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 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
Blackstone Mortgage Trust (NYSE: BXMT) announced a public offering of 10,000,000 shares of its class A common stock, with an option for underwriters to purchase an additional 1,500,000 shares. The proceeds will support working capital and the origination of commercial mortgage loans. The offering will utilize the company’s effective shelf registration statement filed with the SEC. Joint book-running managers include Citigroup, BofA Securities, Barclays, Deutsche Bank, J.P. Morgan, and Wells Fargo.
SPANX, Inc. has secured a majority investment from Blackstone, valuing the company at $1.2 billion. Notable female investors joining the round include Oprah Winfrey and Reese Witherspoon. Founded by Sara Blakely in 2000 with $5,000, SPANX has transformed women's undergarments and wear. The investment will fuel growth via product innovation and geographic expansion. Blackstone plans to establish an all-female board for SPANX, and Blakely will retain a significant equity stake while continuing to oversee operations.
Blackstone has successfully completed its acquisition of International Data Group, Inc. (IDG) from Oriental Rainbow, LLC for an enterprise value of
Blackstone (NYSE: BX) has announced a strategic investment in Life Science Logistics (LSL), a national provider of healthcare supply chain solutions. This investment aims to accelerate LSL's expansion within the pharmaceutical and medical device markets. LSL, headquartered in Dallas, operates 12 controlled-temperature storage locations across nine states. Richard Beeny, CEO of LSL, expressed optimism about leveraging Blackstone's resources for future growth. The transaction is subject to customary closing conditions, with terms not disclosed.
Great Hill Partners and Blackstone (NYSE:BX) have announced a partnership where Blackstone GP Stakes will acquire a minority interest in Great Hill Partners. This strategic collaboration aims to bolster Great Hill's growth in the private equity space, leveraging Blackstone's expertise. Great Hill has a strong track record, raising almost $8 billion and investing in over 90 companies. This partnership is seen as a significant milestone, with both firms expressing enthusiasm over the synergy and mutual benefits of this investment.
Blackstone (NYSE: BX) has reached a significant milestone by hiring 100,000 veterans, veteran spouses, and caregivers through its Veterans Hiring Initiative since 2013. This achievement doubles its initial commitment made by CEO Steve Schwarzman, responding to a national call to action. The firm exceeded its 50,000 hiring target in 2017 and committed to hiring another 50,000 within five years, achieving this goal in 2021. Blackstone's initiative exemplifies effective collaboration between public and private sectors, aiming to provide veterans with meaningful employment opportunities.
Renaissance, a leader in pre-K–12 educational technology, announced a significant equity investment from Blackstone (NYSE:BX) alongside existing investors Francisco Partners and TPG’s The Rise Fund. This partnership aims to accelerate growth and innovation in educational solutions, enhancing their product offerings for over 16 million students globally. With a strong presence in more than 40% of US schools, Renaissance plans to utilize this investment to further develop their technology platform and pursue a targeted acquisition strategy, building on recent acquisitions of Lalilo and Nearpod.
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