5 5.Blackstone Group Inc - Portfolio Holdings, AUM (13F, 13G) - Fintel. [38] In 1999, Blackstone partnered, together with Apollo Management to provide capital for Allied Waste's acquisition of Browning-Ferris Industries. 7 7.BLACKSTONE INC. Between 1995 and 2014, PNC reported $12 billion in pretax revenues and capital gains from BlackRock, Schwarzman later described the selling of BlackRock as his worst business decision ever. List of top Blackstone Group Portfolio Companies - Crunchbase Hub Profile Hub Blackstone Group Portfolio Companies Overview Parent Organization Blackstone Group Number of Organizations 151 CB Rank (Hub) 49,085 Number of Founders 240 Average Founded Date Oct 21, 2000 Percentage Acquired 26% Percentage of Public Organizations 18% [164], In 2014, Blackstone sold Northern California office buildings for $3.5 billion. The following are subsidiaries of The Blackstone Group L.P. as of December 31, 2016 and the jurisdictions in which they are organized. The firm seeks to invest through means of buyouts, debt, mergers, acquisitions, mezzanine, and growth capital. The fascinating story of how Blackstone gets its portfolio companies to work together begins from here. Back to BX Overview. $726,340. Blackstone had been an original investor in GSO's funds. As an independent power producer, Aypa was founded . .arow { background-color: #EEFFEE; font-size: 11px; padding-right:3px; } The average expense ratio from all mutual funds is 2.85%. With 1,000 employees, the company manages a $64 billion private equity portfolio and has made more than 835 investments in its long history. The deal includes assets worth $2.6 billion. [citation needed] In 2020 they acquired Ancestry.com. AUM: $3.054 trillion. [42], In October 2000, Blackstone acquired the mortgage for 7 World Trade Center from the Teachers Insurance and Annuity Association. isexpanded[from] = !isexpanded[from]; Blackstone co-founder Peter Peterson was the former chairman and CEO of Lehman Brothers. [19] In June 1989, Blackstone acquired freight railroad operator, CNW Corporation. "[178] The report alleged that Blackstone had abused tenants with exorbitant fees, rent hikes, and aggressive eviction practices, and that Blackstone's real estate practices had a disproportionate impact on communities of color, in part because the company targeted foreclosures resulting from subprime loans. Blackstone real estate has committed $5.4 billion across 33 investments in India, of which it has committed $4 billion towards acquiring Grade A commercial office buildings across the country; it. This list of organizations invested in by Blackstone Group provides data on their funding history, investment activities, and acquisition trends. Including: Biggest new positions Biggest exits Biggest increased positions Biggest decreased positions. We work to identify, invest in and enhance the value of great businesses. Haynes and Republic Technologies International, both had problems and ultimately filed bankruptcy. In August 2020, Blackstone acquired Takeda Consumer Healthcare for $2.3 billion. Link to 13F filings: SEC filings, .htable { font-family: Arial; font-size: 13px; border-bottom: 1px dotted #666666; width: 646px; } [4]:4556[5] The founders named their firm "Blackstone," using a cryptogram derived from the names of the two founders (Schwarzman and Peterson). Founded in 1985, The Blackstone Group is a private equity firm based in New York, New York. EQ Office was founded in 1976. It has almost 80 different offices and it was founded bySam Zell. [14], As of 2019[update], Blackstone was the world's largest private equity firm by capital commitments as ranked by Private Equity International. BMBL. [40], Blackstone's investments in the late 1990s included AMF Group (1996), Haynes International (1997), American Axle (1997), Premcor (1997), CommNet Cellular (1998), Graham Packaging (1998), Centennial Communications (1999), Bresnan Communications (1999), PAETEC Holding Corp. (1999). It denied blame, although Blackstone was widely accused in the media for selling on the company with an unsustainable