How are IPOs trending over time in this hub? Reset Filters. He also serves on the firm's executive and management committees, and its board of directors. Since going public in 2007, Blackstone has multiplied eightfold the equity capital it devotes to real estate, to $163 billion. [30], 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). This year, 31 companies that primarily make their money in real estate made the listthat excludes such firms as Blackstone, which holds a global real estate portfolio it last valued at nearly . 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. GME Stock Split in 2023 [Things You Need to Know], Shopify Stock Split in 2023 [Everything You Need to Know], Publix Stock Split in 2023 [Things You Need to Know], Property Development and Management, Retail Property. Here are some of the companiesthat Blackstone owns. Blackstone's largest holding is Cheniere Energy Partners LP with shares held of 203,782,059. February 21, 2023 MidCap Financial Investment Corporation Reports Financial Results for the Quarter and Fiscal Year Ended December 31, 2022, and Increases Quarterly Base Dividend to $0.38 Per Share. ", 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. ABRY Communications. AUM: $6.1 trillion. Blackstone is also active in credit, infrastructure, hedge funds, insurance, secondaries, and growth equity. Goldman Sachs. [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). Blackstone has made 132 acquisitions and 209 investments. The fascinating story of how Blackstone gets its portfolio companies to work together begins from here. It has almost 80 different offices and it was founded bySam Zell. Bain and Blackstone narrowly beat out, Travelport, the parent of the travel website Orbitz.com, was acquired from, In October 2006 Blackstone, together with. Blackstone acquired Prime Hospitality[54] and Extended Stay America in 2004. 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. [9] Prominent investment banker Roger C. Altman, another Lehman veteran, left his position as a managing director of Lehman Brothers to join Peterson and Schwarzman at Blackstone in 1987, but left in 1992 to join the Clinton Administration as Deputy Treasury Secretary and later founded top advisory investment bank Evercore Partners in 1995. investors of these companies, their management team, and recent news are also included. The SunGard transaction is also notable in the number of firms involved in the transaction, the largest club deal completed to that point. [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. Define Blackstone Portfolio Company. 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). [20] That same year, Blackstone partnered with Salomon Brothers to raise $600 million to acquire distressed thrifts in the midst of the savings and loan crisis. In 2009, Blackstone purchased Busch Entertainment (comprising the Sea World Parks, Busch Garden Parks and the two water parks). How much aggregate funding have these organizations raised over time? This business evolved into Blackstone's marketable alternative asset management segment, which was opened to institutional investors. The investment giant has agreed to acquire Home Partners of America, owner of more than 17,000 homes across the U.S., for . Clarus Ventures LLC Blackstone Alternative Solutions L.L.C. Series A, Seed, Private Equity), Average of the Crunchbase Ranks of the organizations in this hub, Total number of funding rounds associated with this hub, Total funding amount raised across all funding rounds, Total number of acquisitions made by organizations in the hub, Total number of investments made by investors in this hub, Total number of lead investment firms and individual investors that invested in organizations of this hub, Total number of investment firms and individual investors that invested in organizations of this hub, Median number of investments made by investors in this hub, Median number of lead investments made by investors in this hub, Total number of people associated with this hub, Total number of events associated with this hub, Total amount raised at IPO of all the organizations associated with this hub, Median amount raised at IPO of all the organizations associated with this hub, Total valuation at IPO of all the organizations associated with this hub, Median valuation at IPO of all the organizations associated with this hub, Average date at which organizations in this hub went public, Percentage of organizations in this hub that have removed their stock from the stock exchange. Insights about top trending