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.
Liftoff and Vungle have announced a definitive agreement to merge, creating one of the world's largest independent mobile growth platforms. This merger aims to enhance user acquisition, engagement, monetization, and analytics within the $500 billion global mobile app ecosystem. Liftoff's CEO, Mark Ellis, will lead the combined entity, while Jeremy Bondy from Vungle will serve as President. Backed by Blackstone, the merger is expected to close by the end of September, paving the way for accelerated growth and innovation in mobile advertising.
Landmark Properties has partnered with Blackstone Real Estate Income Trust (BREIT) to recapitalize eight student housing assets totaling $784 million and comprising 5,416 beds across the U.S. This joint venture enhances Landmark's portfolio, which now includes 79 student communities. Landmark's focus on high-quality student housing in prime markets reflects a strategic investment, aiming for strong cash flows and growth potential. Blackstone's investment strategy aligns with acquiring resilient, income-generating properties.
Harmony Biosciences (Nasdaq: HRMY) and Blackstone (NYSE: BX) announced a strategic financing collaboration worth up to $330 million. The deal includes $300 million in debt capital and a $30 million equity investment. The financing will enable Harmony to expand its portfolio focused on rare neurological diseases and reduce its annual interest expenses. The initial $200 million term loan proceeds will primarily be used to eliminate existing debt, significantly lowering Harmony's capital costs. This partnership aims to enhance the company's growth trajectory in the pharmaceutical sector.
Blackstone (NYSE: BX) has successfully completed its offering of $650 million of 1.625% senior notes due 2028, $800 million of 2.000% senior notes due 2032, and $550 million of 2.850% senior notes due 2051. All notes are guaranteed by The Blackstone Group Inc. and its subsidiaries. Proceeds from this offering will be utilized for general corporate purposes, including funding a portion of the acquisition of a 9.9% stake in American International Group's life and retirement business. The notes were sold to qualified institutional buyers under Rule 144A and Regulation S.
Hello Sunshine, founded by Reese Witherspoon in 2016, has announced a major investment deal with a new company led by Kevin Mayer and Tom Staggs, backed by Blackstone. Witherspoon and CEO Sarah Harden will remain involved in the company, reinforcing their commitment to women-centered content. Blackstone's investment aims to accelerate Hello Sunshine's growth while maintaining its independence. The deal positions Hello Sunshine as a leading player in female-focused media, allowing it to expand its successful content across various platforms, including television, film, and podcasts.
Blackstone and Hudson Pacific Properties have partnered to develop a new film and TV production center in Broxbourne, Hertfordshire, acquiring a 91-acre site for £120 million. With an anticipated total investment exceeding £700 million, this marks the expansion of their Sunset Studios platform into the UK. The project could create over 4,500 permanent jobs and contribute £300 million annually to the local economy. This venture aligns with Blackstone's focus on media and entertainment, supported by government officials who see it as a significant boost for the UK's creative industry.
Blackstone (NYSE: BX) has priced an offering of $650 million of 1.625% senior notes due 2028, $800 million of 2.000% senior notes due 2032, and $550 million of 2.850% senior notes due 2051. These notes will be guaranteed by The Blackstone Group and its subsidiaries. The proceeds will be used for general corporate purposes, including a portion of the funding for Blackstone's acquisition of a 9.9% equity interest in American International Group’s life and retirement business. The offering targets qualified institutional buyers under Regulation S.
Hudson Pacific Properties and Blackstone announced the development of Sunset Glenoaks Studios in Sun Valley, California. The facility will be the first large-scale, purpose-built studio in the Los Angeles area in over 20 years, representing an investment of $170-190 million. Covering 240,000 square feet, it will feature seven sound stages and support spaces, targeting completion in Q3 2023. The project emphasizes sustainability, with plans for LEED certification and carbon neutrality. This expansion aligns with rising demand for studio space among content creators in the region.
Blackstone (NYSE: BX) announced plans to offer senior notes through its subsidiary Blackstone Holdings Finance Co. L.L.C. The notes will be guaranteed by The Blackstone Group Inc. and its subsidiaries. Proceeds from this offering will support general corporate purposes, including funding a portion of the acquisition price for a 9.9% equity stake in American International Group, Inc.’s life and retirement business. The offering is aimed at qualified institutional buyers under Rule 144A and Regulation S.
Blackstone (NYSE:BX) has appointed Stevi Petrelli as the new Head of Blackstone Innovations Investments (BXI Investments). In this role, she will oversee investments in early-stage PropTech, Enterprise Tech, Cybersecurity, and FinTech companies. Petrelli joins from Goldman Sachs, bringing extensive experience in strategic investments. The firm aims to leverage its vast network to support these early-stage companies. Previous BXI Investments include notable firms like iCapital and Coupa. Leadership highlights anticipated growth in innovative sectors under Petrelli's guidance.
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