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.
Renaissance, a leader in pre-K–12 educational technology, announced a significant equity investment from Blackstone (NYSE:BX) alongside existing investors Francisco Partners and TPG’s The Rise Fund. This partnership aims to accelerate growth and innovation in educational solutions, enhancing their product offerings for over 16 million students globally. With a strong presence in more than 40% of US schools, Renaissance plans to utilize this investment to further develop their technology platform and pursue a targeted acquisition strategy, building on recent acquisitions of Lalilo and Nearpod.
Blackstone (NYSE: BX) appointed Viral Patel as the new Global Head of Technology Investing for Blackstone Credit. Previously part of the Tactical Opportunities Group, Patel aims to enhance investment in the rapidly growing technology sector. Blackstone Credit is experiencing significant growth, driven by strong demand for private credit products from institutional and individual investors. Patel brings nearly two decades of experience, having contributed to numerous successful technology investments.
Moonbug Entertainment has entered into a definitive agreement to be acquired by a media company led by Kevin Mayer and Tom Staggs, with backing from Blackstone. This strategic acquisition aims to enhance Moonbug's global presence in children's entertainment, leveraging its popular shows like CoComelon and Blippi. The deal marks the second acquisition for Mayer and Staggs' media venture. Financial terms remain undisclosed, but the existing management will retain equity stakes in the new company.
Blackstone (NYSE: BX) announces the appointment of Stephanie Lundquist as a Senior Advisor. Lundquist, former EVP and President of Food & Beverage at Target, brings over 15 years of experience in HR, operations, and business transformation. She will focus on supporting Blackstone Growth (BXG) and its portfolio companies, particularly in the consumer space. Blackstone manages assets worth $731 billion globally, aiming to create long-term value for investors and companies.
Blackstone (NYSE:BX) has officially formed its Structured Finance Group, merging Blackstone Real Estate Debt Strategies with various asset-backed finance activities. Jonathan Pollack, previously Global Head of BREDS, will lead this new division. This formation aims to enhance Blackstone's lending capabilities across multiple markets, including consumer finance and real estate. Blackstone’s President, Jon Gray, emphasized the importance of utilizing information across asset classes for unique financing solutions. The firm manages $731 billion in assets globally, focusing on creating long-term value.
The Chamberlain Group announced it has been sold to private equity funds managed by Blackstone. This investment focuses on long-term growth for Chamberlain Group, providing resources and expertise to enhance its software-based access services. JoAnna Sohovich will transition to Chair of the Board on January 1, 2022, while Jeff Meredith will take over as CEO. Blackstone's support aims to expand Chamberlain's market reach and capitalize on megatrends in connectivity, solidifying its position in smart access solutions.
American International Group (AIG) and Blackstone have officially closed the transaction for Blackstone to acquire a 9.9% equity stake in AIG’s Life & Retirement business. Additionally, Blackstone will manage an initial $50 billion of AIG Life & Retirement’s investment portfolio.
This partnership aims to leverage Blackstone's investment expertise to enhance AIG's offerings in life insurance and retirement solutions, providing long-term value for shareholders.
Blackstone (NYSE: BX) has announced that Jon Gray, President and Chief Operating Officer, will present virtually at the BofA Securities 2021 Banking and Financials Conference on November 10, 2021, at 12:30 pm ET. The live webcast will be available on Blackstone’s website, with a replay accessible shortly after the event. Blackstone, the world’s largest alternative asset manager, currently manages $731 billion in assets across various investment vehicles.
On October 20, 2021, Blackstone Real Estate Income Trust (BREIT) announced the completion of its acquisition of WPT Industrial Real Estate Investment Trust for
SPANX has announced a definitive agreement for a majority investment from Blackstone, valuing the company at $1.2 billion. Founder Sara Blakely will retain a significant stake and become Executive Chairwoman of a newly formed board. This acquisition aims to accelerate SPANX’s digital transformation and expand its global reach across more categories. The investment will be managed by an all-female team from Blackstone, showcasing a commitment to empowering women globally.