Katana VentraIP

Blackstone Inc.

Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone is also active in credit, infrastructure, hedge funds, insurance, secondaries, and growth equity. As of June 2023, the company's total assets under management were approximately US$1 trillion, making it the largest alternative investment firm globally.[2]

Not to be confused with BlackRock Inc, an investment management firm; or Blackstone Audio, an American audiobook and book publisher.

Company type

Public

Financial services

1985 (1985)

345 Park Avenue (New York City, U.S.)

Decrease US$8.02 billion (2023)

Decrease US$2.44 billion (2023)

Increase US$1.04 trillion (2023)

Decrease US$40.3 billion (2023)

Decrease US$6.82 billion (2023)

4,735 (2023)

Blackstone Credit

blackstone.com

Blackstone was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers.

In February 2011, the company acquired Centro Properties Group US from (now Vicinity Centres) for $9.4 billion.[85] The company became Brixmor Property Group and Blackstone sold its remaining interest in the company in August 2016.[86]

Centro Retail Trust

In November 2011, a fund managed by the company acquired medical biller for $3 billion.[87]

Emdeon

In late 2011, Blackstone Group LP acquired , a German camping equipment company. In 2017, the company was handed over to its lenders.[88]

Jack Wolfskin

In August 2012, Blackstone was part of a consortium that financed after a software glitch threatened Knight's ability to continue operations.[89]

Knight Capital

In October 2012, the company acquired G6 Hospitality, operator of & Studio 6 motels from AccorHotels, for $1.9 billion.[90]

Motel 6

In November 2012, the company acquired a controlling interest in Vivint, , and 2GIG Technologies.[91] In February 2013, 2GIG was flipped to Nortek Security & Control, LLC for $135M.[92]

Vivint Solar

In April 2013, the company discussed buying , but it did not pursue the acquisition.[93]

Dell

In June 2013, Blackstone Real Estate Partners VII acquired an industrial portfolio from for $241.5 million.[94] Part of this portfolio was developed by StonebridgeCarras as Oakville Triangle (Now "National Landing")[95]

First Potomac Realty Trust

In September 2013, Blackstone announced a strategic investment in ThoughtFocus Technologies LLC, an service provider.[96]

information technology

In August 2013, Blackstone acquired Strategic Partners, manager of , from Credit Suisse.[97]

secondaryfunds

In February 2014, Blackstone purchased a 20% stake in the Italian luxury brand for €150 million.[98][99]

Versace

In April 2014, Blackstone's charitable arm, the Blackstone Charitable Foundation, donated $4 million to create the Blackstone Entrepreneurs Network in Colorado. The program encourages increased collaboration among local business leaders with the goal of retaining high-growth companies in the state.

[100]

In May 2014, Blackstone Group acquired the resort from Deutsche Bank for $1.73 billion.[101]

Cosmopolitan of Las Vegas

In August 2014, Blackstone Energy Partners acquired 's 50% stake in a shale-gas field in the Haynesville Shale for $1.2 billion.[102]

Shell Oil

In January 2015, Blackstone Real Estate Partners VI announced it would sell a in Sydney to Dalian Wanda Group for A$415 million.[103]

Gold Fields House

In June 2015, Blackstone acquired the in Chicago for $1.3 billion.[104]

Willis Tower

In July 2015, Blackstone acquired Excel Trust, a real estate investment trust, for around $2 billion.

[105]

In November 2015, the company agreed to sell facility management firm GCA Services Group to and Thomas H. Lee Partners.[106]

Goldman Sachs

Recent exits[edit]

IBS Software[edit]

In May 2023, Blackstone entered into an agreement to divest its stake in IBS Software, a Kerala-based software-as-a-service (SaaS) provider. The transaction, valued at $450 million, involved the sale of Blackstone's stake to the global private equity firm Apax.[167][168]

Hotel Investment Partners[edit]

In October 2023, Blackstone divested its stake in the Spanish hotel conglomerate Hotel Investment Partners (HIP) to the Singaporean sovereign wealth fund GIC. As part of the agreement, GIC secured a 35% stake in HIP, with the deal establishing a valuation exceeding €4 billion for the company.[169]

Embassy Office Parks[edit]

In December 2023, Blackstone announced its intention to divest its entire 23.59% stake, valued at $833 million, in Embassy Office Parks, India's largest real estate investment trust. The decision came four years after the initial listing of the REIT, as revealed in a term sheet disclosed by Reuters.[170]

Leadership[edit]

Executives[edit]

Source:[199]

List of outdoor industry parent companies

List of venture capital firms

Official website

Bloomberg