Blackstone (BX) has been making strong moves across various domains. A standout move is the acquisition of
AirTrunk in a A$24B transaction, marking BX's largest Asia Pacific investment amid AI and data boom. Furthermore, Blackstone is in talks to acquire
software maker Smartsheet. In financial news, BX presented at the Barclays Global Financial Services Conference, announced first quarter 2024 investor call, and issued Q1 and Q2 2024 earnings reports. The firm's performance saw a modest Q2 profit jump on private equity, credit gains, while Q2 earnings missed estimates, causing a slight stock dip. Notably, Blackstone saw consistent rise in AUM despite higher expenses. In human resources, Blackstone hired Citi’s Tyler Dickson for a key credit job and Morgan Stanley’s Dan Leiter for a senior credit role. In real estate, BX is buying the Hyatt Clearwater Beach in Florida, and is betting on growth in the private credit business abroad, while making a A$24 Billion move for an Australian Data Group AirTrunk. Blackstone also bought a stake in a €1.1 Billion warehouse fund and a $1.2 billion European logistics fund.
Blackstone BX News Analytics from Wed, 06 Dec 2023 08:00:00 GMT to Sat, 07 Sep 2024 13:01:17 GMT -
Rating 8
- Innovation 5
- Rumor 2
