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) appointed Viral Patel as the new Global Head of Technology Investing for Blackstone Credit. Previously part of the Tactical Opportunities Group, Patel aims to enhance investment in the rapidly growing technology sector. Blackstone Credit is experiencing significant growth, driven by strong demand for private credit products from institutional and individual investors. Patel brings nearly two decades of experience, having contributed to numerous successful technology investments.
Moonbug Entertainment has entered into a definitive agreement to be acquired by a media company led by Kevin Mayer and Tom Staggs, with backing from Blackstone. This strategic acquisition aims to enhance Moonbug's global presence in children's entertainment, leveraging its popular shows like CoComelon and Blippi. The deal marks the second acquisition for Mayer and Staggs' media venture. Financial terms remain undisclosed, but the existing management will retain equity stakes in the new company.
Blackstone (NYSE: BX) announces the appointment of Stephanie Lundquist as a Senior Advisor. Lundquist, former EVP and President of Food & Beverage at Target, brings over 15 years of experience in HR, operations, and business transformation. She will focus on supporting Blackstone Growth (BXG) and its portfolio companies, particularly in the consumer space. Blackstone manages assets worth $731 billion globally, aiming to create long-term value for investors and companies.
Blackstone (NYSE:BX) has officially formed its Structured Finance Group, merging Blackstone Real Estate Debt Strategies with various asset-backed finance activities. Jonathan Pollack, previously Global Head of BREDS, will lead this new division. This formation aims to enhance Blackstone's lending capabilities across multiple markets, including consumer finance and real estate. Blackstone’s President, Jon Gray, emphasized the importance of utilizing information across asset classes for unique financing solutions. The firm manages $731 billion in assets globally, focusing on creating long-term value.
The Chamberlain Group announced it has been sold to private equity funds managed by Blackstone. This investment focuses on long-term growth for Chamberlain Group, providing resources and expertise to enhance its software-based access services. JoAnna Sohovich will transition to Chair of the Board on January 1, 2022, while Jeff Meredith will take over as CEO. Blackstone's support aims to expand Chamberlain's market reach and capitalize on megatrends in connectivity, solidifying its position in smart access solutions.
American International Group (AIG) and Blackstone have officially closed the transaction for Blackstone to acquire a 9.9% equity stake in AIG’s Life & Retirement business. Additionally, Blackstone will manage an initial $50 billion of AIG Life & Retirement’s investment portfolio.
This partnership aims to leverage Blackstone's investment expertise to enhance AIG's offerings in life insurance and retirement solutions, providing long-term value for shareholders.
Blackstone (NYSE: BX) has announced that Jon Gray, President and Chief Operating Officer, will present virtually at the BofA Securities 2021 Banking and Financials Conference on November 10, 2021, at 12:30 pm ET. The live webcast will be available on Blackstone’s website, with a replay accessible shortly after the event. Blackstone, the world’s largest alternative asset manager, currently manages $731 billion in assets across various investment vehicles.
On October 20, 2021, Blackstone Real Estate Income Trust (BREIT) announced the completion of its acquisition of WPT Industrial Real Estate Investment Trust for
SPANX has announced a definitive agreement for a majority investment from Blackstone, valuing the company at $1.2 billion. Founder Sara Blakely will retain a significant stake and become Executive Chairwoman of a newly formed board. This acquisition aims to accelerate SPANX’s digital transformation and expand its global reach across more categories. The investment will be managed by an all-female team from Blackstone, showcasing a commitment to empowering women globally.
Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL) have appointed Vik Sawhney to their Boards of Trustees. With leadership experience at Blackstone since 2007, Sawhney's expertise in credit markets is expected to enhance the firms' direct lending platforms. Blackstone's credit business, valued at $163 billion, continues to grow, focusing on private credit investment opportunities for individual investors. BCRED aims to provide income through private credit, while BXSL specializes in debt investments in U.S. private companies.
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