companies, startups, investments and M&A. } The firm seeks to invest through means of buyouts, debt, mergers, acquisitions, mezzanine, and growth capital. The partnership's first acquisition was a $295 million buyout of Prime Succession from GTCR. Blackstone Group has made 8 diversity investments. Founded in 1985, The Blackstone Group is a private equity firm based in New York, New York. Listed at $31 per share (on the NYSE), Blackstone became the first private equity firm to list shares in its management company on an exchange. .littlerow { background-color: #FFFFFF; padding-top: 2px; padding-bottom: 2px; padding-left:0; padding-right:3px; border-top: 1px solid #EEEEEE; font-family: Arial; font-size: 10px; } The current portfolio value is calculated to be $39.65 Bil. document.getElementById(imgid).src='https://www.holdingschannel.com/closed.gif'; This data is downloadable for data subscribers. Blackstone's largest transaction, the $26 billion buyout of Hilton Hotels Corporation occurred in 2007 under the tenure of Hilton CFO Stephen Bollenbach. In April 2022, Blackstone agreed to acquire the Austin-based, In April 2022, Blackstone announced that it would acquire, Reginald ("Reg") J. Investing in a portfolio company aims to increase its value and earn a return on investment through a sale. Changed name from The Blackstone Group, Aug. 6, 2021. Our portfolio companies reflect our deep sector focus and specialization. Top 5 stock holdings are CQP , GTES , ET , MPLX , CRBG , and represent 48.14% of Blackstone's stock portfolio. EQ Office was founded in 1976. View more View less Blackstone is a company that sells mutual funds with $5,012M in assets under management. 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. ft of Bengaluru-based RMZ Corp's 128 million sq. TS Imagine. In April 2014, Blackstone's charitable arm, the Blackstone Charitable Foundation, donated $4 million to create the Blackstone Entrepreneurs Network in Colorado. } else { 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. After two years of providing strictly advisory services, Blackstone decided to pursue a merchant banking model after its founders determined that many situations required an investment partner rather than just an advisor. Blackstone has invested in multiple sectors such as . [4]:221223, In 2007, Blackstone acquired Alliant Insurance Services, an insurance brokerage firm. Accuride. ( NYSE: BXSL) Q4 2022 Earnings Conference Call February 27, 2023 9:30 AM ET Company Participants Michael Needham - Head of Investor Relations Brad Marshall -. This list may not reflect recent changes ( learn more ). It was founded on the 18th of February in 1985. The average expense ratio from all mutual funds is 2.85%. Brown: independent director, This page was last edited on 28 February 2023, at 21:29. 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. Carlyle's Global Private Equity business is one of the world's largest and most diversified private equity platforms, spanning industries, geographies and strategies to deliver transformational results for our partnersmanagement teams, portfolio companies, and fund investors. Search By Name Geography Status Year Invested Sort by Order 1E Industry Technology Invested Jun 2021 Status Current Read More Abrigo Industry Technology Invested Jul 2021 Status Current Read More Accelerate Learning Industry Also, in 1996, Blackstone partnered with the Loewen Group, the second largest funeral home and cemetery operator in North America, to acquire funeral home and cemetery businesses. Blackstone acquired the premium hotel operator for approximately $26 billion, representing a 25% premium to Hilton's all-time high stock price. HE'S ALSO THE CEO WHOSE STOCK HAS BLOWN AWAY INTEL AND MICROSOFT SO FAR IN THE 1990S. Blackstone Group 's most notable exits include NCR , TaskUs , and Blue Yonder. What's the most common final funding type when companies get acquired? Blackstone leverages that capital by taking out mortgages, so the . [31][32][33], In 1995, Blackstone sold its stake in BlackRock to PNC Financial Services for $250 million. Experienced Solution Provider for Partners. The Vanguard Group. BlackRock's US $60 billion real assets teams helps our clients' meet their investment goals by providing a distinct range of well defined, outcome orientated strategies, along the investment risk-return spectrum, covering equity, debt and listed real assets globally. Entrepreneurship Program, Government Office. The oldest fund launched was in 2014. MPLX. Blackstone works hand in hand with portfolio companies, empowering them with