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Blackstone Inc. (BX)

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121.25

-0.96

(-0.79%)

At close: June 14 at 4:00 PM EDT

121.02

-0.23

(-0.19%)

After hours: June 14 at 7:59 PM EDT

Wall Street is divided over the rise of private credit

The Wall Street debate about the rise of private credit is getting louder, with major figures from the biggest financial institutions disagreeing about risks and opportunities.

Yahoo Finance 8 hours ago

JPM

APO
-0.35%
APO-PA
Blackstone Opts to Sweeten Deal as REITs Upend Playbook

(Bloomberg) -- When Blackstone Inc. put a portfolio of student dorms up for sale, it worked behind the scenes to make the deal even more attractive.Most Read from BloombergWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Southwest Plane Plunged Within 400 Feet of Ocean Near HawaiiBump Stock Ban Tossed Out by Supreme Court in Gun-Rights WinTesla Investors Get Behind Musk’s Fight for $56 Billion Pay DealApple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashFirst, the f

Bloomberg 2 days ago

BX
-0.79%
KKR
-0.16%
Coatue’s Weiner Gets Billions From Millennium for Hedge Fund

(Bloomberg) -- Coatue Management’s Aaron Weiner, who’s leaving the investment firm, is preparing to start his own hedge fund with backing from Izzy Englander’s Millennium Management.Most Read from BloombergWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Tesla Investors Back Musk’s $56 Billion Pay Deal, Texas MoveApple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.Tech Powers Stocks as Adobe Surges in La

Bloomberg 3 days ago

GS
+0.02%
BX
-0.79%
Private Lenders Storm Public Bond Markets at Record-Setting Pace

(Bloomberg) -- A group of private credit funds backed by firms like Blackstone Inc. and Ares Management Corp. have found a cheap place to raise money, at a time when they already have record levels of cash: the investment-grade corporate bond market.Most Read from BloombergWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Apple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.US Producer Prices Surprise With

Bloomberg 3 days ago

BX
-0.79%
Blackstone Shelves $1.3 Billion Commercial Mortgage Bond Deal Amid New Issue Frenzy

(Bloomberg) -- Blackstone Inc.’s plan to sell a $1.275 billion bond backed by commercial real estate debt is now on hold while issuance of the debt continues to soar.Most Read from BloombergHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.Apple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashUS Inflation Broadly Cools in Encouraging Sign for Fed OfficialsFed Officials Dial Back Rate Forecasts, Signal Just One ‘24 CutStock Bull Run Breaks Record on Fed Decision Day: Markets

Bloomberg 4 days ago

BX
-0.79%
BlackRock Scouts for Insurance Partnerships in Private-Debt Push

(Bloomberg) -- BlackRock Inc.’s private-debt business is exploring ways to tap the deep pockets of insurance companies that are increasingly looking to boost their allocations to the asset class.Most Read from BloombergUS Inflation Broadly Cools in Encouraging Sign for Fed OfficialsBlinken Casts Doubt on Cease-Fire Hopes After Hamas RespondsHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.EU to Slap Tariffs of Up to 48% on EV Imports From ChinaBritain’s ‘Quiet Quitters’ Are Costing

Bloomberg 4 days ago

BLK
-0.05%
BX
-0.79%
KKR Gets A$500 Million Private Credit Loan for Perpetual Buy

(Bloomberg) -- KKR & Co. obtained a private credit loan of about A$500 million ($331 million) from Blackstone Inc. and Goldman Sachs Asset Management to help finance its acquisition of Australia’s Perpetual Ltd.’s corporate trust unit, according to people familiar with the matter.Most Read from BloombergHunter Biden Convicted of Gun Charges by Jury in DelawareEU to Slap Tariffs of Up to 48% on EV Imports From ChinaDozens of CVS Generic Drug Recalls Expose Link to Tainted FactoriesApple Hits Reco

Bloomberg 4 days ago

KKR
-0.16%
BX
-0.79%
StepStone Group (STEP) Moves 6.6% Higher: Will This Strength Last?

StepStone Group (STEP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Zacks 5 days ago

STEP

BX
-0.79%
Blackstone Completes Acquisition of Tropical Smoothie Cafe

ATLANTA & NEW YORK, June 10, 2024--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.

Business Wire 6 days ago

BX
-0.79%
Blackstone Real Estate and MRP Group Announce Commencement of an All-Cash Tender Offer for Terrafina

NEW YORK & MEXICO CITY, June 10, 2024--Blackstone Real Estate and MRP Group, a developer, owner and operator of real estate in Mexico, today announced that a Mexican trust formed by their affiliates has commenced a tender offer for up to 100% of the outstanding real estate trust certificates of Terrafina (BMV:TERRA 13) at a purchase price of Ps.38.50 per certificate.

Business Wire 6 days ago

BX
-0.79%
Insiders At Blackstone Sold US$11m In Stock, Alluding To Potential Weakness

In the last year, many Blackstone Inc. ( NYSE:BX ) insiders sold a substantial stake in the company which may have...

Simply Wall St. 8 days ago

BX
-0.79%
Blackstone’s Encore in Talks for $2.8 Billion in Private Finance

(Bloomberg) -- Blackstone Inc. is in talks with private credit lenders to raise as much as $2.8 billion in financing for its audio-visual and event-services company Encore Group USA LLC to address its upcoming maturities, according to people with knowledge of the matter.Most Read from BloombergBehind ‘Suicide Squad,’ the Year’s Biggest Video-Game FlopReal Estate Investors Are Wiped Out in Bets Fueled by Wall Street LoansVietnam Tycoon Sentenced to Death Faces New Charges: MediaBillionaire-Friend

Bloomberg 10 days ago

BX
-0.79%
Billionaires in Silicon Valley are opening up to Trump. It's not just because of taxes.