business model and crippled with an impossible sale and leaseback strategy. During the buyout boom of 2006 and 2007, Blackstone completed some of the largest leveraged buyouts. Job Title: Portfolio Insights, Associate. John Joseph Paul Studzinski, CBE (born March 19, 1956) is an American-British investment banker and philanthropist. [165] The buildings sold in San Francisco and Silicon Valley included 26 office buildings and two development parcels. Blackstone Inc. is buying a company that controls how a swath of businesses owned by private equity firms secure and pay for goods and services as varied as printers, pallets and postage. Javascript is disabled or is not supported by your browser. A American Axle Ancestry.com C Candle Media Chicago and North Western Transportation Company Cineworld Cloudreach Crown Resorts E EQ Office Extended Stay America F Freescale Semiconductor H document.getElementById(imgid).src='https://www.holdingschannel.com/closed.gif'; The oldest fund launched was in 2014. Blackstone owns more than 200+ companies. The company was sold to Kohlberg Kravis Roberts in 2012. It has almost 80 different offices and it was founded by Sam Zell. A American Axle Ancestry.com C Ivory Apartment Homes; Ivory Homes; Portfolio companies include some big names, like First Data, GoDaddy, Lyft, PEMEX Midstream, UFC, and others. In this article, we discuss 10 value stocks in Blackstone Groups portfolio. Blackstone made a number of notable investments in the early and mid-1990s, including Great Lakes Dredge and Dock Company (1991), Six Flags (1991), US Radio (1994), Centerplate (1995), MEGA Brands (1996). Blackstone presented Intelenet seven investee companies as clients on a platter, which today account for a quarter of the outsourcer's annual sales. [11][12], From the outset in 1985, Schwarzman and Peterson planned to enter the private equity business but had difficulty in raising their first fund because neither had ever led a leveraged buyout. In July 2008, Blackstone, together with NBC Universal and Bain Capital acquired The Weather Channel from Landmark Communications for $3.5 billion. trs[i].className = 'showrow'; Blackstone Real Estate Advisors L.P. Top Investor Types Micro VC , Hedge Fund , Accelerator , Angel Group , Venture Debt. AQNU. In no event shall stockzoa.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content available on stockzoa.com, or relating to the use of, or inability to use, stockzoa.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Blackstone is the largest landlord in the U.S. as well as the largest real estate company worldwide, with a portfolio worth $325 billion. 1) EQ Office EQ Office was founded in 1976. The US-based private equity major has already kick-started the process of listing the proposed REIT by integrating and preparing its portfolio of mall properties . The SunGard transaction is also notable in the number of firms involved in the transaction, the largest club deal completed to that point. List of top Apollo Portfolio Companies - Crunchbase Hub Profile Hub Apollo Portfolio Companies Overview Parent Organization Apollo Number of Organizations 68 CB Rank (Hub) 38,334 Number of Founders 93 Average Founded Date Nov 3, 1997 Percentage Acquired 21% Percentage of Public Organizations 31% Number of For-Profit Companies 64 Clarus Ventures LLC Blackstone Alternative Solutions L.L.C. blackstone inc: 38,236,401 +1,750,719: $4,853,728: bx: 38,236,401 +1,750,719: $4,853,728: waste mgmt inc del: 30,615,210 +673,451: $4,852,507: wm: 30,615,210 +673,451: $4,852,507: activision blizzard inc: 60,540,901-840,362: $4,849,935: atvi: 60,540,901-840,362: $4,849,935: aon plc: 14,259,360-131,227: $4,643,277: aon: 14,259,360-131,227: $4,643,277: ford mtr co del : DASH. The firm focuses on friendly investments in large capitalization companies. Check Out What's New in Uber's Redesigned App, The job cuts by companies like Uber and GM targeting low performers show CEOs are taking a hard-line approach to management, Airbnb say that it might ban people associated with prohibited guests, 'It All Adds Up': Uber