tools and insights from across the portfolio to help strengthen their businesses. Both companies are in the mobile advertising space. AUM: $3.319 trillion. In August 2021, the merger of two Blackstone portfolio companies, Vungle and Liftoff, was announced. Blackstone's most notable transactions during this period included the following: In 2004, Blackstone had explored the possibility of creating a business development company (BDC), Blackridge Investments, similar to vehicles pursued by Apollo Management. list of blackstone portfolio companies. Posted on June 17, 2021 by June 17, 2021 by Guru Portfolio Report Download Blackstone Inc has disclosed 523 total holdings in their latest 13F filing with the SEC for the portfolio date of 2021-12-31. Blackstone Infrastructure Advisors L.L.C. More Info At dataromas.com This list of organizations invested in by Blackstone Group provides data on their funding history, investment activities, and acquisition trends. Their most recent investment was on Feb 27, 2023, when Wiz raised $300M. 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%. Blackstone claims $648 billion under management and employs over 2,400 staff. Blackstone Real Estate Advisors L.P. EQ Office was founded in 1976. [28] In 1993, Hospitality Franchise Systems acquired Super 8 Motels for $125 million. 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. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in . With that as its mission, the Blackstone Legal Fellowship is open to: The Blackstone Legal Fellowship is designed primarily for students who are completing their first year in law school. Before the Blackstone group was founded, both, Peter and Stephen worked together at Lehman Brothers. In December 2020, Blackstone invested nearly $400 million in Liftoff, a mobile advertising company. [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). CHNG. Blackstone Group will file the next quarterly 13-HR in about 3 months. - October 27, 1997", The Loewen Group and Blackstone Capital Partners form corporate venture to acquire Prime Succession, Loewen And Blackstone To Make Joint Purchase, Loewen Buys Big Cemetery, And Its Suitor Criticizes Deal, Red-Hot Revival in Real Estate; Overheating Is Feared With Surge in Vulture Investing, "Blackstone Group Creates Buyout Fund for $4 Billion", A.I.G. [4]:225 The involvement of seven firms in the consortium was criticized by investors in private equity who considered cross-holdings among firms to be generally unattractive. TRW's parent was acquired by Northrop Grumman, while Blackstone purchased its automotive parts business, a major supplier of automotive systems. 6,428,927. [4]:4556[5] The founders named their firm "Blackstone," using a cryptogram derived from the names of the two founders (Schwarzman and Peterson). The firm prefers to invest in private equity, real estate, public debt, equity, non-investment grade credit, real assets, and secondary funds. 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. [36] Also in 1997, Blackstone made its first investment in Allied Waste. 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. [45], With a significant amount of capital in its new fund, Blackstone was one of a handful of private equity investors capable of completing large transactions in the adverse conditions of the early 2000s recession. Prior to joining PIMCO, he was Vice Chairman of Investor Relations and Business Development and a Senior Managing Director at Number of Non-profit Companies 1. Western Midstream Partners L Com Unit Lp Int, Plains All Amern Pipeline L Unit Ltd Partn, Crestwood Equity Partners Unit Ltd Partner, Coupa Software Note 0.375% 6/1 (Principal), Fifth Wall Acquisitn Corp Ii Class A Ord Shs, Macondray Cap Acquisitn Corp Class A Ord Shs, https://www.sec.gov/Archives/edgar/data/1393818/0, Track 13F-HR Filings for Hedge Funds and Value Investors. [29] Silverman would ultimately leave Blackstone to serve as CEO of HFS, which would later become Cendant Corporation. [172][173], The company has invested in companies with links to the commercialization and deforestation of the Amazon rainforest.[174][175][176][177]. The industry is ready to fight back", "Norvergence reveals the real culprit of Amazon deforestation and wildfires", "Mandates of the Working Group on the issue of human rights and transnational corporations and other business enterprises and the Special Rapporteur on adequate housing as a component of the right to an adequate standard of living, and on the right to non-discrimination in this context", "Real Estate Roundtable Lobbying Profile", "UN accuses Blackstone Group of contributing to global housing crisis", https://en.wikipedia.org/w/index.php?title=Blackstone_Inc.