Blackstone Inc (BX)

Blackstone Energy Transition Partners Announces Agreement to Acquire Dresser Utility Solutions from First ReserveJuly 6, 2026 10:00 AM
Business Wire Blackstone (NYSE: BX) today announced that funds managed by Blackstone Energy Transition Partners (“Blackstone”) have entered into a definitive agreement to acquire Dresser Utility Solutions (“Dresser”), a premier provider of mission-critical natural gas and water measurement, control and infrastructure equipment solutions, from First Reserve. This represents the first investment of the most recent vintage of Blackstone’s private equity energy transition vehicle. Founded in 1880 and headquartered in Houston, Texas, Dresser provides metering technology, digital instrumentation and software, pressure and flow control solutions, and infrastructure repair products for gas and water utilities and industrial customers. With approximately 850 employees across its global manufacturing footprint, the company helps customers modernize aging utility infrastructure and improve asset reliability. David Foley, Global Head of Blackstone Energy Transition Partners, and JP Munfa, Senior Managing Director, said: “As demands on the energy grid continue to grow, Dresser plays a critical role as a trusted partner to utilities managing essential infrastructure. The company’s products are foundational to the safe and reliable operation of gas and water networks, and its reputation for quality has helped build longstanding customer relationships. We look forward to leveraging Blackstone’s scale and resources to help Dresser continue to serve its customers, innovate and grow.” David Evans, CEO of Dresser Utility Solutions, said: “This transaction marks an exciting milestone for Dresser and reflects the exceptional work of our entire team. Blackstone’s deep resources and experience in the utility sector make them an ideal partner as we continue to invest in innovation, expand our product portfolio, and deliver value for our customers. We are energized by what lies ahead and are grateful to First Reserve for their invaluable partnership in helping build Dresser into the company it is today.” Jeff Quake, Managing Partner at First Reserve, said “We’re grateful to have partnered with the Dresser team to build a leading infrastructure technology platform helping utilities optimize assets and manage the digital transformation process. Dresser is well-positioned to continue the execution of its growth strategy and we wish David Evans and the entire team well as they look to build on the company’s momentum in this exciting new chapter.” Terms of the transaction were not disclosed. The transaction is subject to customary closing conditions. D.A. Davidson & Co. and Jefferies acted as financial advisors and Kirkland & Ellis acted as legal advisor to Blackstone. Harris Williams served as financial advisor and Simpson Thacher & Bartlett served as a legal advisor to Dresser. About Dresser Utility Solutions With more than a century of innovation, Dresser Utility Solutions is a trusted leader in providing safe, reliable infrastructure technologies that support utilities around the world. The company continues to strengthen and modernize utility infrastructure, ensuring customers receive high-performing technologies that operate safely, reduce emissions and product loss, and minimize operational costs. Dresser's portfolio includes gas metering technology, digital instrumentation and software, pressure and flow control solutions, and gas and water infrastructure repair products. Together, these solutions support the complete utility infrastructure lifecycle - from measurement and control to repair and maintenance. For more information, visit www.dresserutility.com. Blackstone Energy Transition Partners Blackstone Energy Transition Partners is Blackstone’s strategy for control-oriented equity investments in energy-related businesses, with a successful long-term record, having invested over $28 billion of equity globally across a broad range of sectors across the energy transition landscape. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering more reliable, affordable and cleaner energy to meet the needs of the global community. In the process, we build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders. Further information is available at https://www.blackstone.com/our-businesses/blackstone-energy-transition-partners/. About Blackstone Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. About First Reserve First Reserve is a leading private equity firm investing across Infrastructure Solutions, Value-Added Infrastructure and Resources strategies with exposure in energy, utility, and industrial markets. Founded in 1983, First Reserve has more than 40 years of industry insight and has cultivated a differentiated network of relationships and portfolio exposure. Since inception, First Reserve has raised over $35 billion of aggregate capital and has developed operational expertise built from over 750 transactions, including platform investments and add-on acquisitions. Please visit www.firstreserve.com for further information. View source version on businesswire.com: https://www.businesswire.com/news/home/20260705279067/en/ Media Contacts Blackstone Jennifer Heath
Jennifer.Heath@Blackstone.com First Reserve Erik Carlson / Madeline Jones
Joele Frank, Wilkinson Brimmer Katcher
212.355.4449
FirstReserve-JF@joelefrank.com Original: Blackstone Energy Transition Partners Announces Agreement to Acquire Dresser Utility Solutions from First Reserve

Blackstone Raises its Largest Asia Private Equity Fund at $13.1 BillionJune 1, 2026 9:00 PM
Business Wire Oversubscribed Fund More than Doubles Capital Raised for Predecessor Vehicle Blackstone (NYSE: BX) today announced the final close of Blackstone Capital Partners Asia III (“BCP Asia III”) at $13.1 billion, exceeding its $10 billion target and marking the firm’s largest private equity fundraise in the region. The oversubscribed fund reached its hard cap and builds on the strong performance of the strategy’s first two vintages, with this close representing more than double the amount of capital raised for its predecessor vehicle. Joe Baratta, Global Head of Blackstone Private Equity Strategies, said: “We are grateful for the continued trust of our investors in Blackstone and our leading Asia Private Equity franchise. This successful fundraise reflects the strength of our platform and our ability to perform through cycles. Asia Pacific is the fastest-growing region in the world, presenting compelling opportunities to invest at scale behind our high-conviction themes and deliver for our investors.” Amit Dixit, Head of Asia for Blackstone Private Equity, said: “For two decades, we have focused on building businesses into market leaders and driving performance for our investors. We believe our differentiation lies in our scale, supported by homegrown teams across the region’s major markets; strong performance; and our control-oriented strategy that enables us to have a hands-on, proactive approach to supporting business transformations. We thank our investors for their support and partnership.” Blackstone has been one of the most active global investors in the region over the last 24 months, reinforcing its leadership in India and Japan. The firm invested over $7 billion of capital across 12 transactions, which include: Neysa, a fast-growing Indian AI cloud platform TechnoPro, Japan’s leading specialized engineering services provider JUNO, South Korea’s top hair salon franchise In addition, the firm has had 15 exits with realizations over the same period, including: Listing of International Gemological Institute, the largest lab grown diamonds certification player Listing of Aadhar Housing Finance, India’s largest affordable housing finance business Exit from Alinamin Pharmaceutical after helping build the business into one of Japan’s leading consumer healthcare businesses About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. View source version on businesswire.com: https://www.businesswire.com/news/home/20260601164137/en/ Media Contact
Ellen Bogard
Ellen.Bogard@Blackstone.com
Tel: +852 3651 7737 Original: Blackstone Raises its Largest Asia Private Equity Fund at $13.1 Billion

Blackstone to Present at Morgan Stanley’s US Financials ConferenceMay 28, 2026 4:45 PM
Business Wire Blackstone (NYSE:BX) announced today that Jon Gray, President and COO, is scheduled to present at Morgan Stanley’s US Financials Conference on Tuesday, June 9, 2026 at 9:40am ET. A live webcast of the presentation will be available on the Shareholders section of Blackstone’s website at http://ir.blackstone.com. For those unable to listen to the live webcast, a replay will be available on Blackstone’s website shortly after the event. About Blackstone Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. View source version on businesswire.com: https://www.businesswire.com/news/home/20260528219212/en/ Blackstone Shareholder Relations
BlackstoneShareholderRelations@blackstone.com Original: Blackstone to Present at Morgan Stanley’s US Financials Conference

Google and Blackstone to launch AI cloud venture backed by $5 billion investment as shares gain (GOOGL)May 19, 2026 6:45 AM
IH Market News New AI infrastructure company to use Google-designed chips Alphabet’s (NASDAQ:GOOGL) Google and Blackstone Inc (NYSE:BX) announced plans on Tuesday to create a new artificial intelligence cloud computing company powered by Google’s proprietary AI chips, lifting shares of both companies in premarket U.S. trading.In a joint statement, the companies said Blackstone will invest $5 billion in the venture and will hold a majority ownership stake.The new company plans to bring 500 megawatts of computing capacity online by 2027, with ambitions to significantly expand capacity over time. Venture expected to compete in fast-growing AI computing market The project is expected to compete with AI infrastructure providers such as CoreWeave Inc (NASDAQ:CRWV), while also strengthening Google’s efforts to expand commercialization of its in-house AI processors, potentially increasing competition for NVIDIA Corporation (NASDAQ:NVDA).The initiative comes as technology companies race to meet rapidly growing demand for computing power driven by artificial intelligence applications. Although Nvidia’s chips are widely viewed as the industry leader, soaring demand has encouraged many companies to explore alternative semiconductor suppliers.Google last month introduced a new processor specifically designed for running AI models. Under the agreement, Google will provide the venture with its Tensor Processing Units chips, along with related software and cloud services.Alphabet stock priceBlackstone stock priceCoreWeave stock priceNvidia stock price Original: Google and Blackstone to launch AI cloud venture backed by $5 billion investment as shares gain (GOOGL)

