Blackstone Inc Stock Price, News & Analysis

Blackstone (NYSE: BX) has announced the recapitalization of Mileway, its last mile logistics company, valued at €21 billion, marking the largest private real estate transaction ever. Existing investors will have the option to maintain or increase their holdings or exit for cash as part of a 'go-shop' process. Over the past six years, Mileway has grown to become Europe's largest last mile logistics portfolio with 1,700 assets across 10 countries, demonstrating strong investor confidence in the logistics sector.

Snoop Dogg has successfully acquired the iconic Death Row Records brand from MNRK Music Group, which is backed by Blackstone. The terms of the deal remain undisclosed. Snoop Dogg expressed excitement about reclaiming ownership of the label that played a crucial role in his career, emphasizing its untapped potential. Blackstone's David Kestnbaum highlighted their commitment to supporting artists and creators, expressing confidence in Snoop's ability to lead the brand into a prosperous future. This acquisition marks a significant moment in the music industry, especially as Snoop looks to expand the legacy of Death Row Records.

Blackstone Inc. (NYSE: BX) announced the appointment of Kurt Summers, Jr. as Head of Public-Private Partnerships in its Infrastructure business. Summers brings over 20 years of experience from both public and private sectors, focusing on investment strategies that align with local infrastructure goals and advance ESG efforts. His prior role as City Treasurer of Chicago saw him integrate ESG in investment decisions, achieving a carbon-neutral portfolio. Blackstone aims to enhance partnerships with local governments under his leadership.

Blackstone has launched its Sustainable Resources Platform to invest in renewable energy and support the energy transition. The firm plans to allocate an estimated $100 billion over the next decade across its businesses, building on over $15 billion committed since 2019. This initiative seeks to address investment needs and challenges in the energy transition sector, leveraging Blackstone's expertise and resources. The platform aims to support various sectors, including residential solar, decarbonized transportation, and green finance.

Blackstone (NYSE: BX) has acquired a 35% stake in Phoenix Tower International (PTI) from Manulife Investment Management. This strategic investment enables PTI to accelerate its growth in wireless infrastructure, operating over 14,000 towers across 18 countries, primarily in the Americas and Europe. Blackstone's focus on digital infrastructure has intensified due to COVID-19, showcasing the significant growth potential in this sector. This partnership aims to leverage Blackstone's resources to enhance PTI's position in high-demand markets.

Home Partners of America launched the Choice Lease program on January 14, 2022, to combat the affordable housing crisis for low-to-moderate-income families. This innovative program provides access to below-market rental rates and paths to homeownership without government subsidies. Targeting households with incomes under 80% of area median income, the initiative aims to deploy at least $1 billion over two years. Residents can enjoy rental rates around 10% cheaper than the market, with the option to purchase homes at lower-than-market prices, significantly aiding accessibility in today's rising housing market.

Blackstone (NYSE: BX) has announced the final close of the Blackstone Capital Opportunities Fund IV (COF IV), raising $8.75 billion for its private debt strategy. With a track record spanning nearly 15 years, COF IV aims to provide private financing across various industries. The fund has already made 12 investments, focusing on high-growth sectors such as technology and healthcare. Blackstone Credit manages $188 billion in assets under management (AUM), highlighting its significant position in the credit-focused asset management space.

Pentera, a leader in Automated Security Validation, has raised $150 million in Series C funding led by K1 Investment Management, with participation from Blackstone (NYSE: BX) and others. This funding increases Pentera's valuation to $1 billion and enables the company to scale its operations and expand its workforce from 150 to 300 employees by the end of 2022. With over 400 enterprise customers, Pentera aims to solidify its leadership in cybersecurity by enhancing its product offerings and preparing for an IPO.

Pentera has secured $150 million in Series C funding, led by K1 Investment Management, increasing its valuation to $1 billion. This substantial financing fuels over 6X revenue growth in 24 months and positions Pentera as a leader in Automated Security Validation with over 400 enterprise customers. The funds will enable the company to scale its operations, increasing its workforce from 150 to 300 employees by year-end 2022 in anticipation of an IPO.