&oldid=1142163022, In December 2005, Blackstone together with a group of firms, including, Blackstone completed the $37.7 billion acquisition of one of the largest owners of commercial office properties in the US. State Street Global Advisors. 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. The two founders, who had previously run the mortgage-backed securities divisions at First Boston and Lehman Brothers, respectively, initially joined Blackstone to manage an investment fund and provide advice to financial institutions. Blackstone Group is more likely to invest in rounds together with the following funds: 1 DJR Advisors 2 Jaakkoo-Taara Oy 3 POSCO Venture Partners Funds investing in following rounds These funds have a tendency to invest in the following rounds after Blackstone Group: 1 Apax-Patricof 2 Zheda Youchuang 3 ZWC Partners Funds with similar focus Courtesy of Warburg Pincus. How much aggregate funding have these organizations raised over time? ft of office and co-working portfolio for $2 billion. In July 2008, Blackstone, together with NBC Universal and Bain Capital acquired The Weather Channel from Landmark Communications for $3.5 billion. Other notable investments that Blackstone completed in 2008 and 2009 included AlliedBarton, Performance Food Group,[79][80] Apria Healthcare and CMS Computers. [56] La Quinta Inns & Suites was spun out for IPO in 2014 and was later acquired by Wyndham Hotels & Resorts[57]. Its name is derived from the Initials of three different groups that are Zeckendorf, Eagle Star, and Convent Gardens. 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. By clicking the button below, your credit card will be charged $24.00 USD (one time) and you'll have access to all Blackstone Group data for 90 days. tested every investment manager, the virtuous circle driving Blackstone's success - strong performance leading to investor trust and further growth - has continued to set our firm apart. During the buyout boom of 2006 and 2007, Blackstone completed some of the largest leveraged buyouts. } Series A, Seed, Private Equity), Average of the Crunchbase Ranks of the organizations in this hub, Total number of funding rounds associated with this hub, Total funding amount raised across all funding rounds, Total number of acquisitions made by organizations in the hub, Total number of investments made by investors in this hub, Total number of lead investment firms and individual investors that invested in organizations of this hub, Total number of investment firms and individual investors that invested in organizations of this hub, Median number of investments made by investors in this hub, Median number of lead investments made by investors in this hub, Total number of people associated with this hub, Total number of events associated with this hub, Total amount raised at IPO of all the organizations associated with this hub, Median amount raised at IPO of all the organizations associated with this hub, Total valuation at IPO of all the organizations associated with this hub, Median valuation at IPO of all the organizations associated with this hub, Average date at which organizations in this hub went public, Percentage of organizations in this hub that have removed their stock from the stock exchange. "Blackstone To Rationalize Single Manager Hedge Funds Businesses In Efficiency Move", The Blackstone Group to Acquire Prime Hospitality Corp, "Steve Bollenbach, hospitality executive, 1942-2016", Private-Equity Firm Sees Room for Value in Hotels, "Here's Why Wyndham Worldwide Just Bought La Quinta", Blackstone's Bid for Equity Office Prevails, Blackstone Alliance to Buy Chip Maker for $17.6 Billion, VNU Shareholders Reject $8.9 Bln Offer From KKR Group, VNU Agrees To Public Offer From Private Equity Group, "Blackstone Plans to Acquire Cendant Travel Services Unit", "Private-equity companies snap up United Biscuits in a 1.6bn deal", "Blackstone and PAI complete purchase of UB", "The Blackstone Group Has Completed Its Acquisition of a Controlling Interest in RGIS", "Biomet, Inc. to Be Acquired by Private Equity Consortium for $10.9 Billion or $44 Per Share in Cash", Blackstone to Buy Hilton Hotels for $26 Billion, Private Firms Use Closed-End Funds to Tap the Market, "KKR buys Alliant in 'pass the parcel' deal", Blackstone Founders Prepare to Count Their Billions, News Analysis Behind the Veil at Blackstone?
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