Trump’s Iran Remarks Lift Hopes for Peace Deal as Markets Track Oil and AI Momentum: Dow Jones, S&P, Nasdaq, Wall Street FuturesMay 19, 2026 5:29 AM
IH Market News U.S. futures trade cautiously ahead of key earnings U.S. stock futures were little changed early Tuesday as investors weighed renewed optimism over a possible peace agreement between the United States and Iran while preparing for major technology earnings later this week.At 03:30 ET, Dow futures were broadly flat, S&P 500 futures slipped 0.1%, and Nasdaq 100 futures fell 0.2%.Attention on the earnings calendar is turning first to Home Depot (NYSE:HD), which is set to kick off a series of results from major consumer-facing retailers. However, market focus remains firmly on semiconductor giant Nvidia (NASDAQ:NVDA), whose upcoming earnings are expected to offer fresh insight into the strength of the artificial intelligence investment boom that has continued to support equities despite the ongoing Iran conflict.Wall Street closed mixed on Monday, with the S&P 500 and Nasdaq Composite ending lower while the Dow Jones Industrial Average outperformed, rising 0.3%. Profit-taking in technology shares, rising Treasury yields and elevated oil prices weighed on broader sentiment. Trump pauses new strikes on Iran Market sentiment improved later in Monday’s session after comments from President Donald Trump helped reduce fears of further escalation in the Middle East.According to analysts at Deutsche Bank, Trump’s social media comments helped the S&P 500 recover most of its intraday losses.Trump said he had halted plans for additional attacks on Iran following requests from several Gulf leaders. The president stated that “serious negotiations are now taking place,” adding that, “in the opinion” of Gulf officials, a “Deal will be made, which will be very acceptable to the United States of America, as well as all Countries in the Middle East, and beyond.”He also stressed that any agreement would involve “NO NUCLEAR WEAPONS FOR IRAN!” while warning that the U.S. military remains prepared to launch a “full, large scale assault on Iran, on a moment’s notice” should talks collapse.“The news helped remove some of the risk premium that had built up over the course of yesterday,” Deutsche Bank analysts said.Iranian state media separately reported that Tehran had submitted a new peace proposal to Washington that would end hostilities across all fronts, include the withdrawal of U.S. forces from areas near Iran and provide compensation for damage caused by American and Israeli strikes. Oil prices retreat but remain elevated Brent crude futures were last down 1.8% at $110.07 per barrel. Before the joint U.S.-Israeli military campaign against Iran began in late February, Brent was trading around $70 per barrel.Investors remain concerned that sustained disruption to global energy supplies could reignite inflationary pressures and lead central banks to maintain or increase interest rates.The easing in oil prices also helped stabilise global bond markets after recent heavy selling. Yields on benchmark U.S. 10-year Treasuries retreated from more than one-year highs, while the two-year yield also edged lower.Government bond yields across the eurozone, including Germany, France, Spain and Italy, also moved down, reflecting renewed demand for fixed-income assets.“While near-term yield volatility may keep markets on edge, current attractive yields and growth risks point to an appealing risk-return profile for short- and medium-maturity quality bonds,” analysts at UBS Global Wealth Management said. Google and Blackstone launch AI cloud venture Alphabet’s Google (NASDAQ:GOOG) and Blackstone (NYSE:BX) announced plans to create a new artificial intelligence cloud computing company powered by Google’s proprietary chips.Blackstone will invest $5 billion and hold a majority stake in the venture, according to a joint statement from the companies.The project aims to bring 500 megawatts of computing capacity online by 2027, with plans to significantly expand infrastructure over time.The new company is expected to compete with AI-focused computing providers such as CoreWeave while also strengthening Google’s efforts to commercialise its in-house AI chips, potentially increasing competition for Nvidia. Japan’s economy grows faster than expected Japan’s economy expanded at a stronger-than-expected pace in the first quarter, supported by solid private consumption and export activity.Preliminary government figures released Tuesday showed annualised GDP growth of 2.1% during the January-to-March period, above market expectations of 1.7% and accelerating from a revised 0.8% increase in the previous quarter.On a quarterly basis, GDP rose 0.5%, beating forecasts of 0.4% growth and improving from the prior quarter’s 0.2% increase.Despite the upbeat data, economists warned that the economic impact of the Iran conflict could intensify in the coming months, particularly due to higher energy costs affecting Asian economies reliant on imported fuel.“Japan’s economy approached the Iran war with solid momentum but we think that GDP growth will grind to a halt this quarter and next,” analysts at Capital Economics said.“Looking ahead, the government’s decision to cap prices of petroleum products means that inflation will remain subdued for now. However, that’s unlikely to last as higher energy prices are lifting prices of imported products and will feed through to higher utility bills in due course.”Alphabet stock priceBlackstone stock priceHome Depot stock priceNvidia stock price Original: Trump’s Iran Remarks Lift Hopes for Peace Deal as Markets Track Oil and AI Momentum: Dow Jones, S&P, Nasdaq, Wall Street Futures

Blackstone Announces Joint Venture with Google to Create New TPU CloudMay 18, 2026 9:05 PM
Business Wire Blackstone to make initial $5 billion equity commitment to bring 500 MW of capacity online in 2027, with plans to scale significantly over time Blackstone (NYSE: BX) today announced a joint venture with Google to create a new U.S.-based company that will offer efficient data center capacity, operations, networking, and Google Cloud's Tensor Processing Units (TPUs) as a compute-as-a-service offering. The company will give customers another option to access cloud TPUs in addition to using them through Google Cloud. Google’s TPUs are custom chips purpose-built for AI, and optimized for training and inference of advanced AI models. They have been developed and deployed in production for more than a decade and power workloads for many of the world’s top AI labs, capital market firms, and companies running the most complex high-performance computing applications. TPUs also power Gemini and the AI-driven products Google delivers to billions of users globally. Blackstone is the world's biggest alternative asset manager, with over $1.3 trillion in assets under management, and the largest global provider of data centers. The joint venture between Blackstone and Google is intended to give customers even more choice and flexibility for running their AI workloads on TPUs. Under the terms of the partnership, Blackstone is making an initial commitment of $5 billion in equity capital from funds managed by Blackstone. The company expects to bring the first 500 MW of capacity online in 2027, with plans to scale significantly over time. Google will supply hardware, including TPUs, as well as software and services to the new company so it can rapidly accelerate to meet the growing demand for accelerated computing, leveraging the benefit of Google’s technical and domain expertise. Blackstone has named Benjamin Treynor Sloss, a Google executive with over two decades of experience building and operating Google’s global infrastructure and operations, to lead the new company as CEO. Jon Gray, President and COO of Blackstone, said: “We see a generational opportunity to invest capital at scale building AI infrastructure. This new company has enormous potential as it helps to meet the unprecedented demand for compute. We are incredibly proud to partner with Google – bringing together their world class TPUs and AI capabilities with Blackstone’s exceptional strength in energy and digital infrastructure.” Jas Khaira, Head of Blackstone N1 (BXN1), said: “Capital alone doesn’t build category-defining platforms – the right partner, the right structure, and the conviction to underwrite singular opportunities do. Google’s TPUs, a decade in the making and foundational to the AI economy, are exactly the kind of platform BXN1 was built to back.” Thomas Kurian, CEO of Google Cloud, said: “This joint venture with Blackstone helps meet growing demand for TPUs, which are optimized specifically for efficiency and performance in the AI era. Together, we’re accelerating AI transformation and providing more options for organizations to access accelerated compute capability.” About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. View source version on businesswire.com: https://www.businesswire.com/news/home/20260518367552/en/ Media Contacts Blackstone
Matt Anderson
Matthew.Anderson @Chartman Google
Cynthia Horiguchi

Related Digital Announces Financing for $16 Billion Oracle Data Center Project in Saline Township, MichiganApril 24, 2026 7:17 PM
PR Newswire (US)

Related Digital and Funds Affiliated with Blackstone Commit Equity to Fund Project; Fixed Rate, Long-Term Debt Financing Anchored by PIMCO-Managed Funds and AccountsCampus Creates Thousands of Union Construction Jobs and Significant Community Investment DALLAS, April 24, 2026 /PRNewswire/ -- Related Digital, a vertically integrated data center development and investment platform, and Blackstone (NYSE: BX) announced today that financing has been secured for Related Digital's $16 billion data center campus in Saline Township, Michigan, purpose-built for Oracle. The financing includes equity from Related Digital and funds affiliated with Blackstone, and fixed-rate, long term debt financing anchored by PIMCO-managed funds and accounts. Bank of America served as structuring agent and financial advisor, with Goldman Sachs and Wells Fargo also serving as advisors to Related Digital.This project will deliver significant community benefits, including:2,500+ union construction jobs, 450+ jobs onsite, and 1,500+ jobs county-wideMillions in new, annual tax revenues to support the Township, Washtenaw County and Michigan schools$14 million in direct benefits for the local fire department and community investment Utilizing a closed-loop system that protects Michigan's waterPreservation of 750+acres of open space, farmland and wetlands"The strength of this financing is a powerful validation of what we have built at Related Digital and of the critical role this project will play in America's digital future," said Jeff T. Blau, CEO of Related Companies and Chairman of Related Digital. "We are grateful for the confidence of Blackstone, PIMCO, and our world class banking partners, institutions who understand the scale, complexity, and long-term value of what we are delivering for our partners at Oracle and OpenAI. I also want to extend my thanks to Governor Gretchen Whitmer, whose commitment to ensuring Michigan competes in the innovation economy in a responsible and forward-thinking way has made this possible. Major construction is well underway in Saline Township, momentum is strong, and we are laser focused on executing with the same discipline that has defined Related for more than 50 years."Nadeem Meghji, Global Head of Blackstone Real Estate, said: "Demand for digital infrastructure continues at a breathtaking pace, driven by AI and the broader digitalization of the economy. This investment is another way we are capitalizing on this generational opportunity and helping provide much needed compute capacity. We're excited to back the largest ever investment in the state of Michigan and we look forward to supporting Related Digital as it delivers this critical AI infrastructure.""Strong investor demand for high-quality digital infrastructure continues to drive significant capital formation, particularly for projects of this scale and complexity," said Jim DeMare, Co-President, Bank of America. "Our deep relationships with sponsor clients and investors, together with our expertise in structuring infrastructure finance transactions, positioned us well to help structure these transactions efficiently. We are proud to support Related Digital, Blackstone and Oracle on this landmark project in Michigan."DTE Energy is supplying 100% of the project's power using existing resources augmented by a new battery storage investment financed entirely by Oracle. As a result, this project is expected to create $300 million in savings for DTE's existing customers thanks to the project's contribution towards the fixed costs of grid maintenance and improvements."The rapid progress at our Saline Township data center underscores the urgency and scale of building America's next-generation AI infrastructure," said Mahesh Thiagarajan, Executive Vice President, Oracle Cloud Infrastructure. "Together with our partners, we are not just building a data center—we are creating high-quality jobs, investing in the communities in which we operate, and driving long-term economic growth. This project reflects our deep commitment to Michigan and to powering the future of AI in the United States."The Saline Township campus — known as "The Barn" for the historic red barn preserved at the project's entrance along Michigan Avenue — comprises three single-story data center buildings with more than a gigawatt of capacity. The project is being developed for Oracle as part of its partnership with OpenAI to expand AI compute capacity across the country. The campus utilizes a closed-loop cooling system for cooling and will be LEED certified. Construction on the first data center buildings is underway and the project is on schedule for delivery to Oracle. The multi-billion-dollar investment positions Michigan as a cornerstone of America's AI infrastructure buildout.The closing of the financing is subject to the satisfaction of customary closing conditions.Construction images and renderings of the Saline Township site are available here. About Related DigitalFounded by Related Companies, one of the most prominent privately-owned real estate development firms in the United States with more than $100B in assets owned or under development, Related Digital is a leading vertically integrated data center development and investment platform. Related Digital combines Related Companies' 50-year-plus history of executing complex real estate and infrastructure projects with its track record developing large-scale clean energy solutions. With a $45 billion development pipeline of more than five gigawatts of near-term power across the United States and Canada, Related Digital has the executive capabilities, depth of expertise, and national scale to bring differentiated solutions to global hyperscalers. Related Digital currently has data center projects underway in Ontario, Wyoming, Michigan, Missouri, Illinois and Texas.About BlackstoneBlackstone is the world's largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone's over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. About PIMCOPIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients' capital across a range of fixed income and credit opportunities, drawing upon our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world's largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.About OracleOracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com [oracle.com].About Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.



