Among the recent notable developments with Blackstone Inc. (BX) include, its $226B portfolio expected to be influenced by McKinsey's AI transformation expert, obtaining a significant surge on robust quarterly results and impressive long-term expansion potential. Other recent maneuvers include the completion of a $6 Billion Energy Transition Fund, which is 33% larger than its predecessor, and the designation of Rodney Zemmel as the global head of portfolio operations. Blackstone also boldly ventured into America's waterfront real estate with a $5.65B marina empire bid, pivoting the group's private equity priorities. Other new deals involve the acquisition of Safe Harbor Marinas in a $5.65B transaction, as well as the completion of the privatization of Retail Opportunity Investments Corp. for $4 Billion. Blackstone's financial chief plans to reveal the firm's strategic plans at a key banking conference. Finally, the asset management giant saw its CEO Schwarzman take home more than $1 billion for the second time, and lift its dividend to $1.44.
Blackstone BX News Analytics from Thu, 17 Oct 2024 07:00:00 GMT to Sat, 01 Mar 2025 10:47:23 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -6