to nudge passengers with government energy-saving campaign, CBDCs and Privacy Are Not Mutually Exclusive: ConsenSys Exec, Rivian sticks to 50,000 vehicle production target for 2023, Rivian tells staff EV output may be 24% more than forecast. Contact our team. News. Since September 2018 he has been Managing Director and Vice Chairman of the global investment-management firm PIMCO.. } else { [169], In 1990, Blackstone created a fund of hedge funds business to manage internal assets for Blackstone and its senior managers. In August 2021, the merger of two Blackstone portfolio companies, Vungle and Liftoff, was announced. Blackstone will pay US$6.6 billion for 90% of shares outstanding. what if germany didn't invade russia. Blackstone acquired Prime Hospitality[54] and Extended Stay America in 2004. In March 2018, Blackstone's Strategic Capital Holdings Fund invested in, In March 2018, the company's Strategic Capital Holdings Fund announced an investment in, In September 2018, the company acquires control of. In October 2018, Blackstone announced to buy Clarus. var isexpanded = new Array(); How much aggregate funding have these organizations raised over time? Over the past several months, Blackstone and our portfolio companies have been supporting COVID-19 relief measures in the communities where we live and work. } I compiled this list of corporate events from the company's portfolio page and news release page. The firm prefers to invest in private equity, real estate, public debt, equity, non-investment grade credit, real assets, and secondary funds. Blackstone brought in five professionals, led by Howard Gellis from Nomura Holding America's Leveraged Capital Group to manage the business. Blackstone has made 132 acquisitions and 209 investments. On February 14, 2022 Crown Resorts accepted Blackstone's takeover offer. The company restructured its debt in 2010. The Blackstone Groups largest (disclosed) exit occurred in 2019 when it sold Refinitiv for $27.0B. Blackstone Inc. Blackstone Alternative Credit Advisors LP Blackstone Management Partners L.L.C. The firm prefers to invest in private equity, real estate, public debt, equity, non-investment grade credit, real assets, and secondary funds. Premium Blackstone is in the process of taking three portfolio firms public, including a US listing for an IT services firm.bloomberg 2 min read. [4]:144147 He left Blackstone in 1999 to start his own private equity firm, Heartland Industrial Partners, based in Greenwich, Connecticut. [162][163], After the 20072010 subprime mortgage crisis in the United States, Blackstone Group LP bought more than $5.5 billion worth of single-family homes to rent, and then be sold when the prices rise. } else { Last Updated: July 20, 2022. Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with $400,000 in seed capital. All rights reserved. The transaction represented one of the first large club deals completed since the collapse of the Dot-com bubble. Marine Spares Engine Mak Wartsila,DEUTZ PIELSTICK NOHAB MAN,ABC BERGEN Crossely FIAT,RUSTON SULZER BLACKSTONE etc,WARTSILA 6L20Crankshaft WARTSILA 9R32 Crankshaft ,WARTSILA 8R32 8M20 Crankshaft.,PURIFIER HYDRAULIC PUMP & MOTORs,Turbochargers ETc.,, . Who is the top investment company?BlackRock. Their last reported 13F filing for Q4 2022 included $3,191,567,492,438 in managed 13F securities and a top 10 holdings concentration of 17.16%. Probably Another Veil, Blackstone, Wellspring to acquire Performance Food Group in $1.3bn deal, "Byron Allen's Company Buys Weather Channel for $300 Million", "Anheuser-Busch Inbev and Blackstone announce completion of sale of Busch Entertainment Corporation", "Merlin Entertainments Gains on Debut After $1.5 Billion IPO", "Merlin Entertainments shares rise on London stock market debut", "Over and out: Dynegy and Blackstone call it quits", "Blackstone Said to Acquire Centro's U.S. Shopping Centers for $9.4 Billion", "Blackstone Sells Rest of Stake in Shopping-Center REIT Brixmor", "Blackstone Completes Acquisition of Emdeon", "Blackstone agrees to hand over Jack Wolfskin to lenders", "WHEW: Blackstone Almost Bought Knight Capital Before Its Stock Collapsed", "Accor to Sell Motel 6 to Blackstone for $1.9 Billion", "Blackstone Announces Closing of Vivint Transaction", "Nortek to Acquire 2Gig for $135M, Fold into Linear Security", "Blackstone drops out of race to buy Dell", "First Potomac Realty Trust Completes Sale Of Industrial Portfolio For $259 Million", "StonebridgeCarras to transform industrial park opposite Potomac Yard", "Blackstone Announces Strategic Investment in ThoughtFocus Technologies", "Blackstone Closes Acquisition of Strategic Partners from Credit Suisse", Versace deal with Blackstone values group at 1 billion euros, "Versace Sells Minority Stake to Blackstone", "Blackstone grants $4 million to create Colorado entrepreneurs network", "Deutsche Bank sells casino to Blackstone for $1.7 billion", "Vine Oil & Gas and Blackstone Energy Partners to Acquire Shell's Haynesville Assets", "Blackstone Announces Sale of Gold Fields House in Sydney to Dalian Wanda Group", "Blackstone Completes Acquisition of Excel Trust", "Blackstone to Sell GCA Services Group to Thomas H. Lee Partners and Goldman Sachs", "Blackstone Completes Acquisition Of BioMed Realty Trust", "Blackstone Sells 4 Office Towers To Douglas Emmett For $1.34B", "Leading Music Rights Organization SESAC to Be Acquired by Blackstone", "Blackstone to Buy Aon's Human Resources Outsourcing Platform for $4.3 Billion", "Alight, formerly part of Aon Hewitt, seeks to expand its cloud services portfolio", "Buyout fund Blackstone buys The Office Group valuing it at $640 million", "Pure Industrial Real Estate Trust enters into definitive agreement to be acquired by Blackstone for $8.10 in cash per unit in a $3.8 billion transaction", "Thomson Reuters Sells Stake in Unit to Blackstone-Led Group", "Blackstone Real Estate Income Trust Acquires $1.8 Billion Canyon Industrial Portfolio", "Blackstone Group Buys 22M SF Industrial Portfolio For $1.8B", "Blackstone to Make Strategic Minority Investment in Rockpoint", "Kohlberg Announces Strategic Investment by Blackstone", "Blackstone to Acquire 1 billion Majority Stake in Luminor Through a Corporate Partnership", "Thomson Reuters closes deal with Blackstone", "Blackstone to Buy Clarus as It Jumps Into Life Sciences", "Yankee Global Enterprises with Strategic Partners Sinclair and Amazon Acquire YES Network from Disney", "Yankees partner with Amazon, Sinclair, and Blackstone to buy YES Network", "Blackstone acquires 51% stake in Essel Propack - Exchange4media", "Sudhanshu Vats Appointed CEO And MD At Essel Propack", "Blackstone joins 5.9B deal to take Legoland owner private", "Blackstone Announces Agreement to Acquire Vungle, a Leading Mobile Performance Marketing Platform", "Blackstone to Buy 65% of Park Operator Great Wolf Resorts", "Blackstone Takes Controlling Stake in Owner of Dating App Bumble", "Blackstone bets $167 mn more on Future Group's fashion business", "Blackstone Real Estate Income Trust Completes Acquisition of Bellegio from MGM Resorts International", "Blackstone to invest $400 million in gene therapy venture with Ferring", "Blackstone to Buy Majority Stake in Software Company HealthEdge", "Blackstone wraps up $700M deal for HealthEdge", "Activists sour on Oatly vegan milk after stake sold to Trump-linked Blackstone", "Is There No Ethical Oat Milk Consumption Under Capitalism? Team: Portfolio Operations / Data Science. A portfolio company is a company (public or private) that a venture capital firm, buyout firm, or holding company owns equity. Clarus Ventures LLC Blackstone Alternative Solutions L.L.C. Since 1984, we have completed more than 940 primary and add-on investments across a broad array of investment types, business life cycles, industries and geographies. Ltd. On November 18, 2019, Blackstone Real Estate Income Trust, Inc. acquired the, On November 25, 2019, Reuters reported that Blackstone planned to invest $400 million in a. Blackstone's Portfolio Operations Group is a team of dedicated executives and advisors with decades of combined operational experience and expertise, who together form a