View original content:https://www.prnewswire.com/news-releases/related-digital-announces-financing-for-16-billion-oracle-data-center-project-in-saline-township-michigan-302753421.htmlSOURCE Related Digital

Original: Related Digital Announces Financing for $16 Billion Oracle Data Center Project in Saline Township, Michigan

Blackstone tops Q1 expectations despite market volatilityApril 23, 2026 8:45 AM
IH Market News
Blackstone Inc. (NYSE:BX) reported first-quarter results on Thursday that came in ahead of Wall Street forecasts, even as the firm operated in a challenging market environment.Shares dipped 0.93% in premarket trading following the announcement.



Earnings and revenue exceed estimates



The alternative asset manager posted adjusted earnings of $1.36 per share for the quarter ended March 31, slightly above the analyst consensus of $1.34.Revenue reached $3.62 billion, beating expectations of $3.41 billion and marking a 10% increase from $3.29 billion in the same period last year.



Strong growth in fee-related and distributable earnings



Fee Related Earnings rose 23% year-on-year to $1.5 billion, or $1.26 per share, compared with $1.3 billion a year earlier.Distributable Earnings increased 25% to $1.8 billion, or $1.36 per share, up from $1.4 billion in the first quarter of 2025.“Blackstone delivered outstanding first-quarter results despite the turbulent environment, highlighted by almost $70 billion of inflows and positive appreciation across nearly all of our flagship strategies,” said Stephen A. Schwarzman, Chairman and Chief Executive Officer.



Assets and inflows continue to expand



Total assets under management climbed 12% year-on-year to $1.3 trillion, while fee-earning AUM increased 9% to $937.6 billion.The firm recorded $68.5 billion in inflows during the quarter and $246.3 billion over the past twelve months.



Capital deployment and shareholder returns



Blackstone deployed $35.6 billion in capital during the quarter, with realizations totaling $35.9 billion.Net accrued performance revenues stood at $7.0 billion, or $5.69 per share, at the end of the quarter.The company declared a quarterly dividend of $1.16 per share, payable on May 11, 2026, to shareholders of record as of May 4, 2026. Over the past year, Blackstone returned $6.5 billion to shareholders through dividends and share buybacks.Blackstone stock price

Original: Blackstone tops Q1 expectations despite market volatility

Kindle Energy Breaks Ground on Blackstone-Backed $1.2 Billion Natural Gas Power Generation Facility in West VirginiaApril 22, 2026 1:30 PM
Business Wire
Kindle Energy today announced it has broken ground at Wolf Summit Energy (“Wolf Summit”), a previously announced fully contracted, 600-megawatt greenfield combined-cycle gas turbine (“CCGT”) power generation facility in Harrison County, West Virginia backed by Blackstone (NYSE: BX), through funds affiliated with Blackstone Energy Transition Partners (collectively, “Blackstone Energy Transition Partners”).


Wolf Summit will be the first-ever combined-cycle natural gas power plant built in West Virginia and is designed to help deliver efficient and reliable power to meet the growing energy needs of Old Dominion Electric Cooperative (ODEC), which serves approximately 1.5 million residents across Virginia, Maryland and Delaware. The project is expected to create 500 construction jobs, as well as spur additional local economic development.


Lee Davis, Kindle Energy CEO, said: “Kindle Energy is excited to bring Wolf Summit to West Virginia to serve ODEC and generate efficient and reliable power supply across the region. We look forward to our continued partnership with Blackstone, ODEC, GE Vernova and the local community as we progress construction."


Bilal Khan, a Senior Managing Director, and Mark Zhu, a Managing Director, at Blackstone, said: “Today marks an important milestone in delivering affordable, new and efficient power generation to help meet rising electricity demand. We’re pleased to partner with local stakeholders to further advance this project, supporting jobs in West Virginia while strengthening reliable power supply for the region.”


“The addition of Wolf Summit to our power supply portfolio is a key step in meeting the long-term energy and capacity needs of our members,” said Chris Cosby, President and CEO of ODEC. “Securing generation in the same transmission zone where we serve load is designed to protect our members from transmission constraints and associated congestion costs, energy price spikes and capacity cost risks—while reinforcing the reliability of our entire generation fleet.”


Brian Ray, CEO of GE Vernova Financial Services, said: “We are proud to partner with Kindle Energy and Blackstone on the development and financing of Wolf Summit, which will help deliver more efficient and reliable power to meet growing electricity demand in the region. The project also highlights the strength of GE Vernova’s 7HA.02 technology and our ability to support customers across financing and energy equipment solutions.”


“Providing reliable energy is our duty as Americans. With the PJM grid requiring massive new generation to prevent blackouts, West Virginia is stepping up to the plate," said Governor Morrisey. "Wolf Summit Energy is a 600-megawatt solution that ensures 1.5 million people have the 24/7 baseload power they need. The Mountain State will always stand as the ultimate defender of American energy security.”


About Blackstone Energy Transition Partners


Blackstone Energy Transition Partners is Blackstone’s strategy for control-oriented equity investments in energy-related businesses, with a successful long-term record, having committed over $27 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering more reliable, affordable and cleaner energy to meet the growing needs of the global community. In the process, we work to build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders. Further information is available at https://www.blackstone.com/our-businesses/blackstone-energy-transition-partners/.


About Blackstone


Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260422186042/en/
Media:

Blackstone

Jennifer Heath

Jennifer.Heath@Blackstone.com


Original: Kindle Energy Breaks Ground on Blackstone-Backed $1.2 Billion Natural Gas Power Generation Facility in West Virginia

In the world of global finance, few frameworks have commanded as much respect as Ray Dalio’s “All Weather” strategy.
https://mgdiogena.substack.com/p/the-all-weather-era-and-the-reality

Blackstone Digital Infrastructure Trust Announces Public Filing of Registration Statement with the SECApril 10, 2026 4:15 PM
Business Wire
Blackstone Digital Infrastructure Trust Inc., a newly organized company focused on acquiring and owning stabilized, newly-constructed data centers, announced today that it has publicly filed a registration statement on Form S-11 with the Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of its common stock. The offering is subject to market and other conditions, including effectiveness of such registration statement, and there can be no assurance as to whether or when the offering may be commenced or completed. The number of shares to be offered and the price range and other terms for the offering have not yet been determined.


If the offering is completed, Blackstone Digital Infrastructure Trust Inc. intends to list its stock on the New York Stock Exchange under the symbol “BXDC.”


Goldman Sachs & Co. LLC, Citigroup, Morgan Stanley, Barclays, BofA Securities, Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets and Wells Fargo Securities are acting as joint lead book-running managers. BNP PARIBAS, SMBC Nikko, Societe Generale, BBVA, Credit Agricole CIB, MUFG, Santander and TD Securities are acting as joint book-running managers, and Blackstone Capital Markets is acting as co-manager for the proposed offering.


The proposed offering will be made only by means of a prospectus. Once available, a copy of the preliminary prospectus relating to the proposed offering may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526, or by email at prospectus-ny@ny.email.gs.com; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146); and Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at prospectus@morganstanley.com.


A registration statement on Form S-11 related to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260410545418/en/
Investors:

Blackstone

+1 (888) 756-8443

BlackstoneShareholderRelations@Blackstone.com
Media:

Jeffrey Kauth

Jeffrey.Kauth@Blackstone.com


Original: Blackstone Digital Infrastructure Trust Announces Public Filing of Registration Statement with the SEC

Rowan Digital Infrastructure Announces Strategic RecapitalizationApril 9, 2026 4:30 PM
PR Newswire (US)

Blackstone acquired a significant minority stake in Rowan Digital Infrastructure, one of the fastest growing US hyperscale data center developersNEW YORK, April 9, 2026 /PRNewswire/ -- Quinbrook, a specialist investment manager focused on delivering the infrastructure needed for the energy transition, and Blackstone (NYSE: BX) announced that funds affiliated with Blackstone have acquired a significant minority stake in Rowan Digital Infrastructure ("Rowan"), a leading sustainable hyperscale data center developer.







Blackstone's investment builds on Rowan's recent growth and will help drive its future development pipeline and support ongoing capacity expansion for hyperscale customers across existing and new sites in the US."This investment positions Rowan to continue delivering sustainable data center capacity for the world's leading technology companies," said Charley Daitch, Chief Executive Officer of Rowan. "Blackstone's investment is a strong vote of confidence in our differentiated approach and our ability to execute complex projects at scale — particularly where power availability, accelerated timelines, and community alignment are critical to success."David Scaysbrook, Managing Partner of Quinbrook and Chairman of Rowan said, "We are delighted that Blackstone is investing in Rowan. As one of the world's leading investors in digital infrastructure and energy, they are ideally placed to help us continue Rowan's remarkable growth story. We're focused on developing power and infrastructure solutions that solve hyperscale operators' urgent need for more compute capacity at scale. We established Rowan as an early mover in gaining access to power, which is now driving global data center development. This power focus leverages Quinbrook's specialist expertise in power project development tailored to the needs of energy intensive customers."The transaction marks an important milestone in Rowan's rapid evolution and bolsters the company's capacity to finance its growth pipeline.Quinbrook was advised by Goldman Sachs, Evercore and Kirkland & Ellis LLP.Blackstone was advised by Simpson Thacher & Bartlett LLP.About Rowan Digital Infrastructure
Rowan Digital Infrastructure develops sustainable data center campuses for hyperscale customers, offering build-to-suit solutions that enable rapid and cost-effective scaling. Founded in November 2020, Rowan is backed by Quinbrook, a leading investor in the energy transition, and Blackstone, the world's largest private equity firm. Rowan is actively developing multiple 300 MW to 1+ GW campuses across the US to meet the next-generation capacity needs of hyperscale operators in a dynamic market. About Quinbrook
Quinbrook is a specialist investment manager focused exclusively on the infrastructure needed to drive the energy transition. Led and managed by a senior team of energy industry professionals, Quinbrook is an accomplished asset creator and business builder that conceives, develops, constructs and operates a diverse array of innovative infrastructure projects and growth platforms. Since its founding in 2015, Quinbrook has invested in over 40 GW of energy infrastructure assets and businesses representing a total transaction value exceeding USD 27 billion spanning large-scale renewable power generation, biofuels production, long duration storage, hyperscale data centre infrastructure, AI powered asset optimisation, grid support and flexibility solutions in North America, the UK/Ireland and Australia.About Blackstone
Blackstone is the world's largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone's $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. Media InquiriesRowan Digital Infrastructure
Nathaniel Brown, Director of Public Relations and Strategic Communications
Email: nbrown @j0hnny-5561Quinbrook
Renae McGregor, Head of Marketing and Communications
Email: rm@quinbrook.com
T: +44 7557 386 949Blackstone
Claire Keyte, Vice President, Public Affairs
Email: Claire.Keyte @HSoftail-8753










View original content to download multimedia:https://www.prnewswire.com/news-releases/rowan-digital-infrastructure-announces-strategic-recapitalization-302738729.htmlSOURCE Rowan Digital Infrastructure

Original: Rowan Digital Infrastructure Announces Strategic Recapitalization

Blackstone in Quicksand.

