Blackstone Inc Stock Price, News & Analysis

American International Group (AIG) and Blackstone have finalized their transaction involving Blackstone Real Estate Income Trust (BREIT) acquiring AIG's interests in a U.S. affordable housing portfolio. This deal aligns with BREIT's strategy to provide yield-oriented investments. AIG employees associated with this portfolio are given the opportunity to transition to the Blackstone-affiliated company managing these assets.

Nautic Partners LLC and Blackstone (NYSE:BX) have formed a new partnership where Blackstone GP Stakes acquires a minority ownership interest in Nautic. This collaboration is aimed at enhancing investment performance through Blackstone's extensive resources. Nautic has recently closed its tenth private equity fund, raising $3 billion, showcasing strong support from investors. Blackstone recognizes Nautic's track record and sector expertise, indicating a solid potential for future growth and collaboration.

Blackstone (NYSE:BX) has appointed David Ben-Ur and Atish Nigam as Chief Investment Officers in its Blackstone Alternative Asset Management (BAAM) unit. Ben-Ur will lead hedge fund solutions, while Nigam focuses on special situations investing. The firm has also agreed to manage assets for CAM Capital. Blackstone's BAAM manages approximately $81 billion, with $60 billion in hedge fund solutions and $13 billion in special situations. This leadership change aims to enhance investment strategies and capitalize on market opportunities.

Blackstone (NYSE:BX) has acquired Sustana Group, a leader in sustainable recycled fiber and packaging products, from H.I.G. Capital. This strategic move aligns with Blackstone's investment focus on environmental sustainability. Sustana, headquartered in De Pere, Wisconsin, utilizes post-consumer materials to produce eco-friendly solutions across North America. CEO Fabian De Armas emphasized the significance of this partnership for Sustana's growth. Financial advisement for the deal was provided by TD Securities, with legal support from several prominent firms.

Atlantic Power Transmission LLC, a Blackstone portfolio company (NYSE: BX), announced its bid for a clean power transmission solution in New Jersey, aiming to deliver up to 3,600 MW of offshore wind power. The project is expected to create over $1.3 billion in economic value and provide more than 1,000 jobs. Backed by local union coalitions, this initiative seeks to enhance New Jersey's clean energy targets while minimizing environmental impact. Blackstone's commitment to renewable energy includes nearly $10 billion invested since 2019.

Blackstone (NYSE: BX) announced the acquisition of Irth Solutions, a provider of cloud-based SaaS solutions for damage prevention and asset protection. The acquisition aims to enhance support for critical infrastructure in energy, utilities, telecom, and media sectors, particularly in electric grid resiliency and emissions reduction. Blackstone's Managing Director emphasized Irth's position to capitalize on current industry trends, while Irth's CEO anticipates growth with Blackstone's resources. The transaction is expected to close by the end of December.

Blackstone (NYSE: BX) and Cabot Properties announced the acquisition of $2.8 billion in logistics assets across the U.S. and Europe. Blackstone's Real Estate Income Trust acquired a 102-property U.S. portfolio totaling 15.2 million sq. ft., while 22 properties in Europe, covering 2.2 million sq. ft., were purchased by Blackstone’s European Core+ business. This transaction caps a 20-year investment program for Cabot, contributing to a total of approximately $5 billion in three major deals with Blackstone in four years.

Blackstone (NYSE:BX) announced that its Chairman, CEO, and Co-Founder, Stephen Schwarzman, will present at the Goldman Sachs 2021 US Financial Services Conference on December 8, 2021, at 12:20 PM ET. Investors can tune in to a live webcast from the Shareholders section of Blackstone’s website. A replay will also be accessible post-event. Blackstone is a leading alternative asset manager with $731 billion in assets under management, focusing on private equity, real estate, public debt and equity, and more.

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has successfully closed its public offering of 10,000,000 shares of class A common stock, raising approximately $314 million in net proceeds after expenses. The company plans to allocate these funds for working capital and to support the origination of additional commercial mortgage loans and investments. The underwriters were granted a 30-day option to purchase up to 1,500,000 additional shares. Major financial institutions, including Citigroup and BofA Securities, managed the offering.