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Blackstone Inc. - BX STOCK NEWS

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.

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Blackstone (NYSE: BX) has partnered with Hipgnosis Song Management Ltd to invest approximately $1 billion to acquire music rights and manage catalogues. This collaboration aims to establish songs as a significant asset class, enhancing the value of music rights. Hipgnosis, which manages the largest UK-listed music investment fund with gross assets of about $2.2 billion, is expected to leverage Blackstone’s investment to improve management capabilities and provide co-investment opportunities for stakeholders. This partnership underscores the growing value in the music industry.

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Simpli.fi has received a significant equity investment from private equity funds managed by Blackstone, valuing the company at approximately $1.5 billion. This partnership with GTCR positions Blackstone and GTCR as majority shareholders. Simpli.fi, which powers over 120,000 digital campaigns each month for 30,000 active advertisers, aims to enhance its product innovation and market leadership in programmatic advertising. The goal is to adapt to the growing shift from linear to digital media spending.

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Blackstone LaunchPad expands its student entrepreneurship program to the College of Southern Nevada and University of Nevada, Las Vegas. This initiative aims to equip students with essential entrepreneurial skills and opportunities to foster next-generation companies and careers. Key benefits include access to a global network, mentorship, pitch competitions, and fellowships. The expansion aligns with Blackstone Charitable Foundation’s $40 million commitment to support diverse higher education institutions, ultimately benefiting economic recovery in Nevada.

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Blackstone has announced the sale of The Cosmopolitan of Las Vegas for $5.65 billion. Since acquiring the property in 2014, Blackstone invested over $500 million in renovations, enhancing guest rooms, dining options, and gaming amenities. The property exceeded pre-COVID performance levels in Q2 2021. MGM Resorts International will acquire operations, while Cherng Family Trust and Stonepeak Partners will purchase the real estate. The transaction is expected to close in early 2022, subject to regulatory approvals.

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Blackstone Mortgage Trust (NYSE:BXMT) announced a private offering of $400 million in aggregate principal amount of its 3.750% senior secured notes due 2027. The offering closes on October 5, 2021, and the Notes will be guaranteed by wholly owned subsidiaries. This private transaction is aimed at qualified institutional buyers under Regulation S and Rule 144A of the Securities Act. The Notes have not been registered under the Securities Act, and their resale is subject to applicable laws.

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Blackstone Mortgage Trust (NYSE:BXMT) has launched a private offering of $400 million in senior secured notes due 2027. These notes will be fully guaranteed by domestic subsidiaries of the company. The offering is made under an exemption from the Securities Act, targeting qualified institutional buyers in the U.S. and investors outside the U.S. The notes have not been registered and cannot be sold in the U.S. without registration or an exemption. Blackstone Mortgage Trust focuses on preserving shareholder capital and generating attractive dividends through real estate collateralized loans.

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Blackstone (NYSE: BX) announced its portfolio company Transmission Developers Inc. has been selected by NYSERDA to deliver 1,250 MW of clean power to New York City. The Champlain Hudson Power Express project, spanning 339 miles, aims to significantly reduce fossil fuel reliance and carbon emissions, creating 1,400 jobs and establishing a $40 million Green Economy Fund for job training. The project is anticipated to start delivering power in 2025, subject to contract negotiation and necessary approvals.

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Blackstone (NYSE:BX) has appointed Frederic Kerrest, Co-Founder of Okta, as a Senior Advisor. Kerrest brings significant experience in digital transformation and enterprise software, expected to greatly benefit Blackstone Growth (BXG). Jon Korngold, Global Head of BXG, highlighted Kerrest's expertise in navigating high-growth company challenges. Kerrest expressed eagerness to leverage Blackstone's resources to help fast-growing companies scale. Blackstone, with $684 billion in assets under management, aims to create long-term value across its investment sectors.

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Blackstone Mortgage Trust (NYSE: BXMT) declared a dividend of $0.62 per share of class A common stock for Q3 2021, payable on October 15, 2021, to shareholders on record by September 30, 2021. The company focuses on originating senior loans collateralized by commercial real estate in North America, Europe, and Australia, aiming to preserve shareholder capital while generating attractive returns from its loan portfolio. Blackstone manages BXMT, holding $684 billion in assets under management.

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FAQ

What is the current stock price of Blackstone (BX)?

The current stock price of Blackstone (BX) is $177.46 as of November 8, 2024.

What is the market cap of Blackstone (BX)?

The market cap of Blackstone (BX) is approximately 135.3B.

What is Blackstone Inc.?

Blackstone Inc. is the world's largest alternative asset manager, with $1.040 trillion in total assets under management as of the end of 2023.

What are the core business segments of Blackstone?

Blackstone's core business segments are private equity, real estate, credit and insurance, and hedge fund solutions.

How much of Blackstone’s assets are fee-earning?

Blackstone has $762.6 billion in fee-earning assets under management.

Who are Blackstone's primary clients?

Blackstone primarily serves institutional investors (87% of AUM) and also caters to high-net-worth individuals (13%).

How many offices does Blackstone operate globally?

Blackstone operates 25 offices worldwide, including locations in the Americas, Europe, the Middle East, and the Asia-Pacific region.

What is Blackstone’s mission?

Blackstone aims to create positive economic impact and long-term value for investors, companies, and communities by using extraordinary people and flexible capital.

Where can I find more information about Blackstone?

More information about Blackstone can be found on their official website at www.blackstone.com.

What types of investments does Blackstone focus on?

Blackstone focuses on investments in private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, non-investment grade credit, real assets, and secondary funds.

What recent achievements has Blackstone made?

Recent achievements include strategic partnerships and acquisitions, such as with MRP Group, which help maintain its leading position in global asset management.

How can I follow Blackstone on social media?

You can follow Blackstone on Twitter at @blackstone.

Blackstone Inc.

NYSE:BX

BX Rankings

BX Stock Data

135.33B
722.00M
0.98%
70.84%
2.24%
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