Blackstone Defaulted on Loan: Is the Stock in Trouble?

https://www.fool.com/investing/2023/04/05/blackstone-defaulted-on-loan-is-the-stock-in-troub/

Blackstone Closes Flagship Opportunistic Credit Fund at Over $10B, Hitting Hard CapApril 7, 2026 7:30 AM
Business Wire
Blackstone (NYSE: BX) today announced the final close of Blackstone Capital Opportunities Fund V (“COF V”), with over $10 billion of investable capital. The fund was oversubscribed and closed at its hard cap.


This fundraise builds on Blackstone Credit & Insurance’s (“BXCI”) 20-year track record investing through market cycles. Blackstone’s opportunistic credit strategy has generated a 13% net IRR since inception in 2007. Blackstone manages $520 billion of total assets across corporate and real estate credit.


Lou Salvatore, Co-Portfolio Manager of the Capital Opportunities Funds said: “COF V is Blackstone’s largest opportunistic credit fund raised to date, reflecting continued strong institutional demand for private credit. Amidst a noisy backdrop for the industry, we believe this fundraise demonstrates the strength of Blackstone’s capabilities in private credit, and we’re grateful for the support from both longstanding and new investors.”


Rob Petrini, Co-Portfolio Manager of the Capital Opportunities Funds, added: “COF V benefits from our robust sourcing engine and broad, flexible mandate, allowing us to invest across a wide range of industries, geographies, and capital structures. We believe that this is a very attractive environment to deploy flexible capital in private corporate credit as well as to provide opportunistic and structured solutions to companies in sectors with strong thematic tailwinds.”


About Blackstone Credit & Insurance

Blackstone Credit & Insurance is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260407804118/en/
David Vitek

David.Vitek@Blackstone.com

(212) 583-5291


Original: Blackstone Closes Flagship Opportunistic Credit Fund at Over $10B, Hitting Hard Cap

Blackstone Announces Top-Ranked Professional Golfer, Tommy Fleetwood, as Global Brand AmbassadorMarch 31, 2026 8:15 AM
Business Wire
Blackstone (NYSE: BX) today announced a new partnership with Tommy Fleetwood, world number four professional golfer. Tommy will serve as Blackstone’s first ever global brand ambassador, supporting the company’s multi-decade effort to bring its exceptional performance to private wealth investors.


“Tommy Fleetwood exemplifies the qualities that define our firm and resonate with our clients—disciplined performance, fierce determination, and high ethical standards. That mindset reflects how we try to operate every day. We’re genuinely excited to partner with someone who is committed to winning and doing it in the right way,” said Jon Gray, President and Chief Operating Officer of Blackstone.


Tommy Fleetwood: “I am extremely proud to represent Blackstone as its global ambassador on the world stage. Consistency, trust and striving to improve every day are just some of the values that I know we share and that make this partnership truly special. I am excited to join a powerhouse in global finance, that operates at the highest level and look forward to our story.”


Tommy has built a world-class career competing at the highest level on both the PGA TOUR and the DP World Tour (“DPWT”). A consistent fan favorite in the game’s biggest events, Tommy most recently won the 2025 Tour Championship and FedEx Cup. He also has eight wins on the DPWT including a season finale Race to Dubai win in 2017. He represented Team GB in the last two Olympics, won a silver medal in Paris 2024, and has played on the European Ryder Cup team four times, currently holding one of the highest win-rate averages for Team Europe.


About Blackstone


Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260331444265/en/
Emilie Stanton

Emilie.Stanton@Blackstone.com

(347)331-9196


Original: Blackstone Announces Top-Ranked Professional Golfer, Tommy Fleetwood, as Global Brand Ambassador

Blackstone Energy Transition Partners Announces Agreement to Acquire Majority Stake in Advanced Cooling TechnologiesMarch 11, 2026 9:07 AM
PR Newswire (US)

NEW YORK and LANCASTER, Pa., March 11, 2026 /PRNewswire/ -- Blackstone (NYSE: BX) and Advanced Cooling Technologies, Inc. ("ACT") announced today that funds managed by Blackstone Energy Transition Partners ("Blackstone") have entered into a definitive agreement to acquire a majority stake in ACT, a leading U.S. manufacturer of highly-engineered thermal management and energy efficiency solutions. ACT's executive team will remain in place and continue as significant shareholders in the business.







Founded in 2003 and headquartered in Pennsylvania, ACT designs and manufactures highly-engineered thermal management and energy efficiency solutions for advanced computing, high power density, and mission-critical applications. The company's innovative solutions include two-phase liquid cooling, heat pipes, phase change materials, cold plates, environmental control units, and composite thermal and structural systems. ACT has thrived not only on their product and technology portfolio, but their unique ability to provide premier engineering and responsiveness to their customers. Blackstone's investment is intended to help maintain this level of service, while adding capacity and capabilities to enhance the value provided to ACT's broad customer base.Mark Zhu, Managing Director at Blackstone, said: "We believe ACT is well positioned for accelerated growth given the increasing importance of thermal management amid rising power intensity and AI innovation. This includes the company's pioneering work helping meet the next generation of data center and high-performance chip cooling requirements. We are excited to partner with Jon and the entire ACT management team to support the company's continued technological leadership and expansion of their manufacturing capacity amidst record customer demand."David Foley, Global Head of Blackstone Energy Transition Partners, added: "Our investment strategy focuses on identifying businesses we believe are well positioned to benefit from long-term power demand growth and the need to manage power and energy more efficiently. We have a long track record of partnering with founder-led companies, and we look forward to supporting Jon and the ACT team with capital and other resources as they continue to build on the company's strong foundation in a rapidly growing market."Jon Zuo, CEO and Co-Founder of ACT, said: "Every one of us is excited about this new chapter of ACT. With the support of our Blackstone partners, we will continue driving our core values of Innovation, Teamwork, and Customer Care, with the goal of building ACT into the world's leading thermal management company."The transaction is expected to close in second quarter, subject to customary conditions.Houlihan Lokey served as exclusive financial advisor and Reed Smith served as legal counsel to ACT. Kirkland & Ellis served as legal advisor and UBS served as financial advisor to Blackstone.About ACTAdvanced Cooling Technologies, Inc. is a premier thermal management solutions company, providing design and manufacturing services to meet our customers' needs across all points of the product lifecycle. We serve our global customers' thermal management and energy recovery needs in diverse markets including Data Centers, Space, Defense, Energy, Electronics, HVAC, and Enclosure Cooling. We specialize in providing innovative and performance-optimized thermal management technologies and solutions that meet the unique needs of each customer.About Blackstone Energy Transition Partners
Blackstone Energy Transition Partners is Blackstone's strategy for control-oriented equity investments in energy-related businesses, with a successful long-term record, having committed over $27 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering more reliable, affordable and cleaner energy to meet the growing needs of the global community. In the process, we work to build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders. Further information is available at https://www.blackstone.com/our-businesses/blackstone-energy-transition-partners/.About BlackstoneBlackstone is the world's largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone's $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn,?X (Twitter), and?Instagram.Media ContactsACT
Megan Ulrich
Megan.Ulrich@1-ACT.comBlackstone
Hallie Dewey
Hallie.Dewey@Blackstone.comJennifer Heath
Jennifer.Heath@Blackstone.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/blackstone-energy-transition-partners-announces-agreement-to-acquire-majority-stake-in-advanced-cooling-technologies-302711030.htmlSOURCE Advanced Cooling Technologies, Inc.

Original: Blackstone Energy Transition Partners Announces Agreement to Acquire Majority Stake in Advanced Cooling Technologies

Medline Slips 4% as Private Equity Backers Launch 75M-Share SaleMarch 3, 2026 11:08 AM
IH Market News
Medline Industries Inc (NYSE:MDLN) shares fell 4.4% to $43.84 in premarket trading Tuesday after several major shareholders unveiled plans to sell a large block of stock in a secondary offering.The medical supply maker said 75 million shares will be offered by existing investors, including Blackstone Inc (NYSE:BX), Carlyle Group Inc (NASDAQ:CG), Hellman & Friedman, and the Abu Dhabi Investment Authority.Blackstone, Carlyle and Hellman & Friedman are each selling approximately 23.3 million shares, while the Abu Dhabi Investment Authority plans to divest about 5.1 million shares.Goldman Sachs, Morgan Stanley, BofA Securities and J.P. Morgan are acting as global coordinators and joint bookrunning managers for the transaction.According to the prospectus, Medline has roughly 1.31 billion shares outstanding. The Northfield, Illinois-based company debuted on the New York Stock Exchange in December in what marked the largest U.S. initial public offering of 2025.The secondary sale represents a partial exit for the private equity backers following the company’s high-profile return to public markets.Medline Industries stock price

Original: Medline Slips 4% as Private Equity Backers Launch 75M-Share Sale

Blackstone Energy Transition Partners Announces Completion of 694MW Magnolia Power Generating Station in LouisianaFebruary 26, 2026 12:30 PM
Business Wire
Expected to Generate Enough Electricity to Power 500,000 Homes in Louisiana, Project Construction Created Over 400 Local Construction Jobs


Blackstone (NYSE: BX) announced today that private equity funds managed by Blackstone Energy Transition Partners (“Blackstone”) have completed construction of the Magnolia Power Generating Station (“Magnolia Power”), a 694-megawatt greenfield combined cycle gas turbine (“CCGT”) power plant in Plaquemine, Louisiana. Today’s announcement marks the beginning of commercial operations at the plant.


Blackstone, through its North American power platform, Kindle Energy, started developing Magnolia Power in 2021, at a time when the digitization of data and AI were beginning to contribute to increasing power demand and cementing Kindle’s leading position in gas power development. Construction, which has been underway since 2022, created more than 400 local construction jobs. The facility is expected to produce enough electricity to power more than 500,000 homes per year in Louisiana and is the first hydrogen-capable, advanced-class generator plant in Midcontinent Independent System Operator (MISO) South.


Bilal Khan, Senior Managing Director at Blackstone, said: “Blackstone is proud to invest in new energy supply generation needed to fuel economic growth and support rising power demand in the region. We are excited to have backed this critical project, which has created hundreds of jobs and will help deliver more affordable, efficient and reliable electricity for Louisiana.”


Lee Davis, CEO of Kindle Energy, said: “This marks an important milestone for our company as we continue to build new, efficient power generation for our valued partners and customers in Louisiana, Colorado, and West Virginia. We look forward to our continued partnership with Blackstone to support rising energy needs in North America.”


“Magnolia Power Generating Station will help deliver affordable and reliable electricity to more than 500,000 homes while supporting hundreds of American jobs in Louisiana,” said U.S. Deputy Secretary of Energy James P. Danly. “Projects like this reflect President Trump’s leadership to unleash American energy and enable the infrastructure needed to power our nation and meet growing electricity demand.”