world-class operating platform that partners with Blackstone's investment and portfolio company management teams to advise and support the . .mainrow { background-color: #FFFFEE; padding-top: 3px; padding-bottom: 3px; padding-left:0; padding-right:3px; border-top: 1px dotted #666666; } Blackstone Credit served as lead lender and provided $1.24 billion of a $1.36 billion first lien senior secured financing package (consisting of a $1.165 billion first lien term loan, $75 million delayed draw term loan and a $120 million revolver) to support the recapitalization of Unified, a portfolio company of Altas and Ares. [166], In 2018, a critique was raised regarding a purchase agreement on several hundred apartments in Frederiksberg, Denmark, between Blackstone's Danish partner North 360 and Frederiksberg Boligfond, a non-profit housing organization established by Frederiksberg Municipality in 1930. Motel 6 is based in the United States and Canada. Details: Partial list of Blackstone investors LP Type New York State Common Retirement Fund Public PF California Public Employees' Retirement System (CalPERS) Public PF Farmers Insurance Group of Companies Insurance Farmers Mutual Hail Insurance Company Insurance National Retirement Fund Taft-Hartley. AUM: $3.518 trillion. The Blackstone Group was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman. Hilton Worldwide was previously known as Hilton Hotels Corporation from 1919 to 2009. ", Last edited on 28 February 2023, at 21:29, Teachers Insurance and Annuity Association, Blackstone to Acquire Nucleus Network, Australia's Largest Phase One Clinical Trials Specialist, List of outdoor industry parent companies, https://companiesmarketcap.com/kohlberg-kravis-roberts/revenue/, "Blackstone Group Inc 2021 Annual Report (Form 10-K)", "Blackstone Reports Third Quarter 2022 Results", Private equity power list: #1 The Blackstone Group, "English Translation of "schwarz" | Collins German-English Dictionary", "petro-, petr-, petri-, peter- - Word Information", "Strong's Greek: 4074. [4]:148155, Blackstone Real Estate Advisers, its real estate affiliate, bought the Watergate complex in Washington D.C. in July 1998 for $39 million[41] and sold it to Monument Reality in August 2004. [76], On June 21, 2007, Blackstone became a public company via an initial public offering, selling a 12.3% stake in the company for $4.13 billion, in the largest U.S. IPO since 2002.[77][78]. In March 2019, Blackstone purchased, with, In April 2019, Blackstone acquired a majority stake in the, In June 2019, Blackstone announced it had teamed with the Canada Pension Plan Investment Board and KIRKBI to buy Merlin Entertainment, the owners of. Other notable investments that Blackstone completed in 2008 and 2009 included AlliedBarton, Performance Food Group,[79][80] Apria Healthcare and CMS Computers. Address: Alnoumani generators, power station, blackstone, machines. In December 2008, Blackstone announced that Kailix would be spun off to its management team to form a new fund as an independent entity backed by Blackstone. Also, at the time of its announcement, SunGard would be the largest buyout of a technology company in history, a distinction it would cede to the buyout of Freescale Semiconductor. For a full list of all Bain Capital Private Equity investments, click here. In doing so, he has . [56] La Quinta Inns & Suites was spun out for IPO in 2014 and was later acquired by Wyndham Hotels & Resorts[57]. [81], In December 2009, Blackstone acquired Busch Entertainment Corporation from Anheuser-Busch InBev for $2.9 billion. "Schwarz" is German for "black"; "Peter", "Petros" or "Petra" ( and , the masculine and feminine rendering of the word, respectively), in Greek means "stone" or "rock". Blackstone Group on November 15, 2019, invested $167 million in the holding company of Future Lifestyle Fashions Ltd., Ryka Commercial Ventures Pvt. Blackstone followed these investments with the acquisition of La Quinta Inns & Suites in 2005. 