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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.

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Blackstone - Latest News and Updates

• Blackstone announced a majority investment in JJ Tools, a leading Korean manufacturer of industrial cutting tools, on November 26, 2024.
• Blackstone will acquire non-controlling equity interests in several EQT pipelines for $3.5 billion in cash.
• Blackstone's Infrastructure and Asset Based Credit arm acquired a $1B digital infrastructure loan portfolio from Santander, financing data centers, transportation, and renewable assets in the US and Western Europe.
• Blackstone bought Grand Hyatt Athens from Henderson Park and Hines for €235 million.
• Blackstone is launching a certification program in February 2025 for Hong Kong wealth managers in partnership with the Private Wealth Management Association to support the growing interest in private assets.

• On November 25, 2024, Blackstone Mortgage Trust announced a private offering of $450 million in senior secured notes due 2029.
• Blackstone has invested over €500 million in southern European hotels, including acquiring the Grand Hyatt Athens for €235 million, to capitalize on booming post-pandemic tourism.
• Blackstone, along with Goldman Sachs and Gryphon, has acquired targets in the HVAC services market.
• Blackstone is paying over $15 million to New York City renters to settle claims of rent overcharges in a class-action lawsuit involving Parker Towers.
• Blackstone is negotiating to buy a 20% stake in India's Haldiram's Snacks at an $8 billion valuation after dropping plans for a majority stake.

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