Blackstone is a leader in investing in power generation needed to meet rising energy demand. Blackstone Energy Transition Partners has also made recent investments in Wolf Summit Energy Center, a 600-megawatt greenfield combined-cycle gas turbine (“CCGT”) power generation facility in Harrison County, West Virginia, Hill Top Energy Center, a 620-MegaWatt natural gas power plant in Western Pennsylvania, and Potomac Energy Center, a 774-megawatt natural gas power plant in Loudoun County, Virginia, and has invested in approximately 2 GigaWatts of power generation capacity over the last year in the United States.


About Blackstone Energy Transition Partners

Blackstone Energy Transition Partners is Blackstone’s strategy for control-oriented equity investments in energy-related businesses, with a successful long-term record, having committed over $27 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering more reliable, affordable and cleaner energy to meet the growing needs of the global community. In the process, we work to build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders. Further information is available at https://www.blackstone.com/our-businesses/blackstone-energy-transition-partners/.


About Blackstone

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260225463871/en/
Media Contact



Blackstone

Jennifer Heath

Jennifer.Heath@Blackstone.com


Original: Blackstone Energy Transition Partners Announces Completion of 694MW Magnolia Power Generating Station in Louisiana

Private Credit Worries Mount; U.S. PCE and GDP Data in Focus – Market Movers: Dow Jones, S&P, Nasdaq, Wall Street FuturesFebruary 20, 2026 5:36 AM
IH Market News
U.S. equity futures moved modestly higher on Friday as investors prepared for key inflation and growth readings, while unease spread through private credit markets following a move by Blue Owl Capital (NYSE:OWL). Oil prices steadied amid ongoing geopolitical strains between Washington and Tehran.



Futures Edge Higher



By 03:09 ET, Dow futures were up 54 points, or 0.1%, S&P 500 futures had added 14 points, or 0.2%, and Nasdaq 100 futures advanced 57 points, or 0.2%.Wall Street’s main indices closed lower in the previous session, pressured by Middle East tensions and a string of earnings reports that analysts at Vital Knowledge characterized as “underwhelming.” Retail giant Walmart (NYSE:WMT) warned that general merchandise inflation had accelerated sharply amid broad U.S. tariffs and issued cautious guidance for the year ahead, weighing on its shares.Apple (NASDAQ:AAPL) also slipped, dragging the S&P 500 lower.On the policy front, Federal Reserve Governor Stephen Miran appeared less dovish on rates. His remarks followed minutes from the Fed’s January meeting showing some officials cautioning that interest rate hikes could still be on the table in coming months. According to Vital Knowledge, this fuels speculation that borrowing costs may be “heading further away” from President Donald Trump’s preference for swift and aggressive cuts, potentially setting the stage for tensions between the White House and the central bank.



Private Credit Sector Under Scrutiny



Attention on Thursday centered on private credit after Blue Owl Capital announced changes to its investor redemption policy. Instead of allowing investors to withdraw a predetermined amount each quarter, the firm said it would decide how much capital to return on a quarterly basis.The announcement sent Blue Owl shares lower, along with other major players such as Ares (NASDAQ:ARCC) and Blackstone (NYSE:BX). The reaction underscored concerns that vulnerabilities may be emerging within the opaque private credit industry, which has extended trillions of dollars in loans to businesses in recent years.Market participants are also increasingly focused on lenders’ exposure to software companies, a segment facing pressure as investors weigh the disruptive impact of new artificial intelligence models.In a post on social media, former PIMCO chief Mohamed El-Erian questioned whether the shift in Blue Owl’s redemption terms could mark a “canary-in-the-coalmine” moment reminiscent of early warning signs before the global financial crisis.“There’s plenty to think about here, starting with the risks of an investing phenomenon in advanced (not developing) markets that has gone too far overall (short answer: yes), to the approaches being taken by specific firms (lots of differences, yet subject to the “market for lemons” risk),” El-Erian wrote.



Oil Prices Steady



Crude prices stabilized and remained on track for their first weekly gain in three weeks as tensions between the U.S. and Iran heightened supply concerns.Brent crude was last trading broadly unchanged at $71.66 per barrel, while U.S. West Texas Intermediate slipped 0.1% to $66.35. Both benchmarks hovered near their highest levels since early August and were poised to post weekly gains exceeding 6%.Tensions escalated after Trump warned on Thursday that “really bad things” would happen if Iran failed to reach an agreement on its nuclear program within 10 to 15 days, raising the possibility of military action.Any escalation involving Iran — a key OPEC producer — could disrupt shipments through the Strait of Hormuz, a strategic chokepoint for around 20% of global oil flows.



Inflation Data in Spotlight



Friday’s economic calendar is headlined by the release of the personal consumption expenditures (PCE) price index.The core PCE measure, closely monitored by the Federal Reserve, is expected to rise 0.3% month on month in December, compared with 0.2% in November. On an annual basis, it is projected at 3.0%, up from 2.8%, according to estimates from the Bureau of Economic Analysis.Recent data showed that headline consumer price inflation increased more slowly than expected in January, bolstering hopes that the Fed could begin cutting rates as early as June. However, a stronger-than-anticipated labor market report earlier in the week had tempered those expectations, suggesting the central bank — which reduced rates several times in 2025 — may delay further easing until later in the year.



GDP Growth Expected to Slow



Investors are also awaiting an advance estimate of U.S. fourth-quarter GDP, which is expected to show a moderation in growth.Economists forecast that the economy expanded at an annualized rate of 2.8% in the October–December period, down from 4.4% in the third quarter.In the previous quarter, consumer spending remained a primary driver of growth, while a narrowing trade deficit — partly linked to President Trump’s broad tariff policies — also supported activity.Despite the overall resilience, some analysts argue that the recovery has taken on a “K” shape. Higher-income households and large corporations have powered much of the expansion, while lower-income Americans continue to contend with elevated prices and subdued hiring conditions. Smaller businesses, meanwhile, face rising import costs and tighter labor supply amid ongoing immigration restrictions.Blue Owl Capital stock priceWalmart stock priceApple stock priceAres Capital Corporation stock priceBlackstone stock price

Original: Private Credit Worries Mount; U.S. PCE and GDP Data in Focus – Market Movers: Dow Jones, S&P, Nasdaq, Wall Street Futures

Blackstone to Present at the Bank of America Securities Financial Services Conference 2026January 30, 2026 8:25 AM
Business Wire
Blackstone (NYSE:BX) announced today that Michael Chae, Vice Chairman and Chief Financial Officer, is scheduled to present at the Bank of America Securities 2026 Financial Services Conference on Tuesday, February 10, 2026 at 9:40am ET.


A live webcast of the presentation will be available on the Shareholders section of Blackstone’s website at http://ir.blackstone.com/. For those unable to listen to the live webcast, a replay will be available on Blackstone’s website shortly after the event.


About Blackstone

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260130761747/en/
Blackstone Shareholder Relations

BlackstoneShareholderRelations@blackstone.com


Original: Blackstone to Present at the Bank of America Securities Financial Services Conference 2026

https://x.com/FightWithMemes/status/1925310382178201963/photo/1 $BX "TikTok’s U.S. operations. Among the latest to join the bidding war are Blackstone:"

Exactly, Many institutions are in a world of shit and are either insolvent or going to be insolvent.

Their assets are currently being seized for unlawful banking practices.

Real estate markets getting worse and worse. Not investable until bottom in.

Texas' Housing Market Tumbles
Published Mar 13, 2024 at 12:16 PM EDT
Updated Mar 15, 2024 at 7:00 AM EDT

00:53
By Giulia Carbonaro
US News Reporter
FOLLOW
6
Home sales in Texas fell to the lowest level in seven years…

Blackstone Defaulted on Loan: Is the Stock in Trouble?

https://www.fool.com/investing/2023/04/05/blackstone-defaulted-on-loan-is-the-stock-in-troub/

Child-Labor Scandal Hits Blackstone-Backed Slaughterhouse Cleaner

https://www.bloomberg.com/news/articles/2023-04-28/slaughterhouse-scandal-sends-blackstone-firm-s-debt-tumbling-44?leadSource=uverify%20wall

Why? Got in this one below $40 and bought it up to $60. Avg cost around $48. I’d like to run w/BX as long as possible.

What’s the malfunction?

BX in some serious trouble. It’s coming.

Blackstone in Talks to Sell India REIT Stake to Bain, Reuters Reports
January 24 2023 - 06:50AM
Dow Jones News

--Blackstone Inc. is in talks to sell roughly half of its stake in Embassy Office Parks REIT, India's largest real-estate investment trust, to private-equity firm Bain Capital, Reuters reports, citing sources.[ Was Bain Capital started by Utah Senator Mitt Romney?]

--The deal is worth up to $480 million at current prices, according to the report.

--Blackstone, which currently owns 24% of Embassy, is planning to sell a 10% to 12% stake, Reuters reports, adding that a Blackstone representative declined to comment, while Bain and Embassy didn't respond to requests for comment.


Full story: https://www.reuters.com/markets/deals/blackstone-talks-with-bain-sell-480-mln-stake-top-indian-reit-sources-2023-01-24/


Write to Colin Kellaher at colin.kellaher@wsj.com

2/10: scanner caught 1200+ 2/18 $140 called being bought and held.

$BX

Love BX.
Add on every dip, sleep like a baby in silk

FOLD’EM 150 calls 2023
110 calls now lol 2023

Lol I never thought I would be adding 150 2023 calls guess the long game way to go
Miss my shares under 15 my only holding now BX = BRK-A 135k each In 20 years ?lol
MKL same ? Miss my 200.00 shares wtf
Too bad I didn’t keep my free PJT shares at 24.00 live and learn. Next year I got a decade under the belt.

Blackstone Tactical Opportunities to Acquire the Certified Collectibles Group, a Leading Provider of Tech-Enabled Authenticat...
July 01 2021 - 10:00AM
Business Wire

Blackstone (NYSE:BX) announced today that funds managed by its Tactical Opportunities business (“Blackstone”) have agreed to acquire a majority stake in the Certified Collectibles Group (“CCG”) in a transaction valuing the company at more than $500 million. Mark Salzberg, CCG’s founder, and Steven R. Eichenbaum, CCG’s CEO, will retain a significant minority stake. Additional investors in today’s transaction include Roc Nation; Michael Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth equity platform; Mastry, founded by Rudy Cline-Thomas; Andre Iguodala; Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; and Main Street Advisors, a leading investment advisory firm to prominent athletes, recording artists, and other leaders across entertainment and business.

CCG is a leading, global provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. Founded in 1987, CCG offers authentication, grading and conservation services that have unlocked billions of dollars in secondary market value. Today, CCG sits at the forefront of the fast-growing global collectibles industry with offices on three continents, robust digital offerings and comprehensive certification services for collectibles.

