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...The rise of artificial intelligence is expected to vastly increase the need for these facilities. Blackstone acquired US data centre group QTS for $10bn in 2021, which would manage the project....
...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 has taken pole position in the takeover battle for Hipgnosis Songs Fund after rival Concord said it would not match the US private equity group’s $1.6bn offer for the UK-listed music rights owner...
...It is probably the least risky thing we do at Blackstone....
...Blackstone over the weekend made a proposal to the company’s board to acquire the music rights group for $1.24 per share in cash to try to derail the recommended offer from Concord....
...Blackstone has been battling for Hipgnosis with Apollo-backed US investment group Concord....
...The New York-based investment group acquired the properties in 2018 for $1.2bn in what was one of first large investments made by the closely followed property fund....
...The US private equity group said it had agreed to offer $1.30 per share, or 104p, trumping a rival bid by Apollo-backed US investment group Concord....
...It doesn’t happen overnight,” Jonathan Gray, president of Blackstone, told the Financial Times in an interview....
...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...
...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....
...Though incomes fell at Blackstone, the net worth of Schwarzman and Gray rose as the group’s stock generated a total return of more than 80 per cent in 2023....
...Blackstone is the largest real estate investor in the world....
...for the alternative investments group with $1tn in asset....
...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 marked down its property funds by more than 3 per cent during the fourth quarter, causing the group to miss out on some valuable fees it usually collects from the funds....
...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...
...There are separate potential fees that the investment adviser intermediary may take as well. Retail investors are the final frontier for the likes of Blackstone....
...The fund is poised to be Blackstone’s most complex product yet, blending the group’s private equity strategies including traditional buyouts and those targeting biotechnology companies to preferred equity...
...Blackstone chief executive Stephen Schwarzman was one of the top donors to Chris Christie’s abortive campaign for the US Republican presidential nomination, according to new federal filings, marking a turning...
...Blackstone plans to step up its dealmaking before a rebound in markets drives prices higher, the president of the private equity firm has told the Financial Times....
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