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 appointed Frederic Kerrest, Co-Founder of Okta, as a Senior Advisor. Kerrest brings significant experience in digital transformation and enterprise software, expected to greatly benefit Blackstone Growth (BXG). Jon Korngold, Global Head of BXG, highlighted Kerrest's expertise in navigating high-growth company challenges. Kerrest expressed eagerness to leverage Blackstone's resources to help fast-growing companies scale. Blackstone, with $684 billion in assets under management, aims to create long-term value across its investment sectors.
Blackstone Mortgage Trust (NYSE: BXMT) declared a dividend of
Blackstone Mortgage Trust (NYSE:BXMT) has successfully closed an underwritten public offering of 10,000,000 shares of its class A common stock, generating net proceeds of approximately
Blackstone Mortgage Trust (NYSE:BXMT) has announced a public offering of 10 million shares of its class A common stock, with an additional option for underwriters to purchase 1.5 million more shares. The offering aims to raise approximately $315 million, potentially $362 million if the option is fully exercised. The funds will support the origination of commercial mortgage loans and general corporate purposes. The closing date is set for September 14, 2021, pending customary conditions.
Blackstone Mortgage Trust (NYSE:BXMT) announced a public offering of 10 million shares of its Class A common stock, with an option for underwriters to purchase an additional 1.5 million shares within 30 days. The net proceeds will support working capital and the origination of more commercial mortgage loans. Major underwriters include Morgan Stanley, BofA Securities, and Citigroup. This offering is part of the Company’s effective shelf registration statement filed with the SEC.
Dynamo Software announced a strategic investment agreement with Blackstone Growth and further reinvestment from existing investor Francisco Partners. This investment aims to support Dynamo's expansion into new global markets and enhance product development for the alternative investment management sector, where it serves over 1,000 clients. The transaction is expected to close in Q4, subject to regulatory approvals. Financial terms were not disclosed.
Blackstone (NYSE: BX) announced the appointment of three senior leaders in its $163 billion credit business, Blackstone Credit. Carlos Whitaker, previously from Credit Suisse, will serve as President of both Blackstone Private Credit Fund (BCRED) and Blackstone Secured Lending Fund (BXSL). Kate Rubenstein is appointed COO of BCRED and BXSL, transitioning from the Portfolio Operations Group. Chris Sullivan joins as Head of Sponsor Coverage from Barclays. The appointments aim to enhance sourcing investment opportunities and support portfolio companies amid growing demand for private credit products.
The Chamberlain Group, a leader in smart access solutions, is being sold to private equity funds managed by Blackstone for approximately $5 billion. Upon closing, Chamberlain will remain privately held, with The Duchossois Group retaining ownership and two board seats. Blackstone aims to enhance Chamberlain's software-based services and expand into new markets, including commercial and automotive sectors. The deal, pending regulatory approval, is expected to finalize by the end of 2021.
On August 31, 2021, Blackstone announced the completion of its $10 billion acquisition of QTS Realty Trust, integrating the company into its investment portfolio. The acquisition aligns with Blackstone's strategy focused on data proliferation and positions QTS for long-term growth in the data center sector. QTS's common stock and preferred shares will cease public trading. Blackstone aims to leverage QTS's management team to enhance operations amidst rising demand for data centers.
DECA Dental Group has announced a strategic investment from Blackstone Tactical Opportunities (NYSE: BX) to fuel its expansion across the U.S. This partnership aims to enhance DECA’s ability to provide high-quality, patient-centric dental care. Founded in 2008 in Dallas, DECA operates nearly 100 affiliated practices in Texas, Florida, and Washington. Dr. Sulman Ahmed, the company's founder, emphasized the investment will aid in scaling their successful care model. Blackstone's Todd Hirsch notes DECA's unique platform driven by its dentist-led leadership.