Blackstone Announces $8 Billion Final Close for Latest Real Estate Debt Strategies Fund
Blackstone (
NYSEBX) today announced the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies V (“BREDS V”), which has approximately $8 billion of total capital commitments.
ITE Management Announces Strategic Investment by Blackstone and Launch of Financing Partnership
ITE Management, L.P. (“ITE”), a leading alternative asset manager focused on transportation infrastructure, announced today a strategic minority investment from funds managed by Blackstone Credit & Insurance (“BXCI”). The investment and strategic partnership enable ITE and BXCI to collaborate and enhance ITE’s leadership position amidst a growing opportunity set within the transportation infrastructure sector.
Blackstone Appoints Rodney Zemmel as Global Head of Portfolio Operations
Blackstone (
NYSEBX) announced today that Rodney Zemmel – a long-time Senior Partner at McKinsey, who served as the global leader of both McKinsey Digital and the firm’s AI Transformation initiatives – has been appointed Global Head of Portfolio Operations.
Element Fleet Management and Blackstone Announce Strategic Funding Relationship
Element Fleet Management Corp. (TSX:EFN) ("Element"), the largest publicly traded, pure-play automotive fleet manager in the world, and funds managed by Blackstone Credit & Insurance, through its Infrastructure & Asset-Based Credit group (“Blackstone”), today announced the establishment of a strategic funding relationship involving a portfolio of Canadian fleet lease receivables valued at approximately CAD $500 million.
Blackstone Announces $5.6 Billion Final Close for Blackstone Energy Transition Partners IV at Hard Cap
Blackstone (
NYSEBX) today announced the final close for its energy-transition-focused private equity fund, Blackstone Energy Transition Partners IV (“BETP IV”). BETP IV closed at its hard cap of $5.6 billion and is approximately 33% larger than its predecessor vehicle.
Blackstone Infrastructure to Acquire Safe Harbor Marinas in $5.65B Transaction
Blackstone (
NYSEBX) announced today that funds managed by Blackstone Infrastructure (“Blackstone”) have agreed to acquire Safe Harbor Marinas (“Safe Harbor”), the largest marina and superyacht servicing business in the United States, from Sun Communities, Inc
NYSE: SUINYSESUI)
Blackstone Real Estate Completes Privatization of Retail Opportunity Investments Corp. for $4 Billion
Blackstone (
NYSEBX) and Retail Opportunity Investments Corp. (“ROIC” or the “Company”) today announced that Blackstone Real Estate Partners X (“Blackstone”) has completed its previously announced acquisition of all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt.
Blackstone Life Sciences and Anthos Therapeutics Announce Agreement for Anthos to be Acquired by Novartis for up to $3.1 Billion
Blackstone Life Sciences and Anthos Therapeutics, Inc. (“Anthos” or the “company”), a transformative, clinical-stage biopharmaceutical company developing innovative therapies for the treatment of cardiometabolic diseases, announced today that the company has entered into an agreement with Novartis to acquire Anthos for up to $3.1 billion. Anthos was founded by Blackstone Life Sciences and Novartis in 2019 with the exclusive global rights from Novartis to develop, manufacture, and commercialize abelacimab, a novel factor XI inhibitor that originated at Novartis, being developed to prevent stroke and systemic embolism in patients with atrial fibrillation as well as to prevent the recurrence of blood clots in patients with cancer.
Blackstone to Present at the Bank of America Securities Financial Services Conference 2025
Blackstone (
NYSEBX) announced today that Michael Chae, Vice Chairman and Chief Financial Officer, is scheduled to present at the Bank of America Securities 2025 Financial Services Conference on Tuesday, February 11, 2025 at 10:30am ET.
Blackstone Energy Transition Partners to Acquire Potomac Energy Center
Blackstone (
NYSEBX) announced today that Blackstone Energy Transition Partners (“Blackstone”) have agreed to acquire Potomac Energy Center (“Potomac”), a 774-megawatt natural gas power plant in Loudoun County, Virginia.
Blackstone Invests $300 Million at a $5 billion Valuation in DDN, AI and Data Intelligence Solutions Leader, to Fuel Further Rapid Growth
DDN, a global leader in AI and data intelligence solutions, today announced it has received a $300 million investment from funds managed by Blackstone Tactical Opportunities (“Blackstone”) at a $5 billion valuation. The investment will be used to help fund DDN’s continued rapid growth as it serves its customers’ fast-expanding AI and high-performance computing (HPC) software and infrastructure needs.
Blackstone Credit & Insurance Announces Over $1 Billion in New Financings to Support Recapitalization of Jet Support Services, Inc., a Portfolio Company of GTCR and Genstar Capital
Blackstone Credit & Insurance (“Blackstone”) and Jet Support Services, Inc. (“JSSI”) today announced over $1 billion in new financings to support the recapitalization of JSSI, the world’s largest independent provider of hourly cost maintenance programs for business aircraft engines, auxiliary power units, and airframes. Funds managed by Blackstone have now provided over $1.8 billion of debt financing and an investment in the common equity in a series of financings for JSSI, a portfolio company of leading private equity firms GTCR and Genstar Capital.
