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...Blackstone acquired US data centre group QTS for $10bn in 2021, which would manage the project. Rival Brookfield has also invested heavily in these high-tech facilities....
...Blackstone’s flagship property fund failed to generate enough cash to cover its dividend last year, putting strain on a vehicle the private capital group views as a beachhead in the retail investor marketplace...
...The US alternative asset manager has told investors it will wind down the Blackstone Diversified Multi-Strategy fund by the end of the year, the group told the Financial Times....
...At KKR’s investor day this week, the $553bn-in-assets group laid out a goal to join Blackstone in surpassing $1tn in assets within the next five years....
...The group’s results were buoyed by strong growth in its credit and insurance business, which has $330bn in assets and helped propel Blackstone’s overall assets to $1.1tn....
...“London”, championing the group’s commitment to the city....
...The US private capital group pledged $1.1bn in Breit shares it owned to guarantee some of those returns. Since the UC investment, Breit’s redemption requests have dropped by about 80 per cent....
...Blackstone Group’s $60bn property fund met all of its investors’ redemption requests in February, marking the first time it did not limit such withdrawals in more than a year....
...It doesn’t happen overnight,” Jonathan Gray, president of Blackstone, told the Financial Times in an interview....
...“Blackstone has a performance-driven compensation model that is built on long-term alignment with our investors,” the group said....
...Blackstone is the largest real estate investor in the world....
...The deal underscores how large private capital groups such as Blackstone that face fewer restrictions than banks are stepping into mainstream debt markets to help alleviate capital pressures on large lenders...
...Gucci owner Kering has bought a retail block on Milan’s top shopping street from Blackstone for €1.3bn in Europe’s biggest property deals for two years, as intense demand from luxury groups helps high-end...
...Blackstone’s BXPE, which managed $1.3bn in January, follows those of KKR’s K-Prime and Apollo’s AAA, which also invest a portion of their funds in buyout strategies....
...The dearth of deals over the past year has made it challenging for large private equity groups such as Blackstone to sell successful investments and reap lucrative performance fees....
...This week, Blackstone announced that its latest retail product, BXPE, had initially raised more than $1bn....
...Blackstone Group has raised $1.3bn for a private equity fund tailored to wealthy individual clients, signalling a revival of momentum in its efforts to reach investors beyond its base of institutions such...
...Riyadh then pledged to match up to $20bn in contributions from other investors to a Blackstone infrastructure fund....
...Blackstone concluded a deal to buy another set of logistics properties from Swedish landlord Corem for €490mn. Like many Nordic real estate groups, Corem has been seeking to pay down its debt....
...Build with Blackstone! We lead in private equity (it‘s true)Real estate, and secondaries (credit too)It’s the alternatives eraOh oh oh! Build with Blackstone!...
...estate groups in North America, Europe and Australia....
...According to the group, it has marked up its buyout assets this year by 12 per cent....
...associated with some marquee buyouts including Elliott Management’s takeover of technology business Citrix, Elon Musk’s purchase of social media company Twitter and Apollo’s acquisition of telecommunications group...
...To compensate, Blackstone signalled the loans would have stronger lender protections to bolster its recoveries if any companies ultimately defaulted....
...Blackstone’s deal machine heats up The world’s largest private equity group feels now is a good time to plough billions of new investor cash into corporate buyouts, bets on property and infrastructure,...
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