|Day's Range||1.6100 - 1.8500|
(Bloomberg) -- SoftBank’s mooted plan to move into private credit is the latest sign the market’s having what Blackstone Inc. President Jon Gray calls a “golden moment.”Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTraders Gear Up to Embrace Riskier Assets After Debt-Cap DealTexas AG Ken Paxton Impeached by Republican-Led State HouseRising int
A solid AUM balance, fund-raising ability and revenue mix are likely to keep supporting Blackstone (BX). However, elevated expenses and unsustainable capital deployments are headwinds.
CIXXF vs. BX: Which Stock Is the Better Value Option?
(Bloomberg) -- Blackstone Inc. Chief Executive Officer Steve Schwarzman said the investment giant is in talks with several US regional banks to explore purchases of assets and loans they originate.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksLula Lashes Out and Sends Warning to Central Bankers EverywhereWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutRussian Wagner Chief Blasts Outcome of Putin’s Ukraine War GoalsWorld’s Biggest Nuclear Plant May St
Alphabet, Raytheon, Blackstone, SAP SE and CVS Health are included in this Analyst Blog.
Today's Research Daily features new research reports on 16 major stocks, including Alphabet Inc. (GOOGL), Raytheon Technologies Corporation (RTX) and Blackstone Inc. (BX).
Blackstone is in talks with companies including Microsoft and Amazon to build Indian data centres for them to meet growing storage and processing demand, the CEO of its Lumina CloudInfra data centre platform told Reuters. COVID-19 created a shift in data consumption habits with more people working remotely and a spike in the use of social media, streaming platforms and e-commerce. This caused a "data explosion", said Anil Reddy, global CEO of Lumina, which is owned and managed by Blackstone, making this the next major investment for the private equity giant in India.
(Bloomberg) -- Blackstone Inc. is in discussions with lenders on a $310 million mortgage backed by a struggling Chicago office tower. Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a WeekThe commercial mortgage
Alternative asset managers have built enormous businesses by tapping into institutional capital. Institutional investors like pension funds, endowments, and insurance companies have an estimated $135 trillion to $140 trillion pool of investable capital. Private investors hold the other half, estimated to be between $140 trillion and $150 trillion.
(Bloomberg) -- Fosun International Ltd. has agreed to sell its shares in diamond-grading firm International Gemological Institute’s business in three regions for $455 million to Blackstone Inc., as the Chinese conglomerate continues to shed assets in a bid to cut debt.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMeta Fined Record €1.2 Billion in EU Over US Data TransfersMexico Raises Alert Level on Volcano Rumbling Near CapitalBiden Says US-China Relations Se
Private equity company Blackstone Inc said it has fully acquired the jewellery certification firm International Gemological Institute (IGI) from China's Fosun and the company's founding family. Blackstone bought IGI, whose majority revenue and profits come from India, for about $530 million, a person with direct knowledge of the matter said on condition of anonymity.
MUMBAI (Reuters) -Private equity company Blackstone Inc said it has fully acquired the jewellery certification firm International Gemological Institute (IGI) from China's Fosun and the company's founding family. Blackstone bought IGI, whose majority revenue and profits come from India, for about $530 million, a person with direct knowledge of the matter said on condition of anonymity. A statement said Blackstone had purchased an 80% stake from Fosun and 20% from the Lorie family.
Blackstone Inc. (BX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
(Bloomberg) -- Blackstone Inc. President Jon Gray told analysts last month that private credit is having a “golden moment” as fund managers take advantage of tighter credit after recent banking turmoil. Left unsaid was that a big push in Europe is proving an exception.Most Read from BloombergDisney Drops Plan to Move Workers to Florida, Closes HotelSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsWall Street Fears $1 Trillion Aftershock From Debt DealHere’s How Much Wealt
NEW YORK, May 17, 2023--Blackstone (NYSE:BX) announced today that Jon Gray, President and Chief Operating Officer, is scheduled to present at Bernstein’s 39th Annual Strategic Decisions Conference on Wednesday, May 31, 2023 at 10:00am ET.
