Blackstone Inc Stock Price, News & Analysis

Blackstone (NYSE: BX) has priced a $750 million offering of 5.000% senior notes due 2034 through its indirect subsidiary, Blackstone Reg Finance Co. The notes will be fully guaranteed by Blackstone Inc. and its indirect subsidiaries, including various Blackstone Holdings partnerships. The company plans to use the proceeds for general corporate purposes. The notes were offered under an effective shelf registration statement with the SEC, with several major financial institutions serving as points of contact for the prospectus and related materials.

Blackstone (NYSE: BX) announced three key leadership appointments and launched new client coverage areas. Farhad Karim has been appointed Global COO of Private Wealth Solutions (PWS), which manages $250B in assets across the private wealth channel. Chris Sullivan becomes Head of Sponsor Coverage to serve private equity sponsors across debt and equity strategies. Adam Lane joins as Head of Consultant Relations to manage relationships with institutional client advisors.

The PWS business, launched over a decade ago, provides financial advisors access to institutional-quality alternative investments across real estate, credit, private equity and infrastructure, with a team of nearly 300 professionals globally.

Blackstone (NYSE: BX) has announced plans to offer senior notes through its indirect subsidiary, Blackstone Reg Finance Co. L.L.C. The notes will be fully guaranteed by Blackstone Inc. and its indirect subsidiaries, including various Blackstone Holdings partnerships. The company intends to use the proceeds for general corporate purposes. The offering will be made through an effective shelf registration statement with the SEC, with several major financial institutions serving as points of contact for the prospectus and supplementary materials.

Blackstone Credit & Insurance (BXCI) has agreed to acquire a $1 billion portfolio of high-quality infrastructure loans from Santander. The portfolio includes loans financing assets primarily in Western Europe and the US, focusing on digital infrastructure, utility-scale renewable, energy efficiency, and transportation sectors. BXCI's Infrastructure and Asset Based Credit platform manages over $80 billion with more than 70 investment professionals. This strategic transaction aims to support Santander's capital goals while allowing them to streamline their balance sheet and continue growth in the Structured Finance space.

Blackstone (NYSE:BX) has announced that Jon Gray, President and Chief Operating Officer, will present at the Goldman Sachs 2024 US Financial Services Conference on Wednesday, December 11, 2024, at 12:20pm ET. The presentation will be accessible through a live webcast on Blackstone's website in the Shareholders section. A replay will be made available on the company's website for those unable to attend the live session.

Jersey Mike's Subs announced a major deal where Blackstone will acquire a majority ownership stake in the company. Founder and CEO Peter Cancro will retain significant equity and continue leading the business. The partnership aims to accelerate Jersey Mike's expansion and enhance its technology investments. With over 3,000 locations nationwide, Jersey Mike's ranks #2 on Entrepreneur's 2024 Franchise 500. The transaction is expected to complete in early 2025, subject to regulatory approvals. Blackstone brings extensive experience in growing franchise businesses, having previously invested in Hilton Hotels, SERVPRO, Tropical Smoothie Cafe, and 7Brew.

Blackstone has announced plans to acquire Retail Opportunity Investments Corp. (ROIC) in an all-cash transaction valued at approximately $4 billion, including outstanding debt. The deal values ROIC shares at $17.50 per share, representing a 34% premium to ROIC's closing price on July 29, 2024. ROIC's portfolio includes 93 grocery-anchored retail properties totaling 10.5 million square feet across Los Angeles, Seattle, San Francisco, and Portland. The transaction, approved by ROIC's Board of Directors, is expected to close in the first quarter of 2025, subject to stockholder approval and customary conditions.

Blackstone (NYSE: BX) announced leadership changes in its Tactical Opportunities division. Chris James, current COO and founding member, will become Global Head, succeeding David Blitzer who transitions to chairman at year-end. Jas Khaira and Qasim Abbas are elevated to Head of Americas and International, respectively. The Tactical Opportunities platform, launched in 2012, manages $37 billion in assets and is the largest structured capital solutions platform globally. The division recently closed its fourth fund (BTO IV), expected to have nearly $10 billion of new capital, marking its largest vintage ever.

Blackstone has successfully closed its first series of evergreen institutional U.S. direct lending fund (BXD) with $22 billion of investable capital, significantly exceeding the $10 billion target. This achievement expands Blackstone's global direct lending platform to over $123 billion in assets under management as of Q3. The company has already deployed or committed $40 billion in direct lending through Q3, more than double the 2023 total, including major deals with CoreWeave ($7.5B), Squarespace ($2.7B), and several middle-market transactions.