Blackstone Inc #NYSE:BX Price, Chart, News & Insight

Blackstone announced the launch of its first private multi-asset credit interval fund, the Blackstone Private Multi-Asset Credit and Income Fund (BMACX), now available to individual investors through select registered advisers.
BMACX is designed to provide access to diversified income with lower volatility than traditional fixed income by investing across Blackstone’s $465 billion credit platform. It includes exposure to private corporate, asset-based, real estate, structured, and liquid credit. The fund offers daily subscriptions, quarterly liquidity, low investment minimums, and began operations following SEC effectiveness in March. Blackstone positions BMACX as a core portfolio component for individual investors.

Blackstone launches Proxity, a pan-European logistics platform

Blackstone has launched Proxity, a new logistics operator and developer focused on providing flexible warehousing solutions across key European metropolitan areas. Proxity will start with a portfolio of around 500 properties and development projects, totaling over seven million square meters of lettable space. Headquartered in Frankfurt and led by CEO Guido Piñol, the company will operate in Continental Europe, the Nordics, and Ireland. With a leadership team experienced in real estate and plans to scale further, Proxity is expected to be fully operational by 2026.

Blackstone Reports Solid First Quarter 2025 Results Amid Rising Assets and Fee Income

Blackstone reported GAAP net income of $1.2 billion for Q1 2025 and $5.1 billion over the last twelve months (LTM). Net income attributable to Blackstone Inc. was $615 million for the quarter and $2.5 billion for the LTM. Key performance highlights are as follows:

**Financial Performance (Q1 2025 vs. Q1 2024):**
- Total revenues were $3.29 billion (down from $3.69 billion).
- Fee Related Earnings (FRE): $1.3 billion for the quarter ($1.03/share), up 9%.
- Distributable Earnings (DE): $1.41 billion for the quarter ($1.09/share), up 11%.
- LTM FRE and DE rose 20% each to $5.4 billion and $6.1 billion, respectively.

**Revenue Composition (LTM 2025 vs. LTM 2024):**
- Management and advisory fees rose 9% to $7.37 billion.
- Incentive fees increased 33% to $976.7 million.
- Performance allocations more than doubled to $3.56 billion.

**Expenses and Taxes:**
- Total expenses rose to $1.89 billion for the quarter.
- Tax provision declined to $244 million in Q1 2025 from $284 million a year ago.

**Assets Under Management (AUM):**
- Total AUM reached $1.17 trillion, up 10% YoY.
- Fee-earning AUM hit $860.1 billion, also up 10%.
- Perpetual capital AUM rose 14% to $464.4 billion.

**Capital Activity:**
- Q1 inflows: $61.6 billion; LTM inflows: $199.1 billion.
- Q1 deployments: $36.4 billion; LTM: $145.7 billion.
- Q1 realizations: $25.5 billion; LTM: $97.6 billion.

**Returns and Investment Performance:**
- Private equity delivered strong LTM returns: 14.1% in corporate PE and 11.8% in tactical opportunities.
- Infrastructure returned 7.5% in Q1 and 23.6% over the LTM.
- Private credit posted 2.7% in Q1 and 15.0% over the LTM.

**Capital Returned to Shareholders:**
- Dividend: $0.93/share for Q1, totaling $4.05/share over the LTM.
- Share repurchases: 0.2 million shares in Q1 and 3.5 million over the LTM.
- Total shareholder distributions: $1.2 billion in Q1 and $5.7 billion over the LTM.

Blackstone maintains momentum in fee generation, AUM growth, and shareholder returns, supported by diversified investment strategies and strong capital inflows.

Wellington, Vanguard, and Blackstone Form Strategic Alliance to Offer Integrated Investment Solutions

Wellington Management, Vanguard, and Blackstone have announced a strategic partnership to develop simplified, multi-asset investment solutions that combine public and private assets. The goal is to make institutional-level investing more accessible to individual investors and financial advisors.

Each firm brings distinct strengths:
- Wellington provides asset allocation and active management expertise.
- Vanguard contributes experience in both index and active strategies with a focus on low costs.
- Blackstone adds leadership in private markets and alternatives.

The collaboration aims to solve long-term investor challenges by building diversified portfolios that include private assets. More details on the solutions will be announced later in 2025.

Blackstone Real Estate announced that its Core+ funds will acquire a 95% stake in a 6 million square foot industrial portfolio developed by Crow Holdings for $718 million. The portfolio includes 25 Class A buildings primarily located in the high-demand logistics markets of Dallas and Houston. Crow Holdings and its partners will retain the remaining 5% ownership.

David Levine of Blackstone emphasized the company’s strategy of investing in logistics during market volatility, noting the sector's strong performance and limited new supply. Blackstone currently owns over $90 billion in North American warehouse assets. Michael Levy, CEO of Crow Holdings, highlighted the legacy and quality of the portfolio, which continues a tradition that began with the company’s first warehouse in 1948.

The transaction is expected to close in Q2 2025.

Novartis acquires Anthos Therapeutics in deal worth up to $3.1 billion, paying $925 million upfront

Blackstone Life Sciences and Anthos Therapeutics announced that Novartis has completed its acquisition of Anthos in a transaction valued at up to $3.1 billion. The deal includes a $925 million upfront payment, with additional payments tied to regulatory and commercial milestones. Anthos was founded in 2019 by Blackstone Life Sciences and Novartis to develop abelacimab, a novel Factor XI inhibitor currently in Phase 3 trials for atrial fibrillation and cancer-associated thrombosis.

