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.
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.
Blackstone (NYSE: BX) has announced a significant $3 billion equity investment in Invenergy, the largest private renewable energy company in North America. This investment aims to accelerate Invenergy's clean energy initiatives and supports its ongoing projects that power around 8.5 million homes. Since 2019, Blackstone has committed nearly $13 billion towards investments aligned with energy transition. Both CDPQ and Invenergy management retain majority ownership, ensuring continued leadership in renewable energy development.
Candle Media has made a strategic minority investment in Westbrook Inc., the media company founded by Will Smith and Jada Pinkett Smith. Candle is co-led by Kevin Mayer and Tom Staggs and is backed by investment capital from Blackstone. The partnership aims to empower artists and enhance storytelling across various platforms. Blackstone's investment approach focuses on creating long-term value, and Westbrook's success includes projects like the acclaimed film KING RICHARD and hit series like Cobra Kai. The financial terms of the investment remain undisclosed.
Blackstone (NYSE: BX) has announced the pricing of its offering of $500 million in 2.550% senior notes due 2032 and $1.0 billion in 3.200% senior notes due 2052. These notes will be guaranteed by Blackstone and its indirect subsidiaries. The proceeds will be used for general corporate purposes. The notes are offered to qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S of the Securities Act of 1933. Note that these securities have not been registered and cannot be sold in the U.S. without proper registration.
Blackstone's Byron R. Wien and Joe Zidle have released their 2022 Ten Surprises, marking 37 years of predictive insights. Key surprises include the S&P 500's stagnant performance amid rising earnings and interest rates, persistent inflation projected at 4.5%, and a 20% rise in gold prices due to market volatility. They anticipate a recovery in group events post-Omicron and a rise in the US Treasury yield to 2.75%. Additionally, they note challenges in the US green energy sector due to lithium supply constraints from China.