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...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...
...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....
...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....
...Blackstone has won the backing of Hipgnosis Songs Fund’s board as the US private equity group seeks to derail Concord Chorus’s proposed $1.4bn takeover of the UK-listed music rights investment company Blackstone...
...The group, which has $90bn in market capitalisation, is turning into a financial superstore of private market investments that has expanded far beyond buyouts....
...It doesn’t happen overnight,” Jonathan Gray, president of Blackstone, told the Financial Times in an interview....
...“London”, championing the group’s commitment to the city....
...It underscores the financial risk Blackstone assumed to draw UC’s investment by promising high returns on property investments hit by rising interest rates....
...The Financial Times reported last month that Blackstone has built a $560mn liability to the US as a result of its return promise after the fund lost value last year....
...Joseph Baratta, the head of Blackstone’s private equity unit, and Michael Chae, its chief financial officer, each received about $50mn in 2023, with nearly half coming from dividends....
...But Blackstone said that rallying financial markets would finally pave the way for IPOs, M&A and cash-outs in 2024. Blackstone’s marked returns by asset class also proved interesting....
...Blackstone president Jonathan Gray told the Financial Times last May the world’s largest private capital group — which has $1tn of assets under management — could become a “valuable partner” to banks looking...
...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....
...His comments came as Blackstone posted mixed fourth-quarter earnings that reflect the fragile state of financial markets, particularly in leveraged private investments where the New York-based group is a...
...This week, Blackstone announced that its latest retail product, BXPE, had initially raised more than $1bn....
...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...
...It created a so-called Blackstone University to provide educational materials to investors and their financial advisers....
...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!...
...Riyadh then pledged to match up to $20bn in contributions from other investors to a Blackstone infrastructure fund....
...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...
...Blackstone has a financial exposure to the trust....
...According to the group, it has marked up its buyout assets this year by 12 per cent....
...Unsurprisingly, this group is led by another co-founder, Rolly Van Rappard, who will chair the listed entity when it’s public....
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