yield to 2.75%. Additionally, they note challenges in the US green energy sector due to lithium supply constraints from China.
Blackstone (NYSE: BX) has announced plans to offer senior notes through its subsidiary, Blackstone Holdings Finance Co. L.L.C., subject to market conditions. The notes will be fully guaranteed by Blackstone Inc. and its indirect subsidiaries. Proceeds from the offering will be utilized for general corporate purposes. The notes are designated for qualified institutional buyers in the U.S. and will be issued under Rule 144A and Regulation S, with no prior registration under the Securities Act of 1933 required.
Blackstone (NYSE:BX) has announced a definitive agreement for a majority investment in Supergoop!, a skincare brand focusing on SPF products. Founded by Holly Thaggard, Supergoop! has achieved significant growth due to increased awareness of skin protection. The investment aims to further develop innovative products, enhance brand marketing, and expand globally. Both Thaggard and Amanda Baldwin, Supergoop! CEO, will retain substantial equity. Blackstone continues to support innovative female-led companies.
American International Group (AIG) and Blackstone have finalized their transaction involving Blackstone Real Estate Income Trust (BREIT) acquiring AIG's interests in a U.S. affordable housing portfolio. This deal aligns with BREIT's strategy to provide yield-oriented investments. AIG employees associated with this portfolio are given the opportunity to transition to the Blackstone-affiliated company managing these assets.
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
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