Blackstone will seek to accelerate CCG’s growth, enabling the company to invest significantly in its current and planned services, adding and training new employees, expanding its geographic and product reach, acquiring new technologies and developing its digital presence. Blackstone is one of the world’s leading investment firms with nearly $650 billion in assets under management and a strong track record of creating value and a positive impact for the companies it acquires and the communities that they serve.

C. C. Melvin Ike, Principal at Blackstone, said: “As thematic investors, we look for exceptional entrepreneurial teams succeeding in growing markets, and CCG is a great example. We have been closely following the rise of the global physical and digital collectibles industry for several years and we were drawn to CCG because of their leadership role in the categories that they serve, and Blackstone’s ability to grow the platform through both organic and inorganic initiatives. We look forward to working together to help the company continue and even accelerate its impressive growth trajectory.”

CCG’s leadership team will remain in place, combining their experience and expertise with Blackstone’s extensive resources. Over the last 35 years, CCG has expanded from collectible coins to comic books, banknotes, magazines, concert posters, stamps, trading cards, sports cards and estate items. CCG has certified more than 62 million of these collectibles, with a combined fair market value approaching $50 billion.

Mark Salzberg, Founder of CCG, said: “When I established CCG, I had a vision that we would transform collectibles into an asset class that is trusted by collectors, dealers and investors around the world. It has been incredible to be a part of this journey as we achieved and then exceeded these goals. I am excited to join with Blackstone as we enter the next phase of growth for CCG and the collectibles market.”

“We are thrilled to be partnering with Blackstone during this key point in the industry as the collectibles market continues to accelerate and attract new collectors and investors,” added Steven R. Eichenbaum, CEO at CCG. “From the moment we met the Blackstone team, we could tell that we shared the same vision for the future of our company and the global collectibles industry.”

Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. Duane Morris acted as legal advisor to CCG. Weil, Gotshal & Manges acted as lead legal advisor to Blackstone. Golub Capital led the financing for the transaction.

About Blackstone

Blackstone is one of the world’s leading investment firms and seeks to create positive economic impact and long-term value for investors, the companies they invest in, and the communities in which they work. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. Blackstone’s $649 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets, and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

About Blackstone Tactical Opportunities

Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities.

About Certified Collectibles Group® (CCG®)

CCG is a leading provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. The CCG companies include Numismatic Guaranty Corporation® (NGC®), Numismatic Conservation Services™ (NCS®), Paper Money Guaranty® (PMG®), Certified Guaranty Company® (CGC®), Classic Collectible Services® (CCS®), Certified Sports Guaranty™ (CSG™), Authenticated Stamp Guaranty® (ASG®) and Collectibles Authentication Guaranty® (CAG®). Since 1987, the CCG companies have certified more than 60 million coins, banknotes, comic books, trading cards, sports cards, stamps, estate items and related collectibles. Today, CCG serves the world of collectibles online and at its offices in Sarasota, Florida; London, England; Munich, Germany; and Shanghai and Hong Kong, China. To learn more, visit collectiblesgroup.com.

© 2021 Certified Collectibles Group. All rights reserved.

NGC, NCS, PMG, CGC, CCS, CSG, ASG, CAG and CCG are the registered trademarks or unregistered trademarks of Numismatic Guaranty Corporation of America, and/or its related companies in the United States and/or other countries. All other names and marks referenced in this release are the trade names, trademarks, or service marks of their respective owners.



View source version on businesswire.com: https://www.businesswire.com/news/home/20210701005601/en/

For Blackstone
Matt Anderson
518-248-7310
Matthew.Anderson@Blackstone.com

For CCG
Janell Armstrong, Marketing Coordinator
941.360.3990 ext. 236
jarmstrong@collectiblesgroup.com

https://ih.advfn.com/stock-market/NYSE/blackstone-BX/stock-news/85496299/blackstone-tactical-opportunities-to-acquire-the-c

Exeter Finance Announces Investment from Warburg Pincus-Led Investor Group
June 28 2021 - 08:00AM
PR Newswire (US)

IRVING, Texas, June 28, 2021 /PRNewswire/ -- Exeter Finance LLC, a leading indirect auto finance company, announced today that it has entered into a definitive agreement to be acquired by an investor group led by Warburg Pincus from funds managed by Blackstone (NYSE:BX). Terms of the private transaction were not disclosed.

Exeter is a rapidly growing tech-enabled indirect auto lender, with a managed loan portfolio of more than $7 billion. The company underwrites, purchases, services and securitizes retail installment contracts from more than 11,000 auto dealers and 475,000 customers nationwide. Exeter has leveraged its extensive automobile finance industry knowledge to deliver leading-edge technology and financial solutions to more than one million customers.

"We are thrilled to partner with the Warburg Pincus-led investor group as we enter this next phase of growth for Exeter. We have made tremendous progress under Blackstone's ownership establishing Exeter as an industry leader, and I'm proud of the team's solid execution," said Jason Grubb, Exeter's Chief Executive Officer.

Warburg Pincus is a long-time, active investor in the auto industry across a variety of verticals including auto lenders, rental car providers, e-commerce distribution, and software platforms. Notable investments in the auto value chain include: Santander Consumer USA (SCUSA), China Auto Rental, Au Financiers, Uxin, defi SOLUTIONS, Cango, and Car Trade.

"Exeter Finance is a pioneer in offering innovative financial solutions at scale across the credit spectrum. We have over a decade-long close and successful working relationship with this best-in-class management team and are looking forward to partnering with them again in Exeter Finance," said Dan Zilberman, Managing Director and Head of Special Situations, Warburg Pincus. "We are excited to partner with Jason and the Exeter Finance team to further build on the company's leading market position and accelerate future growth," added Eric Friedman, Managing Director, Warburg Pincus.

The transaction is expected to close by the end of 2021 and is subject to customary closing conditions. Jason Grubb will remain as CEO and a meaningful investor in the company, alongside the current Exeter management team.

Citi served as the lead financial advisor for Exeter Finance and Blackstone, along with Barclays, Deutsche Bank and Wells Fargo. Skadden, Arps, Slate, Meagher & Flom LLP served as legal advisor to Exeter Finance and Blackstone. J.P. Morgan served as financial advisor and Wachtell, Lipton, Rosen & Katz served as legal advisor to the acquirers.

About Exeter Finance

Exeter Finance LLC is an indirect auto finance company headquartered in Irving, Texas. Founded in 2006, the company underwrites, purchases, services, and securitizes retail installment contracts from U.S. automobile dealers. Exeter works with more than 11,000 dealers and 475,000 customers nationwide providing indirect financing for both new and used vehicles. The company has a serviced finance portfolio of more than $7 billion. For more information, visit www.exeterfinance.com.

About Warburg Pincus

Warburg Pincus LLC is a leading global growth investor. The firm has more than $60 billion in private equity assets under management. The firm's active portfolio of more than 200 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $90 billion in over 930 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information please visit www.warburgpincus.com.

Contacts

Exeter Finance
John Hoffmann
469-754-4443
John.Hoffmann@ExeterFinance.com

Warburg Pincus
Sarah McGrath Bloom, Warburg Pincus
212-878-6378
sarah.bloom@warburgpincus.com

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SOURCE Exeter Finance


Copyright 2021 PR Newswire

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Blackstone Invests in Ad Tech's Simpli.fi, Valuing It at $1.5 Billion
June 28 2021 - 08:00AM
Dow Jones News
By Matt Grossman


Blackstone Group Inc. is making a private-equity investment in Simpli.fi, valuing the advertising-technology company at $1.5 billion, Blackstone said Monday.

Simpli.fi provides software for media buyers to manage operations and execute digital ad campaigns. Blackstone and GTCR, another private-equity investor that invested in Simpli.fi in 2017, will be the company's majority shareholders.

Blackstone executive Sachin Bavishi said that the investment accords with Blackstone's conviction around digital advertising. The investment will help accelerate Simpli.fi's growth, he said.

Blackstone and GTCR will have equal representation on the board of Fort Worth, Texas-based Simpli.fi, which is led by co-founders Frost Prioleau and Paul Harrison.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

June 28, 2021 08:00 ET (12:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

https://ih.advfn.com/stock-market/NYSE/blackstone-BX/stock-news/85457183/blackstone-invests-in-ad-techs-simpli-fi-valuing

Blackstone Real Estate Income Trust to Acquire Home Partners of America
June 22 2021 - 08:00AM
Business Wire

Blackstone Real Estate Income Trust, Inc. (“BREIT”) announced today that it has entered into a definitive agreement to acquire Home Partners of America (“HPA”), valuing the company at $6.0 billion. HPA’s unique, resident-led business model expands housing access and choice, while providing a clear path to homeownership to individuals and families across the United States. BREIT’s investment in HPA will be supported by its perpetual capital, enabling a truly long-term approach to the management of the properties. Furthermore, Blackstone’s substantial experience with rental residential properties and commitment to acting responsibly to support residents will bring valuable perspective and best-in-class operating standards to the ownership and maintenance of these homes.

HPA has a high-quality portfolio of over 17,000 homes across the United States. Its strong and experienced management team is committed to responsible ownership and seeks to provide potential residents flexibility, choice and control when deciding where and how to live. By purchasing homes on behalf of residents, HPA has helped thousands of home seekers live in a home they otherwise are not yet ready to purchase, under terms that best fit their needs. Furthermore, HPA’s program is built on transparency and can provide more optionality while lowering risk for residents as compared to a typical home purchase.

BREIT will support the HPA management team as it explores opportunities to expand access to high-quality housing for lower income households, including by formally launching its Choice Lease® program. Choice Lease is intended to provide a direct and tangible opportunity to help address housing affordability challenges for families across the U.S. Additionally, BREIT is committed to continuing and expanding the financial planning assistance program offered to all residents, free of charge.

Jacob Werner, Blackstone Real Estate Senior Managing Director, said, “The fundamental premise of the HPA platform is to provide residents with the opportunity to live in their chosen home with the option to purchase it—we intend to build on that goal and expand access to homes across the U.S. We look forward to working with HPA’s leadership team to further invest in the properties and continue its role as a valuable resource for people considering home purchases.”

Bill Young, Co-Founder and CEO of HPA, said, “This partnership with Blackstone Real Estate and its consistent support of our business will ensure we are well-positioned to expand the reach of our program to provide access to more homes while also delivering on our commitments to our current residents for the long-term. Our goal has always been to make homeownership a reality for more people, and now we can continue that mission, while providing even more flexibility and services for our residents.”

The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions and approvals.

Goldman Sachs & Co. LLC acted as financial advisor and Sidley Austin LLP and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal counsel to HPA. BofA Securities and Wells Fargo Securities acted as financial advisors to BREIT and Simpson Thatcher & Bartlett LLP acted as its legal counsel.

About Blackstone Real Estate Income Trust

Blackstone Real Estate Income Trust, Inc. (BREIT) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. BREIT invests primarily in stabilized, income-generating U.S. commercial real estate across key property types and to a lesser extent in real estate debt investments. BREIT is externally managed by a subsidiary of Blackstone (NYSE: BX), a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has approximately $196 billion in investor capital under management. Further information is available at www.breit.com.

