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 (BX) and Salas O'Brien announced a partnership where Blackstone made a strategic minority growth investment to help accelerate the Company’s expansion within the architectural, engineering, and construction (AEC) market. Salas O'Brien will continue to be majority owned by its team members. The investment aims to provide greater access to talent, enhance technology resources, and better serve more clients while retaining employee ownership and in partnership with Blackstone.
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Blackstone and Tricon Residential Inc. have entered into an arrangement agreement under which Blackstone Real Estate Partners X together with Blackstone Real Estate Income Trust, Inc. will acquire all outstanding common shares of Tricon for $11.25 per Common Share in cash. The transaction represents a premium of 30% to Tricon’s closing share price on the NYSE on January 18, 2024, and a 42% premium to the volume weighted average share price on the NYSE over the previous 90 days, equating to a $3.5 billion equity transaction value based on fully-diluted shares outstanding. The acquisition aims to propel Tricon’s efforts to add housing supply across the U.S. and in Toronto, Canada.
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Blackstone (BX) promotes Ken Caplan and Lionel Assant to Co-Chief Investment Officers, Nadeem Meghji to Global Co-Head of Real Estate, and Gio Cutaia to Global Chief Operating Officer of Real Estate. The company recently surpassed $1 trillion in Assets Under Management (AUM), and the promotions aim to enhance investment coordination and oversight.
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NiSource Inc. (NYSE: NI) completes the issuance of a 19.9% indirect equity interest in NIPSCO to Blackstone Infrastructure Partners affiliate for $2.16 billion, with an additional equity commitment of $250 million. The investment aims to strengthen NIPSCO's financial foundation, support sustainable long-term growth, and fund ongoing capital requirements for energy transition and reindustrialization of the Midwest.
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Blackstone Real Estate Debt Strategies (BREDS), Blackstone Real Estate Income Trust, Inc. (BREIT), Canada Pension Plan Investment Board (CPPIB) and Rialto Capital form a joint venture with the FDIC to acquire a 20% equity stake for $1.2 billion in a $16.8 billion senior mortgage loan portfolio following the failure of Signature Bank. The commercial real estate loan portfolio consists of over 2,600 first mortgage loans on properties in the New York metropolitan area. Blackstone will be the lead asset manager, and Rialto Capital will act as the loan servicer and operating partner.
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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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FAQ
What is the current stock price of Blackstone (BX)?
The current stock price of Blackstone (BX) is $158.38 as of February 21, 2025.
What is the market cap of Blackstone (BX)?
The market cap of Blackstone (BX) is approximately 126.0B.
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.
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