Blackstone Inc Stock Price, News & Analysis

Blackstone has successfully completed the acquisition of Safe Harbor Marinas, America's largest marina and superyacht servicing business, from Sun Communities for $5.65 billion.

The transaction, initially announced on February 24, 2025, positions Safe Harbor for strategic growth under Blackstone's infrastructure portfolio. Heidi Boyd, Senior Managing Director at Blackstone infrastructure, expressed enthusiasm about working with Safe Harbor's team to develop existing marinas and scale their platform.

Safe Harbor CEO Baxter Underwood highlighted the company's commitment to maintaining their people-first culture and community relationships while pursuing growth opportunities. The deal was facilitated by financial advisors Wells Fargo, J.P. Morgan Securities, and Goldman Sachs, with legal guidance from Gibson, Dunn & Crutcher and Simpson Thacher & Bartlett.

Wellington Management, Vanguard, and Blackstone (NYSE: BX) have announced a groundbreaking strategic alliance to revolutionize investment access. The collaboration aims to develop simplified multi-asset investment solutions that integrate both public and private markets, along with active and index strategies.

This first-of-its-kind initiative combines Wellington's century-long active management expertise, Vanguard's 50-year track record in active and index fund management, and Blackstone's 40-year leadership in alternative assets. The partnership focuses on creating institutional-caliber investment opportunities typically reserved for large global institutions, making them more accessible to broader investor bases.

The alliance specifically targets building fully diversified portfolios incorporating private assets to pursue higher returns, with solution details expected in the coming months. The collaboration aims to support financial advisors in meeting their clients' income and growth objectives.

Blackstone (NYSE: BX) has agreed to acquire a 95% stake in an industrial portfolio from Crow Holdings for $718 million. The portfolio comprises 25 Class A buildings totaling 6 million square feet, primarily located in Dallas and Houston's high-barrier submarkets.

Crow Holdings and its partners will maintain a 5% ownership in the portfolio. The acquisition aligns with Blackstone's logistics-focused investment strategy, where they currently own over $90 billion of warehouses in North America and nearly $170 billion globally. The transaction is set to close in the second quarter of 2025.

The deal comes at a time when the logistics sector shows strong fundamentals, with vacancy and new construction starts down more than 80% from the 2022 peak.

Novartis has completed the acquisition of Anthos Therapeutics in a deal valued at up to $3.1 billion, with $925 million paid upfront. Anthos, founded by Blackstone Life Sciences and Novartis in 2019, focuses on developing treatments for cardiometabolic diseases.

The company's key asset is abelacimab, a Factor XI inhibitor licensed from Novartis, currently in Phase 3 clinical trials. The drug is being tested for stroke prevention and systemic embolism in atrial fibrillation patients (LILAC-TIMI 76 trial), along with two studies for cancer-associated thrombosis (ASTER and MAGNOLIA). Trial data is expected in the second half of 2026.

Blackstone (NYSE: BX) announced that its Private Multi-Asset Credit and Income Fund (BMACX) has received SEC effectiveness. The interval fund aims to provide individual investors access to Blackstone's $453 billion credit platform through a diversified strategy spanning private corporate credit, asset based and real estate credit, structured credit, and liquid credit.

BMACX will feature daily subscriptions, low investment minimums, and immediate capital deployment. The fund builds upon Blackstone's experience in private credit solutions for individual investors, complementing their existing suite of private equity, infrastructure, and real estate strategies.

The fund is expected to launch in the second quarter of 2025, offering enhanced yield potential with reduced volatility compared to traditional fixed income investments.

Blackstone (NYSE: BX) has successfully closed its latest real estate debt fund, Blackstone Real Estate Debt Strategies V (BREDS V), with approximately $8 billion in total capital commitments.

The fund, managed by Blackstone Real Estate Debt Strategies which oversees $77 billion in assets under management and employs over 170 professionals globally, will focus on multiple investment strategies including global scale lending, liquid securities, structured solutions to financial institutions, and corporate credit.

Tim Johnson, Global Head of Blackstone Real Estate Debt Strategies, highlighted the significant achievement of raising this capital during market dislocation and expressed optimism about future opportunities, leveraging Blackstone's position as the largest owner of commercial real estate and alternative real estate credit platform globally.

ITE Management, a leading alternative asset manager in transportation infrastructure with over $10 billion in assets, has secured a strategic minority investment from Blackstone Credit & Insurance (BXCI). The partnership includes a forward flow agreement where BXCI targets to provide up to $2 billion in capital for investments and financing.

ITE, which employs over 70 investment and operating professionals, specializes in asset-backed investments across rail, intermodal, specialty aviation, port infrastructure, and electric vehicles. The transaction proceeds will support ITE's existing products and fund growth initiatives. ITE will maintain independent operations under Co-Founders Jason Koenig and David Smilow.

BXCI's Infrastructure and Asset Based Credit platform manages over $90 billion and focuses on providing investment grade credit, non-investment grade credit, and structured investments across sectors including digital infrastructure, energy transition, consumer finance, and real estate.

Blackstone (NYSE: BX) has appointed Rodney Zemmel as Global Head of Portfolio Operations. Zemmel, formerly a Senior Partner at McKinsey and global leader of McKinsey Digital and AI Transformation initiatives, will oversee Blackstone's Portfolio Operations group that supports their portfolio companies across various functional areas.

The Portfolio Operations team provides expertise in talent, data science, AI transformation, cybersecurity, procurement, energy efficiency, and operational excellence. Blackstone's current portfolio includes 250 companies with $226 billion in annual revenue and approximately 700,000 employees, equivalent to one of the largest Fortune 500 employers.

Zemmel brings nearly three decades of McKinsey experience, where he led McKinsey Digital and Firmwide AI Transformation. He is also co-author of 'Go Long' and 'Rewired: The McKinsey Guide to Outcompeting in the Age of Digital and AI'.

Element Fleet Management (TSX:EFN) and Blackstone Credit & Insurance have established a strategic funding relationship involving a CAD $500 million portfolio of Canadian fleet lease receivables. The partnership enables Element, the world's largest publicly traded pure-play automotive fleet manager, to achieve significant off-balance sheet treatment while optimizing its funding profile.

The arrangement validates Element's asset origination platform quality and supports the company's growth objectives. Heath Valkenburg, Incoming EVP & Chief Financial Officer at Element, emphasized their commitment to optimizing funding strategies, while Aneek Mamik, Head of Financial Services for Asset Based Finance at Blackstone, highlighted their capability to support the real economy through asset-based finance initiatives.