Blackstone | Latest News & Updates - Nov 20, 2024 Release

Blackstone acquired a majority stake in Jersey Mike's, valuing the chain at $8 billion and marking its third restaurant deal this year...


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Blackstone

🌎 blackstone.com

Blackstone is the world’s largest alternative asset manager, headquartered in New York, NY. The company manages over $1 trillion in assets and focuses on delivering compelling returns for both institutional and individual investors through various global investment strategies, including real estate, private equity, infrastructure, and credit. Blackstone is known for its significant role in private market solutions and its ability to strengthen the companies in which it invests.


Blackstone - Latest News and Updates

  • Blackstone acquired a majority stake in Jersey Mike's, valuing the chain at $8 billion and marking its third restaurant deal this year.
  • Blackstone is in advanced talks to acquire South City mall in Calcutta and the Altair residential project in Colombo for approximately ₹3,500 crore.
  • Aneek Mamik has joined Blackstone as a Senior Managing Director from Värde Partners, where he was Partner, Global Head of Financial Services & Diversified Private Credit.
  • Blackstone Innovations Investments co-led a $15 million Series A funding round for Cardo AI to support its U.S. expansion and is using Cardo AI's technology in its Credit & Insurance operations.
  • On November 15, 2024, Blackstone appointed Daniel Leiter and Kevin Michel to key leadership roles in its credit funds following the resignations of Robert Zable and Marisa Beeney.
  • Blackstone has appointed Robert Zable as Trustee, Chairman of the Boards of Trustees, President, and CEO of the Blackstone Long-Short Credit Income Fund, with Robert Post taking on new management roles.
  • On November 15, 2024, Blackstone Liquid Credit Strategies LLC announced changes in Trustee, Officer, and Portfolio Management positions for its advised closed-end funds, including the resignation of Robert Zable as Trustee and Chairman.
  • Blackstone Credit & Insurance appointed Daniel Leiter as CEO after Robert Zable stepped down, while maintaining their investment strategy.
  • Joan Solotar from Blackstone will speak at the #BBGWomenMoneyPower event on December 10.
  • Martin Brand, Head of North America Private Equity & Global Co-Head of Technology Investing at Blackstone, will be interviewed at Reuters NEXT.

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