The Blackstone Group Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts,special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, healthcare, life sciences, enterprise tech and consumer, as well as consumer technologies. The fund considers investment in Asia and Latin America. It has a three year investment period. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. The Blackstone Group Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe and North America.
IPO Year: 2007
Exchange: NYSE
Website: blackstone.com
Date | Price Target | Rating | Analyst |
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3/17/2025 | $180.00 | Neutral → Buy | UBS |
12/12/2024 | $188.00 → $195.00 | Overweight → Equal Weight | Wells Fargo |
12/9/2024 | $149.00 → $230.00 | Hold → Buy | TD Cowen |
10/9/2024 | $149.00 | Overweight → Neutral | Piper Sandler |
9/12/2024 | $163.00 | Overweight | Wells Fargo |
8/27/2024 | $134.00 | Neutral | Redburn Atlantic |
4/2/2024 | $140.00 → $135.00 | Buy → Neutral | UBS |
1/19/2024 | $116.00 → $124.00 | Buy → Neutral | Citigroup |
1/11/2024 | Outperform → Perform | Oppenheimer | |
1/4/2024 | $118.00 | Market Perform | TD Cowen |
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UBS upgraded Blackstone from Neutral to Buy and set a new price target of $180.00
Wells Fargo downgraded Blackstone from Overweight to Equal Weight and set a new price target of $195.00 from $188.00 previously
TD Cowen upgraded Blackstone from Hold to Buy and set a new price target of $230.00 from $149.00 previously
Piper Sandler downgraded Blackstone from Overweight to Neutral and set a new price target of $149.00
Wells Fargo initiated coverage of Blackstone with a rating of Overweight and set a new price target of $163.00
Redburn Atlantic initiated coverage of Blackstone with a rating of Neutral and set a new price target of $134.00
UBS downgraded Blackstone from Buy to Neutral and set a new price target of $135.00 from $140.00 previously
Citigroup downgraded Blackstone from Buy to Neutral and set a new price target of $124.00 from $116.00 previously
Oppenheimer downgraded Blackstone from Outperform to Perform
TD Cowen initiated coverage of Blackstone with a rating of Market Perform and set a new price target of $118.00
Blackstone (NYSE:BX) announced today that Rodney Zemmel – a long-time Senior Partner at McKinsey, who served as the global leader of both McKinsey Digital and the firm's AI Transformation initiatives – has been appointed Global Head of Portfolio Operations. Mr. Zemmel will oversee Blackstone's Portfolio Operations group, a team of operating executives that provides expertise and support to Blackstone's portfolio companies across a wide range of functional areas to help create value for our investors. These include talent, data science and AI transformation, cybersecurity, group procurement, energy efficiency, operational excellence, and asset management – helping partner with company CEOs
NEW YORK, Feb. 10, 2025 /PRNewswire/ -- Acushnet Holdings Corp. (NYSE:GOLF) will replace Retail Opportunity Investments Corp. (NASD: ROIC) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, February 13. S&P 500 constituent Blackstone Inc. (NYSE:BX) is acquiring Retail Opportunity Investments in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Feb 13, 2025 S&P SmallCap 600 Addition Acushnet Holdings GOLF Consumer Discretionary Feb 13, 2025 S&P SmallCap 600 Delet
Chris James Appointed Global Head of Tac Opps, David Blitzer to Transition to Chairman Jas Khaira to be Head of Tac Opps Americas, Qasim Abbas to be Head of Tac Opps International Blackstone (NYSE:BX) announced today that Chris James – currently Chief Operating Officer (COO) and a founding member of Blackstone Tactical Opportunities ("Tac Opps"), with nearly two decades of experience at Blackstone – will become Global Head of Tac Opps. He will succeed David Blitzer, who will transition to chairman of the business at year end. Blackstone also today announced the elevation of two long-time senior Tac Opps partners to expanded leadership roles for the business. Jas Khaira will be Head of Ta
