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. (NYSE: BX) generates frequent news coverage as the world’s largest alternative asset manager, and its announcements highlight activity across real estate, private equity, credit, infrastructure and energy-related investments. This news page aggregates updates drawn from Blackstone’s own releases and regulatory disclosures so readers can follow how the firm deploys capital and manages its portfolio.
Recent items illustrate the breadth of Blackstone’s activity. Funds managed by Blackstone’s private equity strategy for individual investors became the sole institutional investor in AIR Control Concepts, a commercial HVAC, electrical and controls platform operating across numerous U.S. states and Canada. Blackstone Energy Transition Partners and other Blackstone funds acquired Alliance Technical Group, an environmental testing, monitoring and compliance services provider, and announced a majority ownership position in a combined MacLean Power Systems and Power Grid Components platform serving the electrical grid.
Other news features include Blackstone Energy Transition Partners’ investment in Wolf Summit Energy, a combined-cycle natural gas power generation facility in West Virginia, as well as a strategic partnership with Phoenix Financial focused on corporate, real estate and asset-based credit. Blackstone Credit & Insurance has also announced a forward flow origination partnership with Harvest Commercial Capital to acquire small business loans secured by first lien mortgages on owner-occupied commercial real estate.
In addition, Blackstone issues updates on capital markets activity, such as senior notes offerings by an indirect financing subsidiary, and appearances at financial conferences. Investors and observers can use this page to review earnings-related releases, financing transactions, major investments, partnerships and leadership appointments connected to Blackstone’s global alternative asset management business.
Blackstone (NYSE:BX) announced that Chairman and CEO Stephen Schwarzman will present at the Goldman Sachs 2022 US Financial Services Conference on December 7, 2022, at 12:20 PM ET. Investors can view the presentation live via webcast on Blackstone's website, with a replay available afterward. Blackstone, the world's largest alternative asset manager, oversees $951 billion in assets under management across various investment vehicles.
Blackstone (NYSE: BX) has successfully completed an offering of $600 million in 5.900% senior notes due 2027 and $900 million in 6.200% senior notes due 2033 through its subsidiary, Blackstone Holdings Finance Co. The notes are guaranteed by Blackstone and its indirect subsidiaries. Proceeds from the offering will be used for general corporate purposes. The notes were sold to qualified institutional buyers under Rule 144A and Regulation S without registration under the Securities Act of 1933.
Blackstone (NYSE: BX) has announced the pricing of a $600 million offering of 5.900% senior notes due 2027 and $900 million of 6.200% senior notes due 2033. These notes will be fully guaranteed by Blackstone and its subsidiaries. The proceeds from this offering are intended for general corporate purposes. The notes will be sold to qualified institutional buyers under Rule 144A and Regulation S, though they are not registered under the Securities Act of 1933 and cannot be sold in the U.S. without registration or exemption.
Blackstone (NYSE: BX) announced plans to offer senior notes through its subsidiary, Blackstone Holdings Finance Co. L.L.C. The notes will be guaranteed by Blackstone and its indirect subsidiaries. Proceeds from the offering will be used for general corporate purposes. The notes are intended for sale to qualified institutional buyers under Rule 144A in the U.S. and outside the U.S. under Regulation S. These notes have not been registered under the Securities Act of 1933 and cannot be sold without registration or an exemption.
PTC Therapeutics has entered a strategic financing collaboration with Blackstone, securing up to $500 million in funding to enhance its product pipeline and business development. This includes $350 million in low-cost capital at the close. The funds will help accelerate PTC's mission to deliver transformative medicines, with a goal of launching one therapy every 2-3 years. Blackstone's investment will be collateralized by PTC's existing products, including Translarna™ and Upstaza®. The collaboration aims to optimize capital structure and support new medicines.
Blackstone (NYSE: BX) has announced a partnership with Dominium to develop the Aviara Flats community in Phoenix, Arizona, contributing $48 million of tax credit equity for the creation of 372 affordable housing units. The project targets households earning at or below 60% of the area median income and will feature amenities such as a gym and playground. This partnership signifies a key step in Blackstone's commitment to expanding affordable housing across the U.S., with completion expected in 2024.
DNAnexus announced the appointment of Jeff Margolis to its Board of Directors. Margolis, a veteran in healthcare technology, has extensive experience in guiding companies from startup to leadership. His role follows DNAnexus securing $200 million in funding led by Blackstone (NYSE:BX). Margolis aims to leverage his expertise to enhance the company's platform for biomedical research, enabling significant advancements in multi-omic data analytics. CEO Richard Daly expressed confidence in Margolis' ability to drive global adoption of their innovative solutions.
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Blackstone (NYSE: BX) and Resolution Life have formed a strategic partnership to enhance growth in the global life and annuity market. The collaboration will manage up to $25 billion in private credit and real estate assets, potentially increasing to over $60 billion within six years. They aim to raise $3 billion in new equity, including a $500 million investment from Blackstone, enhancing Resolution Life's capital base to over $8 billion. This partnership will provide significant strategic advantages and is expected to close in the second half of 2023.
Blackstone has successfully completed the acquisition of Bluerock Residential Growth REIT at $24.25 per share, totaling $3.6 billion in cash. This acquisition aligns with Blackstone's strategy to expand its real estate portfolio. Additionally, Bluerock has spun off its single-family rental business into an externally managed REIT, Bluerock Homes Trust, which started trading on the NYSE American. The transaction was initially announced on December 20, 2021, and signifies strategic growth for both firms in the competitive real estate market.