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...Blackstone is close to acquiring the former Britishvolt industrial site in the north of England, with plans to build one of Europe’s largest data centres as the artificial intelligence boom drives demand...
...Blackstone has prominently featured Breit’s distribution yield of 4.6 per cent in marketing materials....
...The fall of one of Myanmar’s busiest border trading towns to rebel forces in recent days has put further pressure on the military regime as it grapples with a relentless insurgency across the country....
...It also puts money with a number of managers in which Blackstone has a financial interest....
...It doesn’t happen overnight,” Jonathan Gray, president of Blackstone, told the Financial Times in an interview....
...Blackstone turned up at just the right time....
...Blackstone owes the University of California twice as much as it did last quarter as part of a complex transaction to shore up its flagship real estate fund....
...More recently, Sunak has developed close ties with the pair at the top of Blackstone....
...By 2022, Breit had drawn tens of billions of dollars in new assets, growing into Blackstone’s single largest source of fee growth....
...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....
...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 has been without a vice chair since the 2021 retirement of longtime executive Hamilton “Tony” James....
...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....
...At the outset of Thursday’s earnings call, Blackstone executives took a victory lap in honour of their predictive powers....
...Unlike rivals such as Apollo Global and KKR, both of which own large insurers, Blackstone manages assets it acquires on behalf of insurers such as Allstate and AIG....
...Blackstone sold just $15bn in investments, a steep decline from the $18bn of assets it sold in the first quarter of 2023....
...While Gray said the transactions reflected an “inflection point” in the pace of Blackstone’s investment, some parts of its business continue to face fresh challenges....
...Blackstone’s flagship private equity and related funds have deployed hundreds of billions of dollars since its 1980s founding....
...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...
...The real estate crunch has created headaches in parts of Blackstone’s business. It has had to limit investor redemptions from its flagship Blackstone Real Estate Income Trust....
...Blackstone bought the Milan property as part of its 2021 acquisition of Reale Compagnia Italiana, a private Italian firm that also owned offices, hotels and residential properties in the city....
...A consortium of investors led by Blackstone Group has won bidding for the largest tranche of the Federal Deposit Insurance Corporation’s auction of $33bn in loans absorbed from Signature Bank after its collapse...
...The price looks like good news for Blackstone investors. The firm bought the building as part of a wider Milan portfolio in 2021....
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