DALLAS, Sept. 10, 2024 /PRNewswire/ -- DECA Dental Group ("DECA"), a leading clinician-founded and clinician-led dental services organization backed by funds managed by affiliates of Blackstone Inc. (NYSE:BX, ", Blackstone", ))), today announced the nationwide launch of its joint venture ("JV") program under its Ideal Dental brand, designed to provide dentists with the opportunity to leverage the best-in-class DECA infrastructure to set up, own, operate and grow their dental practices. Under the direction of Founder & CEO Dr. Sulman Ahmed, DECA has been delivering on its missi
Frank Cohen to Retire at Year-End; Will Remain Chairman of BREIT Board Blackstone Real Estate Income Trust, Inc. ("BREIT") today announced that current Chief Operating Officer, Wesley LePatner, will become BREIT's Chief Executive Officer as of January 1, 2025. She will succeed Frank Cohen, who, after nearly thirty years, plans to retire from Blackstone at year-end. Mr. Cohen will remain Chairman of BREIT's Board of Directors. Kathleen McCarthy and Nadeem Meghji, Global Co-Heads of Blackstone Real Estate, said: "This announcement effectuates the next stage of BREIT's long-planned succession. We are incredibly fortunate to have a colleague of Wesley's caliber, who has been intimately invo
Blackstone (NYSE:BX) announced today that Tyler Dickson, formerly Global Head of Investment Banking and Vice Chair of Banking & International at Citi, will join Blackstone Credit & Insurance ("BXCI") in a newly created role leading client relations for the group. Dickson will oversee BXCI's Institutional Client Solutions team, serving our investors globally, and more broadly partner on BXCI's origination efforts with borrowers around the world. Gilles Dellaert, Global Head of BXCI, said: "Tyler has incredible insights, experience and relationships from his three decades in the industry. He will be an important part of our mission to serve clients and borrowers seamlessly across the full
NEW YORK, June 20, 2024 /PRNewswire/ -- Ryan Specialty Holdings Inc. (NYSE:RYAN) will replace Apartment Income REIT Corp. (NYSE:AIRC) in the S&P MidCap 400 effective prior to the opening of trading on Friday, June 28. Blackstone Inc. (NYSE:BX) is acquiring Apartment Income REIT in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector June 28, 2024 S&P MidCap 400 Addition Ryan Specialty Holdings RYAN Financials June 28, 2024 S&P MidCap 400 Deletion Apartment Income REIT AIRC Real Estate For mor
Gallatin, Tennessee, June 04, 2024 (GLOBE NEWSWIRE) -- Servpro Industries, LLC, ("SERVPRO") a leading property restoration and construction franchise company, is pleased to announce the addition of Rob Rajkowski as the company's new chief marketing officer (CMO). Rajkowski brings a wealth of experience and a proven track record of success to the position. "We are thrilled to welcome Rob to SERVPRO. His addition will greatly benefit our senior leadership team," SERVPRO CEO Brett Ponton said. "Rob's unique background across disciplines — marketing, brand strategy and operations — will allow him to provide valuable guidance for our franchisees and their teams across North America." "His a
Blackstone (NYSE:BX) today announced the appointment of Philip Sherrill as Global Head of Insurance. In his new role, Mr. Sherrill will focus on growing the firm's insurance platform globally, working closely with Gilles Dellaert, Global Head of Blackstone Credit & Insurance. Blackstone's insurance platform has tripled in size since 2020, recently surpassing $200 billion in assets under management. The platform leverages the firm's scale and breadth to serve Blackstone's insurance clients, to drive stronger long-term performance, and, ultimately to meet the needs of more policyholders. Gilles Dellaert, Global Head of Blackstone Credit & Insurance, said: "We are very pleased to welcome P