(Bloomberg) -- A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. sold £2.7 billion ($3.4 billion) worth of stock in London Stock Exchange Group Plc, two months after their last disposal of the company’s shares.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyDebt-Limit Talks to Intensify as Biden Set to Depart for JapanJPMorgan Asset Says Markets Are Right to Bet on US Rate CutsA 32-Year-Old Nears Billionaire Status by Using AI to
An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters , the publisher of Reuters News, is looking to sell around $3 billion worth of shares in the London Stock Exchange Group, according to a term sheet shared by an investment bank involved in the sale on Tuesday. Blackstone and Thomson Reuters did not immediately respond to a request for comment. LSEG declined to comment.
In recent years, investors have poured money into alternative investment vehicles like private equity and hedge funds. Because of that, leading alternative investment managers are flush with cash. Industry behemoths Blackstone (NYSE: BX), Brookfield Asset Management (NYSE: BAM), and KKR (NYSE: KKR) have amassed a combined total of $379 billion of dry powder that they can deploy to capitalize on future investment opportunities.
(Bloomberg) -- No matter how dire the situation when a bank fails, private investment firms can’t seem to get a nod for their salvage offers during US-run auctions — leaving them to wonder if they’ll ever be allowed to win.Most Read from BloombergElon Musk Says He’s Stepping Down as Twitter’s CEOJamie Dimon Says US Needs to 'Finish' the Bank CrisisKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoTurkey Mark
(Bloomberg) -- At least 20 companies including units of Blackstone Inc., PNC Financial Services Group Inc. and Apollo Global Management Inc. were involved in bids for parts of Silicon Valley Bank after it collapsed.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseTreasuries Advance After CPI; Stocks Edge Higher: Markets WrapHedge Funds Drive Credit Suisse CDS Higher on Bets of a PayoutThes
Blackstone Inc and Apollo Global Management were among about 20 bidders for some assets of collapsed Silicon Valley Bank, the Federal Deposit Insurance Corporation (FDIC) said on Wednesday. PNC Financial Services, Valley Bank, Citizens Bank and BankUnited were also among the bidders, the FDIC said in a summary document, adding that one or more bidders submitted more than one bid.
(Bloomberg) -- Steve Schwarzman will hold off donating money to Ron DeSantis for now, after a meeting with the expected presidential aspirant left him unconvinced of the Florida governor’s White House prospects. Most Read from BloombergItaly Intends to Exit China Belt and Road Pact as Ties SourSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionGeorge Santos Fa
Blackstone Inc's delisting offer for India's R Systems International Ltd was unsuccessful as the U.S. investment fund failed to draw enough interest from public shareholders, the manager to the offer said on Monday. Blackstone, which in November said it would buy a near 52% stake in the IT services firm for $359 million, needed to raise its stake to 90% for the delisting proposal to work. However, the offer secured only share tenders from 11.45% of public shareholders, compared to the minimum 38.33% required to raise Blackstone's stake to 90%, offer manager Kotak Mahindra Capital said in a disclosure.
KKR & Co Inc said on Monday its after-tax distributable earnings fell 26% year-on-year in the first quarter due to a sharp drop in asset sales from its private equity portfolio and lower transaction fees. KKR and other private equity firms cashed out on fewer investments during the quarter as inflation, higher interest rates, geopolitical tensions and financial market volatility weighed on dealmaking. KKR said its profit from asset sales fell 70% to $172.7 million.
Blackstone is weighing options for Spanish gambling company Cirsa, including an initial public offering (IPO), people familiar with the matter told Reuters. The U.S. buyout group recently invited proposals from investment banks to manage a possible share sale and refinancing of Cirsa's debt, said the people, speaking on condition of anonymity. It is common for banks managing an IPO to also provide a loan to the company.