Blackstone Inc Stock Price, News & Analysis

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.

Blackstone (NYSE: BX) has successfully acquired all outstanding shares of Resource REIT, Inc. for $14.75 per share in an all-cash transaction valued at $3.7 billion, which includes the REIT’s debt. This acquisition, initially announced on January 24, 2022, showcases Blackstone's commitment to expanding its real estate portfolio. Resource REIT specializes in suburban apartment communities across 13 states, owning 42 properties as of March 31, 2022. This strategic move is expected to enhance Blackstone's income-oriented real estate investment capabilities.

On May 18, 2022, Recurrent Ventures announced successfully closing $300 million in new funding led by Blackstone Tactical Opportunities (NYSE: BX). This funding will accelerate Recurrent's strategy to acquire more digital media brands and enhance its market presence. To date, Recurrent has raised over $400 million since 2018, acquiring 24 brands in various niches. The company plans to scale operations, expand its creative talent pool, and enhance audience engagement through new content offerings.

Blackstone (NYSE: BX) has announced a majority investment in Geosyntec Consultants, a top environmental engineering firm. Geosyntec, with over 1,700 professionals in more than 90 offices globally, specializes in environmental restoration, water quality, and energy transition solutions. Blackstone aims to leverage Geosyntec's expertise to enhance its growth in sustainable and complex projects. Since 2019, Blackstone has invested about $16 billion into energy transition initiatives. The financial terms of the deal remain undisclosed.

Blackstone (NYSE: BX) has appointed Matthew Bromberg, the former COO of Zynga, as a Senior Advisor. With over 20 years in the online and mobile gaming sector, Bromberg is expected to enhance Blackstone Growth (BXG) initiatives. Vishal Amin, a Managing Director at BXG, praised Bromberg's expertise as valuable for investment teams and portfolio companies. Bromberg's diverse experience includes leadership roles at Electronic Arts and Major League Gaming, along with board memberships at Bumble and Fitbit. Blackstone manages $915 billion in assets across multiple investment vehicles.

Blackstone (NYSE: BX) has announced the opening of a new Real Estate office in Toronto, appointing Janice Lin as head of its Canadian real estate operations. With a portfolio of CAD 14 billion in real estate assets, Blackstone plans to enhance its presence in Canada, benefiting from its growing population and strong economic fundamentals. Nadeem Meghji highlighted the long-term belief in the Canadian economy, while Lin emphasized opportunities in logistics, office, and residential sectors.