Blackstone (NYSE:BX) today announced the appointment of Dan Leiter as Head of International for Blackstone Credit and Insurance (BXCI). In this role, reporting to Gilles Dellaert, Global Head of BXCI, Mr. Leiter will lead the activity and expansion of BXCI in EMEA and APAC. Additionally, Michael Carruthers is appointed as European Head of Private Credit, reporting to Mr. Leiter. Blackstone is one of the world's leading credit investors with nearly $420 billion in assets under management across corporate and real estate credit. The investments of BXCI span the credit markets, including direct lending, opportunistic, CLOs, high yield, infrastructure and asset-based credit. BXCI is also a le
Growth investment made in partnership with Asian American Hotel Owners Association (AAHOA) M3, LLC ("M3"), voted the number-one hospitality accounting software in North America, today announced it has signed a definitive agreement for a majority investment from Blackstone Growth and affiliated funds (collectively "Blackstone"). The investment will help to accelerate the company's growth by enhancing new product expansion and supporting the adoption of M3's software, which enables hotel operators to run more efficiently and effectively. AAHOA, representing nearly 20,000 hotel owners and 60% of hotels across the United States, will make its first ever strategic investment alongside Blacksto
Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone ("Blackstone") have completed the acquisition of Tropical Smoothie Cafe, a leading franchisor of fast casual restaurants, from Levine Leichtman Capital Partners. This marks the first transaction in Blackstone's most recent vintage of its flagship private equity vehicle. "Tropical Smoothie Cafe is a nationally recognized brand with an impressive growth trajectory underpinned by a base of loyal franchisees and guests," said Peter Wallace, a Senior Managing Director, and Michael Staub, a Managing Director, in Blackstone's Private Equity business. "With Blackstone's capital and resources, we look forward to a
Matthew Bromberg Appointed Chief Executive Officer and President Interim Chief Executive Officer Jim Whitehurst Named Executive Chair of the Unity Board Company to Release First Quarter 2024 Financial Results on May 9, 2024 Unity (NYSE:U) (the "Company"), the world's leading platform of tools for creators to build and grow real-time games, apps, and experiences across multiple platforms, today announced that Matthew Bromberg has been appointed Chief Executive Officer, President, and a member of the Unity Board of Directors, effective May 15, 2024. Interim Chief Executive Officer Jim Whitehurst has been appointed Executive Chair of the Unity Board while Roelof Botha will transition fro
Plans to Invest More Than $400 Million to Maintain and Improve Existing Portfolio, Illustrating Commitment to Delivering a Leading Resident Experience Blackstone (NYSE:BX) and Apartment Income REIT Corp. (NYSE:AIRC) ("AIR Communities" or the "Company") today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X ("Blackstone") will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt. The purchase price represents a premium of 25% to AIR Communities' closing share price on the NYSE on April 5, 2024, the last trading
LOS ANGELES and NEW YORK, March 28, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. ("Rexford Industrial") (NYSE:REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, and Blackstone (NYSE:BX), today announced Rexford Industrial acquired approximately 3 million square feet of industrial properties pursuant to separate transactions with Blackstone Real Estate, including the Blackstone Property Partners strategy as well as Blackstone Real Estate Partners and Blackstone Real Estate Income Trust, for an aggregate purchase price of $1.0 billion.
