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 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.
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.
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.
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.
Blackstone Mortgage Trust (NYSE: BXMT) declared a dividend of
Blackstone Mortgage Trust (NYSE:BXMT) has successfully closed an underwritten public offering of 10,000,000 shares of its class A common stock, generating net proceeds of approximately
Blackstone Mortgage Trust (NYSE:BXMT) has announced a public offering of 10 million shares of its class A common stock, with an additional option for underwriters to purchase 1.5 million more shares. The offering aims to raise approximately $315 million, potentially $362 million if the option is fully exercised. The funds will support the origination of commercial mortgage loans and general corporate purposes. The closing date is set for September 14, 2021, pending customary conditions.
Blackstone Mortgage Trust (NYSE:BXMT) announced a public offering of 10 million shares of its Class A common stock, with an option for underwriters to purchase an additional 1.5 million shares within 30 days. The net proceeds will support working capital and the origination of more commercial mortgage loans. Major underwriters include Morgan Stanley, BofA Securities, and Citigroup. This offering is part of the Company’s effective shelf registration statement filed with the SEC.
Dynamo Software announced a strategic investment agreement with Blackstone Growth and further reinvestment from existing investor Francisco Partners. This investment aims to support Dynamo's expansion into new global markets and enhance product development for the alternative investment management sector, where it serves over 1,000 clients. The transaction is expected to close in Q4, subject to regulatory approvals. Financial terms were not disclosed.
Blackstone (NYSE: BX) announced the appointment of three senior leaders in its $163 billion credit business, Blackstone Credit. Carlos Whitaker, previously from Credit Suisse, will serve as President of both Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL). Kate Rubenstein is appointed COO of BCRED and BXSL, transitioning from the Portfolio Operations Group. Chris Sullivan joins as Head of Sponsor Coverage from Barclays. The appointments aim to enhance sourcing investment opportunities and support portfolio companies amid growing demand for private credit products.
FAQ
What is the current stock price of Blackstone (BX)?
What is the market cap of Blackstone (BX)?
What is Blackstone Inc.?
What are the core business segments of Blackstone?
How much of Blackstone’s assets are fee-earning?
Who are Blackstone's primary clients?
How many offices does Blackstone operate globally?
What is Blackstone’s mission?
Where can I find more information about Blackstone?
What types of investments does Blackstone focus on?
What recent achievements has Blackstone made?
How can I follow Blackstone on social media?
