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.
Vectra AI announced a $130 million funding round led by Blackstone Growth (BXG), boosting total funding to over $350 million at a $1.2 billion valuation. This investment aims to enhance Vectra’s AI-driven cloud security platform, Cognito, amid rising cyber threats exemplified by recent major breaches. Vectra reported a compound annual growth rate (CAGR) exceeding 100% in 2020, with sales of Cognito Detect growing over 700%. Vectra emphasizes the need for innovative cybersecurity solutions as attacks become increasingly sophisticated.
Blackstone (NYSE: BX) has appointed Yifat Oron as Senior Managing Director to lead its new office in Tel Aviv, focusing on growth and tech investments. Oron, with over 20 years of experience in tech investment and executive leadership, previously served as CEO of LeumiTech. Blackstone Growth (BXG) recently closed its inaugural $4.5 billion growth equity fund, the largest of its kind. Oron will leverage Blackstone's extensive resources to support Israeli entrepreneurs and enhance the firm's presence in this promising market.
Blackstone (NYSE: BX) has appointed Paul Morrissey as Managing Director to lead investment efforts in Europe for Blackstone Growth (BXG). This newly established role comes after BXG secured a record-breaking $4.5 billion growth equity fund, its largest first-time vehicle. Morrissey, formerly with Battery Ventures, aims to enhance BXG's partnerships with fast-growing European companies.
Blackstone (NYSE: BX) has agreed to acquire Sabre Industries from The Jordan Company, focusing on the energy transition. Sabre, based in Texas, designs and manufactures essential infrastructure for electrical utilities and telecom sectors. This acquisition aims to enhance the U.S. electrical grid and expand telecom networks. Post-acquisition, Sabre will operate independently with its current leadership. Blackstone Energy Partners has a strong track record in energy investments, aiming to improve energy reliability and affordability. The transaction is expected to close in Q2 2021.
GeoComply Solutions has secured its first institutional investment through a definitive agreement with Blackstone Growth and Atairos. This partnership aims to accelerate GeoComply's growth in geolocation compliance technology, which is critical for the online gaming and sports betting industries. The funding will enable the company to expand into new markets while enhancing its existing core operations. With a strong track record and market leadership, GeoComply is positioned for significant growth, supported by the expertise and guidance of its new institutional partners.
Blackstone (NYSE: BX) has announced the final closing of Blackstone Growth (BXG), its first growth equity fund, at a hard cap of $4.5 billion. The fund was oversubscribed and attracted investments from diverse sources including family offices, pension funds, and high-net-worth individuals, marking it as the largest first-time growth equity fund ever raised.
Since its inception in 2020, BXG has made significant investments in companies like Bumble and Oatly. BXG aims to support growth-stage entrepreneurs by providing a concentrated portfolio approach and access to Blackstone's extensive resources.
Blackstone (NYSE: BX) has agreed to acquire DESOTEC, a prominent European environmental service company, from EQT. This investment aligns with Blackstone's strategy of investing in market-leading firms for the long term. Based in Roeselare, Belgium, DESOTEC specializes in circular filtration solutions using activated carbon technology. The company operates Europe’s largest fleet of mobile filters, serving various industrial applications. Blackstone's leadership emphasizes the growth potential linked to increasing environmental responsibility, signaling a strong commitment to supporting DESOTEC's expansion.
The California Public Utilities Commission has identified over 2,000 megawatts of renewable energy in southwest Nevada to support California's climate objectives. GridLiance proposes the Silverado Renewables Connection to enhance transmission capacity, enabling the flow of renewable energy from Nevada to California. This initiative is expected to create thousands of jobs and generate over half a billion dollars in economic activity. The California Independent System Operator will study the necessary upgrades, with final recommendations anticipated in March 2022.
Blackstone (NYSE:BX) has appointed Scott Bommer as the Chief Investment Officer of its new Blackstone Horizon platform, a strategic initiative under Blackstone Alternative Asset Management. This platform aims to deliver strong absolute returns through partnerships with high-performing investment managers while focusing on global growth trends. Bommer brings 17 years of experience from SAB Capital Management and has a background in late-stage growth investing. His leadership is expected to enhance BAAM's hedge fund business.
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