Blackstone Remains Committed to Tricon's Extensive Housing Development Platform, Including its Pipeline of $1 Billion of New Single-Family Homes in the U.S. and $2.5 Billion of New Apartments in Canada Plans to Improve Quality of Existing U.S. Single-Family Homes through an Additional $1 Billion of Capital Projects All financial and share price-related information is presented in U.S. dollars unless otherwise indicated. Blackstone (NYSE:BX) and Tricon Residential Inc. (NYSE:TCN, TSX:TCN) ("Tricon" or the "Company") today announced that they have entered into an arrangement agreement (the "Arrangement Agreement") under which Blackstone Real Estate Partners X together with Blackstone
Today, Blackstone (NYSE:BX) announced that private equity funds affiliated with Blackstone have closed the acquisition of Power Grid Components, Inc. ("PGC") from Shorehill Capital LLC. PGC is a leading domestic designer and manufacturer of a wide range of critical components for protection, monitoring, and safety applications in electrical substations, an essential segment of the electrical grid responsible for managing and monitoring power flows and converting electricity into different voltages. As a supplier of critical components to the grid and partner to many of the nation's largest electrical utilities, PGC advances the global energy transition by improving the reliability, capaci
Gilles Dellaert Named Global Head of BXCI, Dwight Scott Named Chairman Blackstone (NYSE:BX) announced today the integration of its market-leading corporate credit, asset-based finance, and insurance groups into a single new unit, Blackstone Credit & Insurance (BXCI). Credit and Insurance is Blackstone's fastest-growing segment – more than doubling to $295 billion in assets under management over the last three years. Today, Blackstone's market-leading businesses include: the largest BDC (BCRED), largest private credit energy transition fund (BGREEN), largest manager of CLOs and senior loans in the world, and the second-largest alternative manager of insurance assets. The new structure wi
NEW YORK and SAN DIEGO, Aug. 25, 2023 /PRNewswire/ -- Realty Income Corporation ((Realty Income, NYSE:O), The Monthly Dividend Company®, and Blackstone Real Estate Income Trust, Inc. ("BREIT") jointly announced today that Realty Income has signed a definitive agreement to invest approximately $950 million to acquire common and preferred equity interests from BREIT in a new joint venture that owns a 95% interest in the real estate assets of The Bellagio Las Vegas. Upon closing, Realty Income will invest approximately $300 million of common equity in the joint venture, subject to certain adjustments, to acquire a 21.9% indirect interest in the property, BREIT will retain a 73.1% indirect inter
Public Storage (NYSE:PSA) (the "Company") and Blackstone Real Estate Income Trust, Inc. ("BREIT") announced today an agreement for Public Storage to acquire Simply Self Storage ("Simply") from BREIT for $2.2 billion. The portfolio comprises 127 wholly-owned properties and 9 million net rentable square feet that are geographically diversified across 18 states and located in markets with population growth that has been approximately double the national average since 2018. Approximately 65% of the properties are located in high-growth Sunbelt markets. During BREIT's ownership period, Blackstone made investments into the Simply platform that enabled the company to enhance the quality of the p
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Blackstone (NYSE:BX) announced today that the Blackstone Private Multi-Asset Credit and Income Fund (BMACX) has been declared effective by the U.S. Securities and Exchange Commission. This marks a significant milestone for BMACX, which will aim to provide individual investors a one-stop, private multi-asset credit solution designed to access strategies across Blackstone's $453 billion credit platform through an interval fund structure. BMACX will invest across private corporate credit, asset based and real estate credit, structured credit and liquid credit. BMACX builds on Blackstone's leadership position delivering private credit solutions to individual investors, with dedicated vehicles
Blackstone (NYSE:BX) today announced the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies V ("BREDS V"), which has approximately $8 billion of total capital commitments. Tim Johnson, Global Head of Blackstone Real Estate Debt Strategies, said, "We are extraordinarily appreciative of our investors for allocating this amount of capital during this period of market dislocation. We could not be more enthusiastic about the opportunities ahead and with the support of the largest owner of commercial real estate as well as the largest alternative real estate credit platform in the world, BREDS V is well-positioned to deliver in this attractive vintage."
