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), the world's largest alternative asset manager, provides investors with transformative opportunities across private equity, real estate, and credit markets. This dedicated news hub delivers essential updates directly from corporate sources and trusted financial publications.
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Advarra, a leader in clinical research solutions, has secured a majority investment from Blackstone and Canada Pension Plan Investment Board. The partnership aims to enhance Advarra's capabilities in providing safe and efficient clinical trial management. Current investors Genstar Capital and Linden Capital Partners will maintain significant equity shares. The investment is set to support innovations in service and technology to facilitate faster and safer clinical trials, thereby advancing life sciences research.
Blackstone (NYSE:BX) announced that Jon Gray, President and COO, will present at Morgan Stanley’s US Financials, Payments & CRE Conference on Tuesday, June 14, 2022, at 12:00 PM ET. A live webcast of the presentation will be available on Blackstone’s website, with a replay accessible shortly after the event. As the world's largest alternative asset manager, Blackstone manages $915 billion in assets across various sectors, including private equity and real estate, aiming to create lasting value for investors and communities.
Blackstone (NYSE: BX) has successfully completed the offering of €500,000,000 in 3.500% senior notes due 2034, guaranteed by its indirect subsidiaries. The proceeds will be used for general corporate purposes. The notes were sold to qualified institutional buyers pursuant to SEC regulations, without registration under the Securities Act of 1933. In the UK and EEA, the offering targets qualified investors only, prohibiting access to retail investors. This transaction reflects Blackstone's continued strategy to strengthen its capital structure while expanding financial flexibility.
Ashcroft Capital has formed a strategic partnership with institutional investors, including funds advised by Goldman Sachs and Blackstone, to enhance its multifamily portfolio in the Sun Belt region. This partnership is anticipated to facilitate liquidity for current investors and enable Ashcroft to pursue approximately $800 million in acquisitions. Currently managing $1.9 billion in assets, Ashcroft aims to add 15 to 20 properties in 2022, focusing on value-add strategies and property enhancements.
Blackstone has announced the pricing of its €500,000,000 offering of 3.500% senior notes due 2034, guaranteed by its indirect subsidiaries. The proceeds will be utilized for general corporate purposes. The notes will be offered to qualified institutional buyers under Rule 144A in the United States and outside the U.S. under Regulation S of the Securities Act of 1933. These notes are not registered under U.S. securities laws, and therefore, cannot be offered or sold absent registration or exemption.
Blackstone (NYSE: BX) has announced plans to offer euro-denominated senior notes through its subsidiary, Blackstone Holdings Finance Co. L.L.C. The issuance is subject to market conditions and will be fully guaranteed by Blackstone and its subsidiaries. Proceeds from the offering will be used for general corporate purposes. The notes will be sold to qualified institutional buyers in the U.S. and internationally, adhering to the Securities Act of 1933 regulations. Notably, these notes are not available for retail investors in the UK or EEA.
Supergoop! and Blackstone (BX) have announced a new partnership, adding a diverse group of investors from various sectors, including entertainment and entrepreneurship. Founded in 2005 by Holly Thaggard, Supergoop! is committed to innovative SPF products. Following a majority investment from Blackstone Growth (BXG) in 2021, the brand aims to expand its global reach and raise awareness about sun protection. CEO Amanda Baldwin emphasized the importance of education and creating groundbreaking products as the company enters a new growth phase.
Blackstone Credit has appointed Abby Miller as Chief Accounting Officer and Treasurer for Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL). With over 15 years of experience, including her previous role as Chief Financial Officer at BlackRock's BDC, Miller aims to enhance operations. Blackstone's direct lending platform boasts $230 billion in credit assets, emphasizing income-focused investment opportunities in private credit. Miller's expertise is expected to bolster growth and expand access to investors.
Blackstone Credit has acquired EIG’s 49% stake in Elba Liquefaction Company (ELC), a joint venture of the Elba Island LNG facility, while Kinder Morgan (KMI) retains its 51% ownership and continues as the operator. Located in Savannah, Georgia, ELC began operations in August 2020 and includes 10 liquefaction units with a capacity of about 2.5 million tons of LNG per year. ELC provides stable cash flow under a 20-year contract with an investment-grade counterparty.
Blackstone (NYSE:BX) announced that Chairman and CEO Stephen Schwarzman will present at Bernstein’s 38th Annual Strategic Decisions Conference on June 1, 2022, at 9:00 AM ET. A live webcast of his presentation can be accessed via the Shareholders section of Blackstone's website. For those unable to attend the live event, a replay will be available shortly thereafter. Blackstone, the world’s largest alternative asset manager with $915 billion in assets under management, focuses on generating long-term value across various investment strategies globally.