Blackstone Inc Stock Price, News & Analysis

Allegiant Travel Company (NASDAQ: ALGT) has announced the sale of its Sunseeker Resort Charlotte Harbor to Blackstone Real Estate (NYSE: BX) for $200 million. The transaction involves a newly-built resort featuring 785 rooms across 22 waterfront acres on Florida's Gulf Coast.

The resort includes extensive amenities such as multiple dining venues, two pools, a spa, fitness center, rooftop adult pool and bar, a championship golf course, and over 60,000 square feet of indoor meeting space. Allegiant plans to use the proceeds to repay debt and strengthen its balance sheet. The deal is expected to close in Q3 2025, subject to customary conditions.

Blackstone (NYSE: BX) has completed a CDN$7 billion equity investment in Rogers Communications through its Credit & Insurance division (BXCI). The investment involves acquiring a non-controlling stake in a new Rogers subsidiary that owns part of the company's wireless backhaul transport infrastructure. The investment consortium includes major Canadian institutional investors: CPP Investments, La Caisse, PSP Investments, BCI, and IMCO. The deal represents Blackstone's strategy of providing capital solutions to major corporations while offering unique investment opportunities. BXCI's Infrastructure and Asset Based Credit platform manages over $90 billion and employs more than 70 investment professionals.

Blackstone (NYSE: BX) has appointed Joseph Cassanelli as Senior Managing Director for its Tactical Opportunities division, focusing on financial services sector investments. Cassanelli, former Co-Head of Lazard's U.S. Financial Institutions Group, brings over two decades of experience and has advised on transactions exceeding $500 billion. Blackstone's Tactical Opportunities, launched in 2012, is the world's largest hybrid capital solutions platform with $34 billion in assets under management. The platform recently closed its fourth fund (BTO IV) with nearly $10 billion in new capital, marking its largest vintage to date. Notable investments include CoreWeave and Recognition Music Group.

Blackstone (NYSE: BX) has launched BMACX, its first private multi-asset credit interval fund, now available through select registered investment advisers. The fund provides access to Blackstone's $465 billion credit platform, offering daily subscriptions, quarterly liquidity, and low investment minimums with immediate capital deployment. BMACX will invest across diverse credit assets, including private corporate credit, asset-based and real estate credit, structured credit, and liquid credit. The fund aims to deliver monthly distributions with lower volatility than traditional fixed income products. Led by CEO Heather von Zuben and CIO Dan Oneglia, BMACX builds on Blackstone's track record of providing private credit solutions to individual investors since 2018. The fund received SEC effectiveness in March 2025.

Blackstone has successfully completed the acquisition of Safe Harbor Marinas, America's largest marina and superyacht servicing business, from Sun Communities for $5.65 billion.

The transaction, initially announced on February 24, 2025, positions Safe Harbor for strategic growth under Blackstone's infrastructure portfolio. Heidi Boyd, Senior Managing Director at Blackstone infrastructure, expressed enthusiasm about working with Safe Harbor's team to develop existing marinas and scale their platform.

Safe Harbor CEO Baxter Underwood highlighted the company's commitment to maintaining their people-first culture and community relationships while pursuing growth opportunities. The deal was facilitated by financial advisors Wells Fargo, J.P. Morgan Securities, and Goldman Sachs, with legal guidance from Gibson, Dunn & Crutcher and Simpson Thacher & Bartlett.

Wellington Management, Vanguard, and Blackstone (NYSE: BX) have announced a groundbreaking strategic alliance to revolutionize investment access. The collaboration aims to develop simplified multi-asset investment solutions that integrate both public and private markets, along with active and index strategies.

This first-of-its-kind initiative combines Wellington's century-long active management expertise, Vanguard's 50-year track record in active and index fund management, and Blackstone's 40-year leadership in alternative assets. The partnership focuses on creating institutional-caliber investment opportunities typically reserved for large global institutions, making them more accessible to broader investor bases.

The alliance specifically targets building fully diversified portfolios incorporating private assets to pursue higher returns, with solution details expected in the coming months. The collaboration aims to support financial advisors in meeting their clients' income and growth objectives.

Blackstone (NYSE: BX) has agreed to acquire a 95% stake in an industrial portfolio from Crow Holdings for $718 million. The portfolio comprises 25 Class A buildings totaling 6 million square feet, primarily located in Dallas and Houston's high-barrier submarkets.

Crow Holdings and its partners will maintain a 5% ownership in the portfolio. The acquisition aligns with Blackstone's logistics-focused investment strategy, where they currently own over $90 billion of warehouses in North America and nearly $170 billion globally. The transaction is set to close in the second quarter of 2025.

The deal comes at a time when the logistics sector shows strong fundamentals, with vacancy and new construction starts down more than 80% from the 2022 peak.

Novartis has completed the acquisition of Anthos Therapeutics in a deal valued at up to $3.1 billion, with $925 million paid upfront. Anthos, founded by Blackstone Life Sciences and Novartis in 2019, focuses on developing treatments for cardiometabolic diseases.

The company's key asset is abelacimab, a Factor XI inhibitor licensed from Novartis, currently in Phase 3 clinical trials. The drug is being tested for stroke prevention and systemic embolism in atrial fibrillation patients (LILAC-TIMI 76 trial), along with two studies for cancer-associated thrombosis (ASTER and MAGNOLIA). Trial data is expected in the second half of 2026.