Blackstone Inc Stock Price, News & Analysis

Blackstone (NYSE: BX), the largest alternative asset manager globally, announced the opening of a new office in Frankfurt, Germany, spanning 1,300 square meters in the OMNITURM. This office will support Blackstone’s private equity, real estate, credit, and private wealth solutions businesses across Europe. With over €17 billion invested in Germany and approximately €7 billion in German real estate, Blackstone highlights its continued commitment to the German market. Current notable investments include Leica and Schenck Process, alongside significant financing provided in the DACH region.

Altus Power, Inc. (NYSE: AMPS) has partnered with Blackstone (NYSE: BX) and CBRE (NYSE: CBRE) to enhance its Community Solar Partnership Program, allowing employees of these companies to benefit from clean electricity at a discount. The program, already operational in New York City and Westchester County, NY, provides credits on electricity bills from Altus Power’s solar generation. Future expansions are planned in Hawaii, Maryland, and New Jersey, with potential growth in Minnesota, Massachusetts, and Illinois. Altus Power aims to attract more employers to this program as a valuable employee benefit.

Blackstone (NYSE:BX) announced that Chairman and CEO Stephen Schwarzman will present at the Bank of America Securities 2023 Financial Services Conference on February 16, 2023, at 12:30 PM ET. Investors can watch the live webcast on Blackstone’s website. A replay will also be available afterward. Blackstone is the largest alternative asset manager globally, boasting $975 billion in assets under management across various investment vehicles, including private equity and real estate. The company aims to create significant economic impact and long-term value for its investors and communities.

On January 3, 2023, UC Investments and Blackstone announced an expansion of their strategic venture, with UC Investments set to acquire an additional $500 million in BREIT Class I common shares. This follows their previous $4 billion investment, raising the total to $4.5 billion. The new investment is expected to close on March 1, 2023, maintaining the same terms as the initial investment, including a six-year minimum hold period. Additionally, Blackstone will contribute $125 million from its holdings into the venture.

Resolution Life has announced that Nippon Life Insurance Company will invest an additional $1 billion, raising its total investment in Resolution Life to $1.65 billion. This move follows a strategic partnership with Blackstone, which has become the investment manager for Resolution Life. The company aims to raise $3 billion in new equity capital, expanding its capital base to approximately $8 billion. This enhanced capital is expected to support Resolution Life's growth in the global life and annuity consolidation market, managing over $80 billion in reserves and 3 million policies. The investment is subject to regulatory approvals, expected in the second half of 2023.

Blackstone (NYSE:BX) has successfully closed its Strategic Partners IX and Strategic Partners GP Solutions, achieving commitments of $22.2 billion and $2.7 billion, respectively. SP IX is noted as the largest dedicated secondaries fund ever raised. Over the past decade, Blackstone Strategic Partners has expanded from less than $10 billion to $67 billion in assets under management across various strategies. Verdun Perry emphasizes a commitment to generating strong returns for investors while capitalizing on growing opportunities in the secondary market.

Blackstone (NYSE: BX) has appointed Brad Marshall as the Global Head of Private Credit Strategies, enhancing his role as Chairman and co-CEO of its BDCs, Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL). Jonathan Bock joins as Co-CEO, previously CEO of Barings BDC. Blackstone Credit's assets under management have surged 135% to $234 billion over five years. This leadership expansion aims to meet growing demand for private credit solutions globally, indicating strong market positioning and opportunity.

Byron R. Wien and Joe Zidle from Blackstone have released the Ten Surprises of 2023, highlighting potential economic and market shifts. Key surprises include a competitive presidential nomination race, a hawkish Fed potentially leading to a mild recession, and a recovery in the market by mid-year. Other notable points are China's growth efforts, the U.S. becoming a leading oil producer, and continued challenges in Ukraine. Blackstone, managing $951 billion in assets, aims to create positive economic impact and long-term value for investors and communities.

Blackstone (NYSE: BX) and UC Investments have announced a significant long-term strategic partnership, with UC Investments committing $4 billion to acquire Class I common shares of Blackstone Real Estate Income Trust (BREIT). Blackstone will contribute $1 billion of its existing BREIT holdings in this venture. This investment is expected to enhance BREIT’s balance sheet flexibility and capital, providing an 11.25% minimum annualized net return for UC Investments over a six-year hold period. BREIT has delivered a 12.7% annualized return since inception.