ITE Management, L.P. ("ITE"), a leading alternative asset manager focused on transportation infrastructure, announced today a strategic minority investment from funds managed by Blackstone Credit & Insurance ("BXCI"). The investment and strategic partnership enable ITE and BXCI to collaborate and enhance ITE's leadership position amidst a growing opportunity set within the transportation infrastructure sector. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250305594560/en/ BXCI and ITE also launched a strategic forward flow partnership, with BXCI targeting to provide ITE with up to $2 billion of capital for investments and financ
Blackstone (NYSE:BX) announced today that Rodney Zemmel – a long-time Senior Partner at McKinsey, who served as the global leader of both McKinsey Digital and the firm's AI Transformation initiatives – has been appointed Global Head of Portfolio Operations. Mr. Zemmel will oversee Blackstone's Portfolio Operations group, a team of operating executives that provides expertise and support to Blackstone's portfolio companies across a wide range of functional areas to help create value for our investors. These include talent, data science and AI transformation, cybersecurity, group procurement, energy efficiency, operational excellence, and asset management – helping partner with company CEOs
Initial transaction includes approximately CAD $500 million portfolio Element Fleet Management Corp. (TSX:EFN) ("Element"), the largest publicly traded, pure-play automotive fleet manager in the world, and funds managed by Blackstone Credit & Insurance, through its Infrastructure & Asset-Based Credit group ("Blackstone"), today announced the establishment of a strategic funding relationship involving a portfolio of Canadian fleet lease receivables valued at approximately CAD $500 million. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250227048575/en/ Through this strategic arrangement, Element benefits from substantial off-ba
Blackstone (NYSE:BX) today announced the final close for its energy-transition-focused private equity fund, Blackstone Energy Transition Partners IV ("BETP IV"). BETP IV closed at its hard cap of $5.6 billion and is approximately 33% larger than its predecessor vehicle. Blackstone Energy Transition Partners ("BETP") is Blackstone's energy-focused private equity business, which seeks to help energy companies build enterprises at scale that can deliver cleaner, more reliable and more affordable energy to meet global needs. BETP has been recognized as Private Equity International's Energy Private Equity Firm of the Year for an unprecedented three years in a row (2021-2023) and was awarded IJ
Blackstone (NYSE:BX) announced today that funds managed by Blackstone Infrastructure ("Blackstone") have agreed to acquire Safe Harbor Marinas ("Safe Harbor"), the largest marina and superyacht servicing business in the United States, from Sun Communities, Inc (NYSE:SUI) for $5.65 billion. Safe Harbor owns and operates 138 marinas across the U.S. and Puerto Rico and is the industry leader in the boat storage and servicing industry. Commenting on the announcement, Heidi Boyd, Senior Managing Director in Blackstone's infrastructure business said, "Marinas benefit from key long-term thematic tailwinds including the growth of travel and leisure as well as population inflows into coastal cit
Blackstone (NYSE:BX) and Retail Opportunity Investments Corp. ("ROIC" or the "Company") today announced that Blackstone Real Estate Partners X ("Blackstone") has completed its previously announced acquisition of all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt. J.P. Morgan acted as ROIC's exclusive financial advisor. Clifford Chance US LLP served as ROIC's legal counsel. Morgan Stanley & Co. LLC, BofA Securities, Citigroup, Wells Fargo, Newmark, and Eastdil Secured acted as Blackstone's financial advisors. Simpson Thacher & Bartlett LLP served as Blackstone's legal counsel. The transactio
Reflects the promise of the novel Factor XI inhibitor class of medicines to help prevent strokes and other conditions as well as Abelacimab's potential to provide superior safety Culminates growth journey as part of Blackstone Life Sciences Blackstone Life Sciences and Anthos Therapeutics, Inc. ("Anthos" or the "company"), a transformative, clinical-stage biopharmaceutical company developing innovative therapies for the treatment of cardiometabolic diseases, announced today that the company has entered into an agreement with Novartis to acquire Anthos for up to $3.1 billion. Anthos was founded by Blackstone Life Sciences and Novartis in 2019 with the exclusive global rights from Novarti
NEW YORK, Feb. 10, 2025 /PRNewswire/ -- Acushnet Holdings Corp. (NYSE:GOLF) will replace Retail Opportunity Investments Corp. (NASD: ROIC) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, February 13. S&P 500 constituent Blackstone Inc. (NYSE:BX) is acquiring Retail Opportunity Investments in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Feb 13, 2025 S&P SmallCap 600 Addition Acushnet Holdings GOLF Consumer Discretionary Feb 13, 2025 S&P SmallCap 600 Delet