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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Pathlabs (PATH) welcomes Morgan Welch as Vice President of Marketing. Welch, formerly VP of Marketing at Simpli.fi, joins after a successful tenure and brings strategic marketing expertise. Mario Schulzke, COO, praises her intelligence and drive. Welch's appointment reflects Pathlabs' rapid growth in 2023 and their focus on telling their story, growing the MEP category, and providing value to clients. Her experience at Simpli.fi, including driving strategic marketing initiatives that led to a recent investment from Blackstone (NYSE: BX) at a $1.5 Billion valuation, positions her to lead Pathlabs' marketing team.
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Digital Realty (NYSE: DLR) and Blackstone Inc. (NYSE: BX) have agreed to establish a joint venture to develop four hyperscale data center campuses across three metro areas in Europe and North America. Blackstone will acquire an 80% ownership interest in the joint venture for approximately $700 million, while Digital Realty will maintain a 20% interest. The developments are expected to support approximately 500 megawatts (MW) of total IT load upon full build-out of all campuses, with a total estimated development cost of approximately $7 billion over the next several years.
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Blackstone (BX) acquires Power Grid Components, Inc. from Shorehill Capital LLC. PGC is a leading designer and manufacturer of critical components for electrical substations, essential for managing power flows and supporting renewable energy deployment. PGC's CEO and senior leaders will remain with the business. Blackstone sees tremendous growth potential for PGC and plans to capitalize on the opportunities within the U.S. electrical grid.
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Blackstone (BX) closes $2.6 billion for its latest real estate secondaries fund, Strategic Partners Real Estate VIII L.P., and related program vehicles. The company's Global Head of Strategic Partners, Verdun Perry, expressed gratitude to investors and commitment to generating strong risk-adjusted returns. Mark Burton, Senior Managing Director, highlighted the company's substantial scale and private market footprint, positioning them to capitalize on growing opportunities in the real estate secondaries market.
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Blackstone (BX) to Present at Goldman Sachs 2023 US Financial Services Conference
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NiSource Receives FERC Approval for Acquisition of 19.9% Equity Interest in NIPSCO Subsidiary by Blackstone Infrastructure Partners
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Public Storage completes acquisition of Simply Self Storage for $2.2 billion
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Pentera named a top 10 fastest growing private cybersecurity company on the Inc. 5000 for 2023
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Blackstone integrates corporate credit, asset-based finance, and insurance groups into Blackstone Credit & Insurance (BXCI). Credit and Insurance is Blackstone’s fastest-growing segment, doubling to $295 billion in assets under management in the last three years. The new structure aims to accelerate growth and provide a seamless experience for clients and borrowers. Gilles Dellaert named Global Head of BXCI, Dwight Scott named Chairman. Steve Schwarzman expects BXCI and Real Estate Credit to reach $1 trillion in the next ten years. Major new partnerships include Corebridge, Everlake, Resolution Life, and F&G Annuities & Life. The combined BXCI team aims to deliver the best of Blackstone to investors and borrowers. Integration of credit and insurance groups and anticipated growth potential.
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Realty Income to invest $950M in joint venture for The Bellagio Las Vegas, acquiring 21.9% interest
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FAQ
What is the current stock price of Blackstone (BX)?
The current stock price of Blackstone (BX) is $181.41 as of November 15, 2024.
What is the market cap of Blackstone (BX)?
The market cap of Blackstone (BX) is approximately 138.6B.
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
138.59B
722.00M
0.98%
70.84%
2.24%
Asset Management
Investment Advice
United States of America
NEW YORK