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.
Hudson Pacific Properties and Blackstone have received planning approval for the Sunset Waltham Cross Studios in Hertfordshire, set to open in 2025. This state-of-the-art facility will feature 21 sound stages and is expected to create over 4,800 jobs while contributing £300 million annually to the local economy. The project focuses on sustainability, aiming for LEED Gold certification and a BREEAM Excellent rating. Construction is projected to begin in 2023, marking a significant expansion for Hudson Pacific and Blackstone's studio operations in the UK.
Blackstone has committed $400 million to lead a strategic investment in Xpansiv Limited, a key player in the carbon and environmental commodities market. This investment aims to enhance Xpansiv's capabilities, allowing them to better connect buyers and sellers while supporting climate change mitigation goals. Blackstone's Senior Managing Director, Bilal Khan, emphasized the potential of environmental commodities as a new asset class. Xpansiv's CEO, Joe Madden, expressed excitement over the partnership, which will drive growth and innovation in ESG-inclusive markets.
Phoenix Tower International (PTI) has signed a definitive agreement to acquire up to 3,800 telecommunications sites in Chile from WOM S.A. for approximately $930M. The deal entails the acquisition of 2,334 tower sites initially and 1,466 more by 2024. This acquisition positions PTI as the largest communications tower owner in Chile, expanding its global network to over 22,000 towers in 19 countries. The transaction is expected to close in Q3 2022 and will be funded by various financial providers, including affiliates of Blackstone.
Blackstone (NYSE: BX) announced a $1.2 million donation to RiseBoro Community Partnership over 15 years to support resident services in Brooklyn, NY. This agreement restructures their partnership, allowing RiseBoro to acquire a majority interest in three multifamily properties, preserving 190 affordable units. The move resolves previous litigation and reflects a shared commitment to community revitalization. Blackstone aims to enhance affordable housing and improve local communities through this collaboration.
Blackstone Private Credit Fund (BCRED) announced a special distribution of $0.05 per share due to strong earnings and rising interest rates. The distribution will include any estimated undistributed net investment income above $0.05 per share, with a record date of August 21, 2022, and payment expected around September 1, 2022. BCRED aims to provide individual investors access to private credit, backed by Blackstone's $74 billion direct lending platform. The fund is externally managed by Blackstone, a major player in credit investing with $230 billion in assets under management.
Blackstone (NYSE: BX) has finalized the acquisition of Crown Resorts Limited in its largest transaction in Asia Pacific. This deal includes three premium resort and casino properties located in Melbourne, Perth, and Sydney. Blackstone aims to enhance these properties into top-tier entertainment destinations, working closely with Crown's management and employees. The investment is expected to support local economies and create jobs while allowing Crown to realize its potential in the hospitality sector.
Blackstone (NYSE: BX) has successfully completed its acquisition of Preferred Apartment Communities, Inc. (NYSE: APTS) for $25.00 per share, totaling around $5.8 billion. This all-cash transaction includes a liquidation preference of $1,000 per preferred share, plus accrued dividends. Following the acquisition, PAC's common stock will be delisted. The deal was supported by over 99% of PAC's voting stockholders. Blackstone aims to integrate PAC's high-quality multifamily properties into its existing portfolio, enhancing its presence in the residential market.
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.