About Home Partners of America

Chicago-based Home Partners of America, Inc. purchases, owns and operates high-quality single-family rental homes, dedicated to making living in a single-family home accessible for more people. Through their innovative Lease Purchase Program, Home Partners has provided access to single family housing for thousands of households all across the country. Home Partners is a dynamic leader in today's single-family housing market helping home seekers, sellers, and agents meet their various housing needs. Further information is available at https://www.homepartners.com/.



View source version on businesswire.com: https://www.businesswire.com/news/home/20210622005666/en/

Blackstone
Jeffrey Kauth
jeffrey.kauth@blackstone.com
+1 212-583-5395

HPA
Madeline Sweeney
madeline@sccadv.com
+1 630-706-1068

https://ih.advfn.com/stock-market/NYSE/blackstone-BX/stock-news/85415698/blackstone-real-estate-income-trust-to-acquire-hom

Blackstone Life Sciences, Cellex Cell Professionals, and Intellia Therapeutics Launch New CAR T-Cell Company
June 22 2021 - 07:00AM
Business Wire

Focus will be on Development of Allogeneic Universal CAR T-Cell Therapies for Immuno-oncology and Autoimmune Diseases

- Blackstone Life Sciences Commits to an Active Role and a $250 Million Financing as Sole Founding Investor

- Cellex to Contribute Switchable Universal CAR-T Technology Developed by GEMoaB GmbH and Manufacturing Expertise

- Intellia Contributes Best-in-Class CRISPR/Cas9 Genome Editing Technology that Creates an Allogeneic Universal CAR-T Platform

- Intellia to Host Conference Call Today, June 22 at 8:00 a.m. ET

Blackstone (NYSE: BX) announced today that funds managed by Blackstone Life Sciences have committed $250 million towards the launch of a new autologous and allogeneic universal chimeric antigen receptor (CAR) T-cell therapy company, along with Intellia Therapeutics, Inc. (NASDAQ: NTLA) and Cellex Cell Professionals GmbH (“Cellex”), the parent company of GEMoaB GmbH (“GEMoaB”), a clinical-stage cell therapy company. The new company will combine GEMoaB’s world-leading clinical-stage universal CAR-T platforms with Intellia’s differentiated allogeneic cell platform and CRISPR cell engineering.

Intellia Therapeutics is a clinical stage, leading genome editing company focused on developing curative therapeutics using CRISPR/Cas9 technology. Cellex Cell Professionals GmbH holds the clinical-stage biopharmaceutical company GEMoaB, which is focused on the development of next-generation immunotherapies and cell therapies for hard-to-treat cancers.

The new company will be headquartered in Cambridge, Massachusetts and will acquire Cellex’s subsidiary GEMoaB GmbH with established offices and labs in Dresden, Germany. GEMoaB is developing a switchable universal platform to improve the therapeutic window of CAR T-cell therapies. This approach enables increased efficacy and safety across a range of cancers, including solid tumors, that are currently a challenge for existing cell therapies. In addition, the new company and Intellia will gain access to Cellex’s established cell therapy manufacturing capabilities to accelerate their respective ex vivo programs.

Andrew Schiermeier, Ph.D., current Executive Vice President and Chief Operating Officer of Intellia, will lead the launch as President and Chief Executive Officer.

“This launch represents the first of many steps to addressing the various limitations that currently exist in the cell therapy space, and I am both humbled and excited to be leading the creation of this company with a team of extremely talented individuals,” said Schiermeier. “Bringing together GEMoaB’s universal CAR-T platform with Intellia’s differentiated allogeneic T cell platform and CRISPR-based cell engineering provides a unique opportunity to move cell therapy technology to new heights. Our focus is on providing significantly safer and more efficacious treatments to patients who are suffering from hard-to-treat cancers and autoimmune diseases.”

“We can now build on our established and ongoing collaboration with Intellia,” said Dr. Armin Ehninger, GEMoaB’s Chief Scientific Officer. “With Blackstone’s contribution of funds and expertise, we will be able to combine our switchable CAR-T platform which has broad potential applicability and has already shown early signs of efficacy and a favorable side effect profile in an ongoing Phase Ia trial, with Intellia’s leading genome editing technology,” added Gerhard Ehninger, M.D., founder of Cellex and GEMoaB. “This will allow us to potentially replace the living drug, currently manufactured from the patient’s own immune cells, by cells from healthy donors. Our goal is for these cells to be immediately available to patients. This is a good day for patients.”

“Collaborations like this one are a key instrument for Intellia to strengthen investment in areas of strategic importance to us, enabling us to more quickly realize the full scope and potential of our genome-editing technology for patients in need of more effective therapies. With today’s announcement, we can drive the expansion of our pipeline into new areas, accelerating clinical validation of what we believe to be a platform for universal, allogeneic CAR-T cell therapies. Further, we can fortify our allogeneic cell engineering capabilities for wholly owned programs through a preferred relationship with Cellex,” said Intellia President and Chief Executive Officer, John Leonard, M.D.

“We believe that this exciting effort has the potential to leapfrog current CAR-T technologies and improve the standard of care for a broad range of patients,” said Dr. Nicholas Galakatos, Global Head of Blackstone Life Sciences. “As the sole founding investor, Blackstone will be actively involved in building this platform, leveraging our deep expertise in oncology and our scale capital. Our partnership with Intellia and Cellex is customized to address the new company’s needs and set it up for success from day one, and while it is an earlier-stage, growth investment for us, it demonstrates the versatility of our investment platform and commitment to advance potentially transformational technologies to benefit patients.”

Business transformation and responsibilities

Key components of the new company upon formation include the following highlights:

The new company will have an exclusive license to combine Intellia’s CRISPR/Cas9 allogeneic platform with GEMoaB’s switchable, universal CAR T-cell platforms (UniCAR and RevCAR).

GEMoaB will become a subsidiary of the newly established company and will continue to advance its clinical stage CAR T-cell programs.
The new company and Intellia will also simultaneously enter into a co-development and co-funding (Co-Co) agreement to develop an allogeneic universal CAR T-cell product for an immuno-oncology indication. Intellia will have one additional option to enter into a second Co-Co agreement from selected allogeneic universal CAR T-cell therapy products that the parties will develop under the collaboration.
Blackstone Life Sciences, Intellia and Cellex (and certain related entities) will each have equal ownership of the new company.
Experienced management to drive growth and scientific advancement

Dr. Schiermeier has spent more than two decades as an executive in the biotech and pharmaceutical industries, with experience ranging from managing the growth and operations for startups to directing the strategic and operational expansion of global brands for large pharma companies. At Intellia, he was responsible for working with the board of directors and executive committee in establishing and overseeing the implementation of Intellia’s strategic direction in both in vivo and ex vivo (engineered cell therapy) areas. He also oversaw the company’s portfolio management, drug development, manufacturing, and business development efforts. Prior to Intellia, he served as SVP and Global Head of Merck KGaA’s Oncology Business, a global operation with revenues in excess of $1 billion across 66 countries.

The new company includes a seasoned management team, including Chief Medical Officer Professor Gerhard Ehninger, a founding shareholder of GEMoaB who served as its Chief Medical Officer. Prof. Ehninger is also a founding shareholder and Chief Executive Officer of GEMoaB’s parent company Cellex. Prof. Ehninger was the Head of Hematology and Oncology at University Hospital Carl Gustav Carus of the Technical University Dresden, Germany, as well as the former President of the German Society of Hematology and Oncology (DGHO). As one of the world’s leading researchers in the areas of acute leukemias and solid tumors, Prof. Ehninger has published more than 700 scientific articles in peer-reviewed journals and was principal investigator for multiple pivotal studies in hematology and oncology. The new company has also appointed Dr. Armin Ehninger as its Chief Scientific Officer. Dr. Ehninger has served as Chief Scientific Officer of GEMoaB since 2014. He has more than 15 years of research and drug discovery experience in oncology and hematology, stem cell biology as well as cancer immunotherapy. Dr. Ehninger’s expertise and leadership were decisive in establishing GEMoaB’s Research & Development and pre-clinical capabilities. At GEMoaB, he was responsible for pre-clinical Research and Development, the translational programs for clinical studies as well as for Quality Systems and Quality Management.

The new company’s Board of Directors will be chaired by Dr. Olivier Brandicourt, a Senior Advisor to Blackstone Life Sciences and the former CEO of Sanofi S.A.

The transaction is expected to close in the third quarter of 2021 and is subject to customary closing conditions, including regulatory clearances.

Goldman Sachs & Co. LLC served as exclusive financial advisor to Intellia and Goodwin Procter and Hogan Lovells (Germany) acted as Intellia’s legal advisors. Ropes & Gray and Freshfields (Germany) acted as legal advisors to Blackstone Life Sciences. Noerr and Morgan Lewis acted as legal advisors to Cellex and GEMoaB.

Intellia Therapeutics Webcast Information

Intellia management will host a live webcast today, June 22, 2021 at 8:00 a.m. E.T. to discuss the corporate development. To join the webcast, please visit this link, or the Events and Presentations page of the Investors & Media section of the company’s website at www.intelliatx.com. A replay of the webcast will be available on Intellia’s website for at least 30 days following the call.

About Blackstone Life Sciences

Blackstone Life Sciences is an industry-leading private investment platform with capabilities to invest across the life cycle of companies and products within the key life science sectors. By combining scale investments and hands-on operational leadership, Blackstone Life Sciences helps bring to market promising new medicines that improve patients’ lives. More information is provided at https://www.blackstone.com/our-businesses/life-sciences/.

About Intellia Therapeutics

Intellia Therapeutics is a leading clinical-stage genome editing company, focused on the development of proprietary, potentially curative therapeutics using the CRISPR/Cas9 system. Intellia believes the CRISPR/Cas9 technology has the potential to transform medicine by both producing therapeutics that permanently edit and/or correct disease-associated genes in the human body with a single administration, and creating enhanced engineered cells that can treat oncological and immunological diseases. Intellia’s combination of deep scientific, technical and clinical development experience, along with its leading intellectual property portfolio, puts it in a unique position to unlock broad therapeutic applications of the CRISPR/Cas9 technology and create new classes of therapeutic products. Learn more about Intellia and CRISPR/Cas9 at intelliatx.com. Follow us on Twitter @intelliatweets.

About GEMoaB

GEMoaB is a privately owned, clinical-stage biopharmaceutical company.

GEMoaB is developing switchable universal CAR-T platforms (UniCAR and RevCAR) to improve the therapeutic window and increase efficacy and safety of CAR-T cell therapies in challenging cancers, including acute leukemias and solid tumors. Conventional CAR-T cells depend on the presence and direct binding of cancer antigens for activation and proliferation. An inherent key feature of the GEMoaB platforms is a switchable on/off mechanism enabled by pharmacokinetic half-life and internalization of soluble adaptors termed targeting modules (TMs). These TMs provide the antigen-specificity to activate UniCAR or RevCAR gene-modified T-cells (UniCAR-T or RevCAR-T) and consist of a highly flexible antigen-binding moiety, linked to a motif recognized by UniCAR-T or RevCAR-T respectively.

