Blackstone Inc Stock Price, News & Analysis

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.

Candle Media, led by Kevin Mayer and Tom Staggs and backed by Blackstone, has acquired Faraway Road Productions, creators of the hit series FAUDA. The financial terms were not disclosed. Founded by Lior Raz and Avi Issacharoff, Faraway Road is recognized for delivering original, impactful content globally. Upcoming projects include a new season of FAUDA and a film directed by Antoine Fuqua. Mayer and Staggs emphasized their excitement in collaborating with Raz and Issacharoff to enhance Faraway Road's growth in the evolving media landscape.

Blackstone (NYSE: BX) has successfully completed its offering of $500 million in 2.550% senior notes due 2032 and $1.0 billion in 3.200% senior notes due 2052 through its subsidiary, Blackstone Holdings Finance Co. L.L.C. These notes are fully guaranteed by Blackstone and its indirect subsidiaries. The proceeds from this offering will be utilized for general corporate purposes. The notes were sold to qualified institutional buyers in the U.S. and internationally under Rule 144A and Regulation S of the Securities Act of 1933.

Arctic Wolf has appointed Dan Schiappa as the new Chief Product Officer, bringing over 20 years of technology and security experience. The move comes amid a surge in demand for Arctic Wolf's Security Operations Platform in the enterprise sector. Schiappa has held leadership roles at prominent companies including Sophos, RSA Security, and Microsoft. He will oversee the innovative development of products and business strategies aimed at enhancing the company's offerings to address critical cybersecurity needs.

Schiappa's appointment is expected to strengthen Arctic Wolf's leadership capabilities during a period of significant growth.