Donald Trump is set for a major stop in the 2024 money race on Thursday when he travels to Silicon Valley for a high-profile fundraiser with tech billionaires.

Yahoo Finance 10 days ago

TSLA

BX
-0.79%
Private Equity’s Latest Move to Gin Up Cash: Borrowing Against Its Stock Holdings

(Bloomberg) -- Cinven’s clients got some unwelcome news last year: the buyout firm’s financing tied to a lab-testing company wasn’t going well. Instead of getting a windfall, clients had to ante up more cash. Most Read from BloombergBlackRock, Citadel Back Texas Stock Exchange in Challenge to NYSEModi Vows to Retain Power Even as Party Loses India MajorityS&P 500 Hits 25th Record This Year as Tech Soars: Markets WrapSEC Hedge Fund Fee Disclosure Rule Struck Down by US CourtModi’s Magic Is Fading

Bloomberg 11 days ago

BX
-0.79%
BMBL

KKR
-0.16%
Trump combines small donors and billionaires for a record fundraising haul in May

Donald Trump's campaign announced a crush of new money in May, combining a new surge of support from small-dollar donors with continuing strength among billionaires.

Yahoo Finance 12 days ago

BX
-0.79%
TSLA
Blackstone to Buy 1,750 Homes from Vistry in £580 Million Deal

(Bloomberg) -- Blackstone Inc. and Regis Group Plc have agreed a deal to buy a portfolio of 1,750 homes from UK homebuilder Vistry Group Plc. Most Read from BloombergModi Vows to Stay in Power Even as Party Loses India MajorityShort Sellers in Danger of Extinction After Crushing Stock GainsMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHow Billionaires Bought 70% of Detroit’s Offices and Transformed the CityTreasuries Gain as JOLTS Spurs Faster Fed-Cut Bets: Markets WrapFund

Bloomberg 12 days ago

BX
-0.79%
BVHMY
Blackstone’s Blitzer Taps Lazard for Potential FC Augsburg Sale

(Bloomberg) -- A key investor of German football club FC Augsburg is sounding out a potential sale that could value the team at more than €150 million ($163 million), according to people familiar with the matter.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceGameStop Shares Surge as Gill’s Reddit Return Shows Huge BetMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHomebuyers Are Starting to Revolt Over Steep Prices Across USAMLO Proteg

Bloomberg 13 days ago

BX
-0.79%
Blackstone’s $59 Billion Property Trust Hit by Starwood Fallout

(Bloomberg) -- A $59 billion Blackstone Inc. property trust is contending with the fallout from a rival’s decision to enforce stricter limits on investors. Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceGameStop Shares Surge as Gill’s Reddit Return Shows Huge BetMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHomebuyers Are Starting to Revolt Over Steep Prices Across USAMLO Protege Sheinbaum Becomes First Female President in MexicoRepu

Bloomberg 13 days ago

MAR

BX
-0.79%
Blackstone Is Considering the Sale of Alinamin Pharmaceutical, Sources Say

(Bloomberg) -- Blackstone Inc. is considering a sale of Japanese consumer health-care firm Alinamin Pharmaceutical Co., which used to be owned by Takeda Pharmaceutical Co., according to people familiar with the situation.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceGameStop Shares Surge as Gill’s Reddit Return Shows Huge BetMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHomebuyers Are Starting to Revolt Over Steep Prices Across USAM

Bloomberg 13 days ago

BX
-0.79%
TAK
Trending tickers: GameStop, Bitcoin, Saudi Aramco and Hipgnosis

The latest investor updates on stocks that are trending on Monday.

Yahoo Finance UK 13 days ago

BX
-0.79%
^GSPC

2223.SR

Performance Overview

Return	BX	S&P 500
YTD	-6.05%	+13.87%
1-Year	+37.90%	+24.32%
3-Year	+41.64%	+27.88%

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Blackstone Inc. (BX)

Wall Street is divided over the rise of private credit

Blackstone Opts to Sweeten Deal as REITs Upend Playbook

Coatue’s Weiner Gets Billions From Millennium for Hedge Fund

Private Lenders Storm Public Bond Markets at Record-Setting Pace

Blackstone Shelves $1.3 Billion Commercial Mortgage Bond Deal Amid New Issue Frenzy

BlackRock Scouts for Insurance Partnerships in Private-Debt Push

KKR Gets A$500 Million Private Credit Loan for Perpetual Buy

StepStone Group (STEP) Moves 6.6% Higher: Will This Strength Last?

Blackstone Completes Acquisition of Tropical Smoothie Cafe

Blackstone Real Estate and MRP Group Announce Commencement of an All-Cash Tender Offer for Terrafina

Insiders At Blackstone Sold US$11m In Stock, Alluding To Potential Weakness

Blackstone’s Encore in Talks for $2.8 Billion in Private Finance

Billionaires in Silicon Valley are opening up to Trump. It's not just because of taxes.

Private Equity’s Latest Move to Gin Up Cash: Borrowing Against Its Stock Holdings

Trump combines small donors and billionaires for a record fundraising haul in May

Blackstone to Buy 1,750 Homes from Vistry in £580 Million Deal

Blackstone’s Blitzer Taps Lazard for Potential FC Augsburg Sale

Blackstone’s $59 Billion Property Trust Hit by Starwood Fallout

Blackstone Is Considering the Sale of Alinamin Pharmaceutical, Sources Say

Trending tickers: GameStop, Bitcoin, Saudi Aramco and Hipgnosis

Performance Overview