GEMoaB has a broad pipeline of product candidates in pre-clinical and clinical development for the treatment of hematological malignancies as well as solid tumors. Its clinical stage assets GEM333, a T-cell engaging bispecific antibody (TCE) with binding specificity to CD33 in relapsed/refractory AML, and GEM3PSCA, a TCE with binding specificity to PSCA for the treatment of castrate-resistant metastatic prostate cancer and other PSCA expressing late-stage solid tumors, are currently investigated in Phase I studies and globally partnered with Bristol-Myers Squibb. Phase I studies of the lead UniCAR assets UniCAR-T-CD123 in hematological malignancies and UniCAR-T-PSMA in solid tumors are currently recruiting patients. Clinical proof-of-concept data were recently published in Blood and at key scientific meetings including the 3rd EHA-EBMT European CAR T-Cell Meeting and the 2021 AACR Annual Meeting. More information can be found at www.gemoab.com.

About Cellex Cell Professionals

Cellex Cell Professionals is a world leader in manufacturing hematopoietic blood stem cell products and a leading European manufacturer for CAR-T cell products, co-operating in that area with several large pharma and biotech companies. Their large, experienced collection centers and fully automated, audited and inspected GMP facility for UniCAR production support the worldwide distribution of cell products, including same-day delivery in the U.S. and Europe.

More information is provided at www.cellex.me.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, express or implied statements regarding Intellia’s beliefs and expectations regarding: its strategy, business plans and focus; its ability to quickly and efficiently realize the scope and potential of its genome-editing technology; its ability to maintain, expand and maximize its intellectual property portfolio and pipeline as well as accelerate clinical validation for its platform; the therapeutic value and development potential of CRISPR/Cas9 gene editing technologies and therapies; its ability to combine its allogeneic T cell platform and CRISPR-based cell engineering with GEMoaB’s universal CAR-T platform; the expected strategic benefits of the formation of the new company and resulting collaborations; its expectations on the new company’s ability to develop CAR-T Cell therapies for immuno-oncology and autoimmune diseases and the timing and potential success of such therapies; its ability to optimize the impact of its collaborations on its development programs, including but not limited to its collaboration with Blackstone Life Sciences, Cellex, or the new company; its and the new company’s ability to enter into a license and collaboration agreement and co-development and co-promotion agreement; the new company’s use of capital, expenses, future accumulated deficit, future results, and ability to fund operations at least through the next 24 months.

Any forward-looking statements in this press release are based on management's current expectations and beliefs of future events, and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation, risks related to Intellia’s ability to protect and maintain its intellectual property position; risks related to Intellia’s relationship with third parties, including its licensors and licensees; risks related to the ability of Intellia’s licensors to protect and maintain their intellectual property position; uncertainties related to the authorization, initiation and conduct of studies and other development requirements for the new company’s product candidates; the risk that any one or more of the new company’s product candidates will not be successfully developed and commercialized; the risk that the results of preclinical studies or clinical studies will not be predictive of future results in connection with future studies; and the risk that Intellia’s collaborations with Blackstone Life Sciences, Cellex, or the new company or its other collaborations will not continue or will not be successful. These and other risks and uncertainties are described in greater detail in the section entitled “Risk Factors” in Intellia’s most recent annual report on Form 10-K and quarterly report on Form 10-Q filed with the SEC, as well as discussions of potential risks, uncertainties, and other important factors in Intellia’s other filings with the Securities and Exchange Commission. Any forward-looking statements contained in this press release represent Intellia’s views only as of the date hereof and should not be relied upon as representing its views as of any subsequent date. Intellia explicitly disclaims any obligation to update any forward-looking statements, except as required by law.



View source version on businesswire.com: https://www.businesswire.com/news/home/20210622005618/en/

BLACKSTONE LIFE SCIENCES
Paula Chirhart
+1-347-463-5453
paula.chirhart@blackstone.com

GEMOAB and Cellex
Marika Geissler
+49-351-4466-45011
m.geissler@gemoab.com

INTELLIA:

Investor Relations:
Lina Li
Director
Investor Relations
+1-857-706-1612
lina.li@intelliatx.com

Media:
Julie Ferguson
(Interim) Head of External Affairs & Communications
+1-312-385-0098
julie.ferguson@intelliatx.com
media@intelliatx.com

https://ih.advfn.com/stock-market/NYSE/blackstone-BX/stock-news/85414909/blackstone-life-sciences-cellex-cell-professional

Blackstone to Acquire International Data Group, a Leading Market Intelligence and Data Platform for the Technology Industry
June 03 2021 - 08:30AM
Business Wire

Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone (“Blackstone”) have entered into a definitive agreement to acquire International Data Group, Inc. (“IDG”) from Oriental Rainbow, LLC, a subsidiary of China Oceanwide Holdings Group, Co. Ltd. for an enterprise value of $1.3 billion.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210603005559/en/

Founded in 1964, IDG provides market intelligence for the fast-growing technology industry. For more than five decades, it has delivered proprietary insights and data for technology suppliers and buyers on every major shift in the technology market -- from the invention of the personal computer and launch of the iPhone to the emergence of cloud computing and artificial intelligence. This new ownership will allow IDG to invest significantly in additional opportunities for ongoing growth across its technology and product portfolio, including strategic acquisitions to extend its market leadership position.

Peter Wallace, Global Head of Core Private Equity at Blackstone, said: “The high-quality data, analytics, and insights IDG delivers to technology leaders are only becoming more critical as the pace of growth and innovation accelerates. IDG has a trusted brand and deep knowledge of tech suppliers and buyers, and our investment will help the company accelerate its plans for creating even more advanced product offerings across its business.”

Vikram Suresh, Managing Director at Blackstone, said: “As technology ecosystems become increasingly competitive and complex to navigate, the need for deep market intelligence has become a requirement for established and disruptive technology companies alike. We look forward to partnering with the IDG management team to build on the success they have had in delivering these capabilities to the world’s largest technology companies.”

IDG, Inc. and its subsidiaries have made multiple recent acquisitions to further increase its capabilities for its customers. In 2020, it purchased Triblio to expand its software-as-a-service platform and bolster its ability to support robust marketing activation programs. Last month, it acquired Metri to increase its rich IT pricing dataset, adding IT budget and operations benchmarking and sourcing services.

“Additional capital investment from Blackstone will allow us to cultivate our rich history of innovation and accelerate our product roadmaps to bring our customers the deeper insights and data they need to succeed in today’s rapidly evolving digital economy,” added Mohamad Ali, CEO of IDG. “The IDG management team is also excited for the growth opportunity this acquisition creates as we deliver even greater value to our customers.”

“As owner of IDG over the past several years, we have seen IDG grow and evolve rapidly,” said Brett Bing Liu, President of Oriental Rainbow. “During that time, IDG has significantly expanded its coverage scope and continues to provide world- class solutions to its global customers. We are very happy to see the transition of IDG’s ownership to Blackstone. With Blackstone’s investment, IDG will be able to deliver its next-generation products even faster to customers.”

Goldman Sachs & Co. LLC acted as exclusive financial advisor to IDG. King & Wood Mallesons acted as lead legal advisor and Mintz acted as co-legal advisor to IDG. Simpson Thacher & Bartlett LLP acted as legal advisor to Blackstone.

About Blackstone

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $649 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets, and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone

About International Data Group

International Data Group, Inc. (IDG) is at the heart of technology, and we believe technology exists to make the world a better place. IDG has been ingrained in the industry for more than 55 years in every region around the world sharing trusted technology media, events, and research through IDC and IDG Communications. IDC’s research, data, advisory services, and events leverage more than 1,100 analyst experts worldwide to provide global and local expertise on technology and industry trends in over 110 countries. Our analysis and insight support IT suppliers, IT buyers, business executives, and the investment community in making fact-based technology decisions that help them achieve their business objectives. IDG Communications is a trusted editorial voice, creating quality content to generate knowledge, engagement, and deep relationships with our community of the most influential technology and security decision-makers. Our premium media brands, including CIO®, Computerworld®, CSO®, InfoWorld®, Macworld®, Network World®, PCWorld®, and Tech Hive®, engage a quality audience with essential guidance on the evolving technology landscape. Our global brands, proprietary 1st party data intelligence, and Triblio platform enable marketers to easily identify purchase intent and activate complex campaigns that drive business results. Additional information about IDG is available at https://www.idg.com/about-idg-inc/.

About China Oceanwide

China Oceanwide is a privately held conglomerate founded by Lu Zhiqiang. Headquartered in Beijing, China, Oceanwide's well-established and diversified businesses include operations in financial services and real estate assets globally.



View source version on businesswire.com: https://www.businesswire.com/news/home/20210603005559/en/

For Blackstone:
Matt Anderson
Matthew.Anderson@Blackstone.com
518-248-7310

For IDG, Inc.
Lynn Holmlund
Lynn_Holmlund@IDG.com
508-254-8336

https://ih.advfn.com/stock-market/NYSE/blackstone-BX/stock-news/85278036/blackstone-to-acquire-international-data-group-a

My best sales results in 2020-21.
Sold most, holding some.
May buy again but I dislike the co operations in Brazil.

yes. Blackstone Group (BX)'



i'm out for now

Blackstone Group Inc (BX)
69.23 ? 0.82 (1.20%)
Volume: 3,419,696 @02/26/21 7:54:35 PM EST
Bid Ask Day's Range
- - 67.97 - 69.98
BX Detailed Quote

anyone buying BX now? we sold most... they do have great div.

Blackstone Group Inc (BX)
69.23 ? 0.82 (1.20%)
Volume: 3,419,696 @02/26/21 7:54:35 PM EST
Bid Ask Day's Range
- - 67.97 - 69.98
BX Detailed Quote

Been trading this since $30... solid situation.

BEEN AH FAVORITE LONGTIME BX

happy new year to you & family & all have ah great wkend

ditto

HAPPY NEW YEAR 2021 & ALL HAVE AH GREAT WKEND

Blackstone Group Inc (BX)
64.7 ? 0.16 (0.25%)
Volume: 1,463,078 @12/30/20 4:16:26 PM EST
Bid Ask Day's Range
- - 64.64 - 65.26
BX Detailed Quote

We sold 1/2 $65... been in since $30. Like the div.
Holding.

Blackstone Group Inc (BX)
64.6 ? -0.07 (-0.11%)
Volume: 600,066 @12/29/20 1:05:53 PM EST
Bid Ask Day's Range
- - 64.16 - 65.18
BX Detailed Quote

Bought at 30; sold half now. Holding the rest.