Blackstone Completes Senior Notes Offering
Blackstone (
NYSEBX) announced the completion of the previously announced offering of $750 million of 5.000% senior notes due 2034 of Blackstone Reg Finance Co. L.L.C., its indirect subsidiary. The notes are fully and unconditionally guaranteed by Blackstone Inc. and its indirect subsidiaries, Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Blackstone intends to use the proceeds from the notes offering for general corporate purposes.
Blackstone Prices $750 Million Senior Notes Offering
Blackstone (
NYSEBX) priced its offering of $750 million of 5.000% senior notes due 2034 of Blackstone Reg Finance Co. L.L.C., its indirect subsidiary. The notes are to be fully and unconditionally guaranteed by Blackstone Inc. and its indirect subsidiaries, Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Blackstone intends to use the proceeds from the notes offering for general corporate purposes.
Blackstone Announces Key Leadership Appointments and Launches New Areas of Client Coverage
Blackstone (
NYSEBX) today announced three appointments to key firmwide roles and the creation of two new functions to enhance client coverage and capital raising. Blackstone veterans Farhad Karim and Chris Sullivan will step into new roles and the firm is pleased to welcome Adam Lane.
Blackstone to Offer Senior Notes
Blackstone (
NYSEBX) today announced its intention to offer, subject to market and other conditions, senior notes of Blackstone Reg Finance Co. L.L.C., its indirect subsidiary. The notes are to be fully and unconditionally guaranteed by Blackstone Inc. and its indirect subsidiaries, Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Blackstone intends to use the proceeds from the notes offering for general corporate purposes.
BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Liberty Broadband Corporation (Nasdaq – LBRDA, LBRDK, LBRDP), Adams Resources & Energy, Inc. (NYSE American - AE), Retail Opportunity Investments Corp. (Nasdaq ROIC),BALA CYNWYD, Pa., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
Blackstone Credit & Insurance Announces $1 Billion Infrastructure Loan Portfolio Purchase From Santander
Blackstone and Santander Corporate & Investment Banking today announced an agreement under which funds managed by Blackstone Credit & Insurance (“BXCI”) will acquire interests in a $1 billion portfolio of high-quality infrastructure loans from Santander. The portfolio comprises loans that finance assets located largely in Western Europe and the US across the digital infrastructure, utility scale renewable, energy efficiency and transportation sectors.
Blackstone to Present at the Goldman Sachs 2024 US Financial Services Conference
Blackstone (
NYSEBX) announced today that Jon Gray, President and Chief Operating Officer, is scheduled to present at the Goldman Sachs 2024 US Financial Services Conference on Wednesday, December 11, 2024 at 12:20pm ET.
Jersey Mike’s to Partner with Blackstone to Accelerate Leading Franchisor’s Continued Growth
Jersey Mike’s Subs, a leading franchisor of fast-casual submarine sandwich stores known for its fresh sliced and fresh grilled subs, announced today it has reached an agreement whereby private equity funds managed by Blackstone (“Blackstone”) – led by Blackstone’s most recent flagship private equity vehicle – will acquire a majority ownership position in Jersey Mike’s.
BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Liberty Broadband Corporation (Nasdaq – LBRDA, LBRDK, LBRDP), Adams Resources & Energy, Inc. (NYSE American - AE), Retail Opportunity Investments Corp. (Nasdaq –BALA CYNWYD, Pa., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
Blackstone Real Estate to Take Retail Opportunity Investments Private for $4 Billion
Blackstone (
NYSEBX) and Retail Opportunity Investments Corp. (Nasdaq: ROIC) (“ROIC” or the “Company”) today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt. ROIC’s portfolio consists of 93 high-quality, grocery-anchored retail properties totaling 10.5 million square feet concentrated in Los Angeles, Seattle, San Francisco and Portland.
Blackstone Tactical Opportunities Announces Leadership Transition
Blackstone (
NYSEBX) announced today that Chris James – currently Chief Operating Officer (COO) and a founding member of Blackstone Tactical Opportunities (“Tac Opps”), with nearly two decades of experience at Blackstone – will become Global Head of Tac Opps. He will succeed David Blitzer, who will transition to chairman of the business at year end.
Blackstone Closes First Series of Evergreen Institutional U.S. Direct Lending Fund with $22 Billion of Investable Capital; Brings Global Direct Lending Platform to over $123 Billion in AUM
Blackstone today announced the final close of the first series of its evergreen institutional U.S. direct lending fund, Blackstone Senior Direct Lending Fund (“BXD”). Blackstone has closed on approximately $22 billion of investable capital for the inaugural series of BXD and related vehicles, including anticipated leverage, exceeding our $10 billion target. This brings Blackstone’s global direct lending platform to over $123 billion in assets under management as of the third quarter.
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