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. (Petros) -- "a stone" or "a boulder," Peter, one of the twelve apostles", "Blackstone's Chief Has a Warning for Wall Street's Entrepreneurs", A Big Fund Ready to Capitalize on Hard Times, CNW Accepts Buyout Bid From Blackstone Group, 2 Wall Street Firms Join To Buy Savings Units, "Stephen Schwarzman And Blackstone: Wall Street's Unstoppable Force", "U.S. Mergers Firm Is Forming British Link", Prime to Sell Interest in Inns to Blackstone, U.S. Mergers Firm Is Forming British Link, "WHO THE HELL IS HENRY SILVERMAN? Motel 6 also operated Studio 6. The Vanguard Group. Blackstone works hand in hand with portfolio companies, empowering them with tools and insights from across the portfolio to help strengthen their businesses. List of Revantage, A Blackstone Portfolio Company employees Search and validate emails & phone numbers from 472 Revantage, A Blackstone Portfolio Company employees Sign Up to Get Free Contacts Sign Up Revantage, A Blackstone Portfolio Company Employees 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12 , 13 , 14 , 15 , 16 In 2019, a United Nations report found that Blackstone's massive purchasing of single-family homes after the financial crisis of 20072008 had "devastating consequences. The report also condemned Blackstone for "using its significant resources and political leverage to undermine domestic laws and policies that would in fact improve access to adequate housing." Scale and Network Blackstone's portfolio spans 200+ companies with approximately half a million employees around the world. Blackstone is a member of the Real Estate Roundtable, a special interest group which spends millions on lobbying and political donations every year. ft of office and co-working portfolio for $2 billion. Here are some of the companiesthat Blackstone owns. Its largest (disclosed) acquisition occurred in 2021 when it acquired Medline Industries for $34.0B. Since 1976, we have made the following private equity investments: 2022 123Dentist Accell Group Advanced Navigation Advanta Seeds Albioma Alchemer Alliance Pharma Apex Analytix Barracuda Networks Biosynth Boasso Global Brightline, Inc. Central Tank Terminal Contabo Contour Global Cordia Energy (fka Clearway Community Energy) CyrusOne, LLC The combined entity created one of the largest credit platforms in the alternative asset management business, with over $21 billion under management. Before the Blackstone group was founded, both, Peter and Stephen worked together at Lehman Brothers. New York City-based Warburg Pincus was founded in 1966. 2) Hilton Worldwide. Top 5 stock holdings are CQP , GTES , ET , MPLX , CRBG , and represent 48.14% of Blackstone's stock portfolio. Since going public in 2007, Blackstone has multiplied eightfold the equity capital it devotes to real estate, to $163 billion. The below list includes all current and former portfolio companies managed by Bain Capital Private Equity. 6,428,927. means any Person (other than Seller, the Company and their respective Subsidiaries) in which any Blackstone Fund or Blackstone Account makes an investment from time to time (other than another Blackstone Fund or Blackstone Account) or which is an underlying or reference asset of any derivative security or other financial In June 2021, Blackstone agreed to buy Home Partners of America, a company that rents single-family houses, and its 17,000 houses, for $6 billion. The ICO Companies, a sister company to Ivory Homes, Utahs Largest Homebuilder for 31 years. Blackstone's most notable real estate investments have included EQ Office, Hilton Worldwide, Trizec Properties, Center Parcs UK, La Quinta Inns & Suites, Motel 6, Wyndham Worldwide, Southern Cross Healthcare and Vicinity Centres. The Hilton deal, announced on July 3, 2007, is often referred to as the deal that marked the "high water mark" and the beginning of the end of the multi-year boom in leveraged buyouts. British Venture Capital Association (BRVCA), Principles for Responsible Investment (PRI), Evoqua Water Technologies (Carbon Reactivation and Slurry Services Business), Co-Founder, Chief Executive Officer & Chairman, President, Chief Operating Officer, Board