Blackstone's higher $427 million offer for London's 'Can of Ham' tower rejected, source says

The owner of London's landmark "Can of Ham" building has rejected a higher offer from Blackstone of about 330 million pounds ($426.92 million) for the property, with Nuveen betting on an improving appetite for European real estate assets, a source close to the matter said. The 21-storey building at 70 St Mary's Axe is one of the few big-ticket office properties put up for sale in Europe in the past few years after the market was hit by post-pandemic changing working patterns and higher borrowing costs. The "Can of Ham" sale is one of several in Europe being tracked as a test of whether buyers and sellers can agree on price after office sale volumes slumped last year to their lowest level since 2009.

China's vice premier meets Blackstone chairman in Beijing

China's Vice Premier He Lifeng met Blackstone's Chairman Stephen Schwarzman in Beijing, the official Xinhua news agency reported on Tuesday, stating that the Chinese side said it welcomed more U.S.-funded enterprises and long-term capital. China's He said that the country's economic development was improving and that prospects were brighter. "We welcome more U.S.-funded enterprises and long-term capital, including Blackstone, to continue to deepen mutually beneficial cooperation with China and play a greater role in promoting the healthy development of China-US economic and trade relations," Xinhua quoted the vice premier as saying.

Blackstone (NYSE:BX) Eyes 26 Percent Stake In Kolte-Patil For ₹8 Billion As It Enters Indian Residential Sector

Blackstone (NYSE:BX) recently made headlines with discussions to acquire a 26% stake in Kolte-Patil Developers Ltd., a move that coincides with a 6% increase in its share price over the past week. This acquisition represents Blackstone's further expansion into the Indian residential real estate market, diversifying from its existing investments in office spaces, shopping malls, and data centers. Despite broader market challenges, including declines in major indices like the Dow Jones and S&P...

Blackstone’s $17 Billion Property Lending Arm Isn’t Giving Up on Its Office Bets

(Bloomberg) -- After a yearslong downturn that left US offices empty, Blackstone Inc. President Jon Gray sees the sector as ripe for new bets. His real estate dealmakers are preparing to scoop up a stake in a 50-story building in Midtown Manhattan, the strongest signal yet that it sees the market primed for a rebound.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City

Blackstone Ups Bid for ‘Can of Ham’ London Tower to £330 Million

(Bloomberg) -- Blackstone Inc. has sweetened its offer for London’s Can of Ham skyscraper with a bid of about £330 million ($428 million), upping its wager on rising office rents in the City.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Risk

Blackstone's plans for northern England 'hyperscale' data centre get green light

A $13 billion "hyperscale" data centre in North East England proposed by U.S. private equity group Blackstone has been given the green light to go ahead by council planners. Northumberland County Council said on Tuesday that the proposals have been granted planning permission after a unanimous vote in favour of the application. Northumberland County Council said the data centre campus will represent an investment of up to 10 billion pounds and span some 540,000 square metres.

Blackstone holds firm on data center investments despite DeepSeek turmoil

Blackstone said on Thursday its massive investments in data centers would not be undermined by the low-cost artificial intelligence models from China's DeepSeek, as the need for physical infrastructure was still vital for AI. The alternative asset manager, which has $80 billion worth of leased data centers, said its strategy for the segment was grounded in a "very prudent approach" and touted its partnerships with "some of the biggest companies in the world". Data centers provide the infrastructure for storing, processing and analyzing vast troves of information that are crucial for training and running AI models.

Blackstone Energy Transition Partners announced the acquisition of Potomac Energy Center, a 774-megawatt natural gas power plant located in Loudoun County, Virginia, known as “Data Center Alley.” This strategic investment aligns with Blackstone’s focus on supporting the growing energy demands of data centers and AI infrastructure. The Potomac plant, one of the most efficient in the region, is positioned to supply reliable power and has the potential to integrate hydrogen fuel in the future for environmental benefits.

Northern Virginia accounts for 25% of U.S. data center capacity, and the Potomac plant is adjacent to over 130 data centers, with expected continued growth. Blackstone, a leader in infrastructure investment, has also recently invested in AI-related ventures such as CoreWeave and DDN.

Terms of the transaction were not disclosed. Santander and Jefferies LLC served as M&A advisors to Blackstone.

Blackstone and Vista Equity Partners completed their $8.4bn acquisition of Smartsheet

Blackstone has announced its acquisition of AirTrunk, the largest data center platform in Asia, for A$24 billion. This deal solidifies Blackstone's position as the largest data center provider globally. AirTrunk, founded in 2015, operates data centers across Australia, Japan, Singapore, Malaysia, and Hong Kong, and is a key partner for leading global cloud companies. Under Blackstone's ownership, AirTrunk aims to expand its network further and grow into a business valued at A$100 billion.

The acquisition aligns with Blackstone's broader strategy in digital infrastructure, including previous investments in QTS, a US and European data center provider, and initiatives such as Lumina CloudInfra in India. Blackstone’s current portfolio in the sector exceeds $70 billion, with plans to expand its development pipeline to over $100 billion. This strategy supports the rising demand for AI and cloud computing infrastructure, as well as renewable energy solutions to power data centers. Blackstone views investments in AI infrastructure, including data centers, cell towers, and GPU systems, as critical components of the 21st-century economy.

Blackstone Seeks $3 Billion in Sale of Bob Dylan, Adele Song Rights

(Bloomberg) -- Blackstone Inc. has hired financial advisers to explore the sale of song rights, including music from Bob Dylan, Adele and Ariana Grande, that it expects to fetch $3 billion or more, people with knowledge of the matter said.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesNYPD Reforms Car Chase Policy Amid Rising Crashes, InjuriesChurch

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