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.
Ashcroft Capital has formed a strategic partnership with institutional investors, including funds advised by Goldman Sachs and Blackstone, to enhance its multifamily portfolio in the Sun Belt region. This partnership is anticipated to facilitate liquidity for current investors and enable Ashcroft to pursue approximately $800 million in acquisitions. Currently managing $1.9 billion in assets, Ashcroft aims to add 15 to 20 properties in 2022, focusing on value-add strategies and property enhancements.
Blackstone has announced the pricing of its €500,000,000 offering of 3.500% senior notes due 2034, guaranteed by its indirect subsidiaries. The proceeds will be utilized for general corporate purposes. The notes will be offered to qualified institutional buyers under Rule 144A in the United States and outside the U.S. under Regulation S of the Securities Act of 1933. These notes are not registered under U.S. securities laws, and therefore, cannot be offered or sold absent registration or exemption.
Blackstone (NYSE: BX) has announced plans to offer euro-denominated senior notes through its subsidiary, Blackstone Holdings Finance Co. L.L.C. The issuance is subject to market conditions and will be fully guaranteed by Blackstone and its subsidiaries. Proceeds from the offering will be used for general corporate purposes. The notes will be sold to qualified institutional buyers in the U.S. and internationally, adhering to the Securities Act of 1933 regulations. Notably, these notes are not available for retail investors in the UK or EEA.
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.