Member, Member of the Management Committee & Member of the Investment Committee, Chief Financial Officer & Member of Management & Investment Committee, Global Head of Infrastructure & Senior Managing Director, Youre viewing 5 of 1,903 investments and acquisitions. In September 2019, Blackstone announced it agreed to purchase 65% controlling interest in, On November 8, 2019, Blackstone Group acquired a majority stake in MagicLab, the owner of dating app. Because Blackstone is a public company, you can buy shares on the New York Stock Exchange under ticker BX. Blackstone disputed these claims. Summary: Blackstone Inc (Blackstone) is a global investment firm that provides a range of asset management and capital markets services Detail: https://www.globaldata.com/company-profile/the-blackstone-group-inc/ 22 Blackstone Inc - Company Profile and News - Bloomberg Markets Author: bloomberg.com Published: 01/05/2022 Review: 1.89 (132 vote) In 1987 Blackstone entered into a 5050 partnership with the founders of BlackRock, Larry Fink (current CEO of BlackRock), and Ralph Schlosstein (CEO of Evercore). The company was valued at US$1.2 billion. Trading and portfolio management software for capital markets industry. Look across Blackstones private equity portfolio and the firm seems to be sitting on a gold mine of similar dealmaking coups in companies involving digital payments, cloud software and data. [14], In March 2008, Blackstone acquired GSO Capital Partners, a credit-oriented alternative asset manager, for $620 million in cash and stock and up to $310 million through an earnout over the next five years based on earnings targets. This may signal that the smart money is gaining interest in this company as . [85], Blackstone operates through four primary departments: private equity; real estate; hedge funds; and credit. AUM: $2.530 trillion. [17][18], The firm advised CBS Corporation on its 1988 sale of CBS Records to Sony to form what would become Sony Music Entertainment. [37] In 1998, Blackstone sold a 7% interest in its management company to AIG, valuing Blackstone at $2.1 billion. [168] The move caused investor consternation and limited the ability to attract new capital for BRIET. [14][15], As the business grew, Japanese bank Nikko Securities acquired a 20% interest in Blackstone for a $100 million investment in 1988 (valuing the firm at $500 million). At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. Blackstone leverages that capital by taking out mortgages, so the . Blackstone was a net seller of stock by $-2.8B. Tripzec Properties was originally a Canadian Company. Real assets: Real estate and infrastructure. Courtesy of Warburg Pincus. The core focus of the team is to prepare, evaluate, analyze, and summarize portfolio performance on a fund and investment basis - activities which are critical to supporting the . Blackstone Credit provided $1.9 billion (2) of a $2.85 billion first lien facility (consisting of a $2.65 billion first lien term loan and $200 million revolver) to support the acquisition of The Dovel Group by Guidehouse , a Veritas portfolio company, and pay a shareholder dividend In the last 3 years, The Blackstone Group has exited 26 companies. In January 2008, Blackstone made a small co-investment alongside TPG Capital and Apollo Management in their buyout of Harrah's Entertainment, although that transaction had been announced during the buyout boom period. Blackstone's largest transaction, the $26 billion buyout of Hilton Hotels Corporation occurred in 2007 under the tenure of Hilton CFO Stephen Bollenbach. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. This list of organizations invested in by BlackRock provides data on their funding history, investment activities, and acquisition trends. During the financial crisis of 20072008, Blackstone managed to close only a few transactions. Our funds and our performance may be adversely affected by inaccurate financial projections of our funds portfolio companies, contingent liabilities, counterparty defaults or forced disposal of investments at a disadvantageous time.