Investing in a portfolio company aims to increase its value and earn a return on investment through a sale. Epicor Software, a company that was backed by the KKR investment group, completed a $1.9 billion deal, and Radiate Holdco, a TPG Capital-owned company, did a $2.6 billion deal, according to S&P. [172][173], The company has invested in companies with links to the commercialization and deforestation of the Amazon rainforest.[174][175][176][177]. [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. How much aggregate funding have these organizations raised over time? The firm prefers to invest through means of buyouts, debt, mergers, acquisitions, mezzanine, and growth capital. Their most recent investment was on Feb 27, 2023, when Wiz raised $300M. [180], United Nations condemnation of the Invitation Homes project and lobbying efforts, Sorkin, Andrew Ross and Flynn, Laurie J. 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. Blackstone. list of blackstone portfolio companies . height: 20px; 100 % ** floating rate * At fair value as of December 31, 2022 ** Based on corporate lending portfolio. ", "Blackstone snaps up Ancestry.com in $4.7bn deal", "Blackstone buys Takeda's over-the-counter business for $2.3bn", "Blackstone will invest close to $400 million in mobile app marketer Liftoff", "Butlin's owner Bourne Leisure slumps to loss as pandemic takes toll", "Blackstone Bids to Buy Australia's Crown Resorts", "Blackstone rolls the dice with $6.2 billion move on Australia's Crown Resorts", "Hasbro to Sell EOne Music Unit to Blackstone for $385 Million - BNN Bloomberg", "MGM Resorts International Announces Agreements To Purchase Infinity World's 50% Interest In CityCenter And Monetize CityCenter Real Estate Assets", "AIG to sell life and retirement unit stake to Blackstone, another with IPO", "Liftoff and Vungle Merge: 2 Top-Ten Mobile Ad Networks Owned By Private Equity Fund Blackstone Combine Forces", "Blackstone buys majority stake in SPANX, Inc", "Blackstone to Acquire Nucleus Network, Australia's Largest Phase One Clinical Trials Specialist", "Australia's Crown Resorts backs US$6.3 billion Blackstone buyout offer", "Crown Resorts Finalizes $6.6B Blackstone Group Acquisition", "Blackstone to buy American Campus Communities for nearly $13 billion", "Blackstone Is Buying PS Business Parks for $7.6 Billion", "Blackstone, Emerson Electric Strike $14 Billion Buyout Deal", "Emerson selling climate technologies in $14B deal", "Blackstone buys security firm Vivint for over $2 billion", Blackstone Real Estate Investment Portfolio, "Blackstone to Buy Stakes in Apartment Complexes From GE Unit", "Blackstone to Sell California Office Buildings for $3.5 Billion", "Blackstone traekker sig fra omstridt ejendomhandel (Blackstone withdraws from disputed real estate trade)", "Blackstone's BREIT slump looks nasty but not fatal", "Blackstone Just Limited Withdrawals From REIT", "Blackstone to acquire GSO Capital, buy back shares", "Blackstone to Buy Hedge Fund to Strengthen Credit Operations", "Motel 6 to pay $7.6 million for giving guest lists to U.S. immigration", "Motel 6 pays $12 million for sharing guest lists with U.S. immigration: Washington AG", "A Top Financier of Trump and McConnell Is a Driving Force Behind Amazon Deforestation", "Warren says Blackstone worsening climate change in new private equity salvo", "The Finance 202: Elizabeth Warren is escalating attacks on private equity. activities, notable investors of these companies, their management team, and recent news are also included. The purchase and subsequent IPO of Southern Cross led to controversy ICO Companies Office: 3401 N. Center St. Suite 300 Lehi, UT 84043. ( NYSE: BXSL) Q4 2022 Earnings Conference Call February 27, 2023 9:30 AM ET Company Participants Michael Needham - Head of Investor Relations Brad Marshall -. The company offers investors 1 mutual funds, in terms of the number of individual fund symbols. This may signal that the smart money is gaining interest in this company as . Separately, in the largest real estate transaction in India, Brookfield bought 12.8 million sq. Combined Holding Report Includes: The current portfolio value is calculated to be $39.65 Bil. Blackstone works hand in hand with portfolio companies, empowering them with tools and insights from across the portfolio to help strengthen their businesses. [4]:144147 He left Blackstone in 1999 to start his own private equity firm, Heartland Industrial Partners, based in Greenwich, Connecticut. Would you like to be notified? [56] La Quinta Inns & Suites was spun out for IPO in 2014 and was later acquired by Wyndham Hotels & Resorts[57]. Define Blackstone Portfolio Company. function expandRow(from,plus) { Following the acquisition, Blackstone merged GSO's operations with its existing debt investment operations. 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 . [4]:145146, Blackstone's investments in telecommunications businessesfour cable TV systems in rural areas (TW Fanch 1 and 2, Bresnan Communications and Intermedia Partners IV) and a cell phone operator in the In November 2015, the company agreed to sell facility management firm GCA Services Group to. 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. Blackstone is an investment and advisory firm providing financial solutions for investors and clients. A portfolio company is a company (public or private) that a venture capital firm, buyout firm, or holding company owns equity. 2 2.List of top Blackstone Group Portfolio Companies - Crunchbase Hub . Which investors participated in the most funding rounds within this hub? We work to identify, invest in and enhance the value of great businesses. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. [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. [17][18], The firm advised CBS Corporation on its 1988 sale of CBS Records to Sony to form what would become Sony Music Entertainment. Blackstone brought in five professionals, led by Howard Gellis from Nomura Holding America's Leveraged Capital Group to manage the business. Job Description: Blackstone's Portfolio Management group is looking for an Associate within its Portfolio Insights team. It is a private company of hospitality and has a chain of budget motels. [83][84], In August 2010, Blackstone announced it would buy Dynegy, an energy firm, for nearly $5 billion; however, the acquisition was terminated in November 2010. Hilton Worldwide was previously known as Hilton Hotels Corporation from 1919 to 2009. In the last 3 years, The Blackstone Group has acquired 35 companies.It has also invested in 11 others.. Best Workplaces in New York - 2022 The companies on this year's list stand out for ce. Blackstone's investment in Allied was one of its largest at that point in the firm's history. what companies does blackstone own . The ICO Companies, a sister company to Ivory Homes, Utahs Largest Homebuilder for 31 years. It has almost 80 different offices and it was founded by Sam Zell. Nikko's investment allowed for a major expansion of the firm and its investment activities. Do Too Many Cooks Spoil the Takeover Deal? [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. The transaction represented one of the first large club deals completed since the collapse of the Dot-com bubble. In May 2014, Blackstone Group acquired the, In August 2014, Blackstone Energy Partners acquired, In January 2015, Blackstone Real Estate Partners VI announced it would sell a. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. Blackstone Inc. Blackstone Alternative Credit Advisors LP Blackstone Management Partners L.L.C. (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? Trading and portfolio management software for capital markets industry. News. Blackstone Group Inc's top holdings are Cheniere Energy Partners LP (US:CQP) , Gates Industrial Corporation plc (US:GTES) , Energy Transfer LP (US:ET) , MPLX LP (US:MPLX) , and Enterprise Products Partners L.P. (US:EPD) . 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 Will Put $1.35 Billion Into Blackstone, A trash hauler is buying a much bigger rival, a type of deal that makes Wall Street a bit nervous, "Blackstone Acquires Debt on 7 World Trade Center", Vivendi Finishes Sale of Houghton Mifflin To Investors, "At Blackstone, James Builds A Following", Blackstone Group May Purchase Auto Parts Business From TRW, Blackstone Buys Majority Stake in Columbia House, A Split-Up of Insurers of Bonds Is Considered, Capital Firms Agree to Buy SunGard Data in Cash Deal. It has almost 80 different offices and it was founded by Sam Zell. BREIT Portfolio | Blackstone Real Estate Income Trust Important Notice This site and the materials herein are directed only to certain types of investors and to persons in jurisdictions where Blackstone Real Estate Income Trust ("BREIT") is authorized for distribution. isexpanded[from] = !isexpanded[from]; On February 14, 2022 Crown Resorts accepted Blackstone's takeover offer. [164], In 2014, Blackstone sold Northern California office buildings for $3.5 billion. On July 15, 2019, Blackstone announced its plans to acquire Vungle Inc., a leading mobile performance marketing platform. Stockman led many key deals in his time at the firm, but had a mixed record with his investments. Together, we're making life better for more than 250,000 residents. [28] In 1993, Hospitality Franchise Systems acquired Super 8 Motels for $125 million. 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. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Blackstone portfolio company La Quinta Inns & Suites ranks #12 among large companies in The Dallas Morning News 2014 list of Top Places to Work. Here are some of the companiesthat Blackstone owns. The Blackstone Groups largest (disclosed) exit occurred in 2019 when it sold Refinitiv for $27.0B. Top Investor Types Accelerator , Venture Capital , Private Equity Firm. [47] In late 2002, Blackstone remained active acquiring TRW Automotive in a $4.7 billion buyout, the largest private equity deal announced that year (the deal was completed in early 2003). .putrow { background-color: #FFEEEE; font-size: 11px; font-style: italic; padding-right:3px; } Blackstone's largest transaction, the $26 billion buyout of Hilton Hotels Corporation occurred in 2007 under the tenure of Hilton CFO Stephen Bollenbach. ft of office and co-working portfolio for $2 billion. $25B deployed in 4Q, a firm record $62B Speaking on the firms third-quarter earnings call on Wednesday, chief financial officer Michael Chae said the private equity portfolio had fully retraced the 21.6 percent decline it experienced in the first quarter, with a Blackstone was originally formed as a mergers and acquisitions advisory boutique. Harvest Fund Advisors LLC Blackstone Tactical Opportunities Advisors L.L.C. Entrepreneurship Program, Government Office. [13], Blackstone also ventured into other businesses, most notably investment management. Founded in 1985, The Blackstone Group is a private equity firm based in New York, New York. [31][32][33], In 1995, Blackstone sold its stake in BlackRock to PNC Financial Services for $250 million. BY . [46], In 2002, Hamilton E. James joined global alternative asset manager Blackstone, where he currently serves as president and chief operating officer. Top 5 stock holdings are CQP , GTES , ET , MPLX , CRBG , and represent 48.14% of Blackstone's stock portfolio. Blackstone Inc. is an American alternative investment management company based in New York City. View more View less Blackstone is a company that sells mutual funds with $5,012M in assets under management. [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]. The information on this site is not intended to be, nor does it constitute, investment advice or recommendations. Blackstone leverages that capital by taking out mortgages, so the . AQNU. [38] In 1999, Blackstone partnered, together with Apollo Management to provide capital for Allied Waste's acquisition of Browning-Ferris Industries. In May 2011, Southern Cross, now independent, was almost bankrupt, jeopardizing 31,000 elderly residents in 750 care homes. Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with $400,000 in seed capital. [6][7][8] The two founders had previously worked together at Lehman Brothers. - 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. [23][24] Additionally, Blackstone and Silverman acquired a 65% interest in Prime Motor Inn's Ramada and Howard Johnson franchises for $140 million, creating Hospitality Franchise Systems as a holding company. 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. 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. Rocky Mountain states (CommNet Cellular) were among the most successful of the era, generating $1.5 billion of profits for Blackstone's funds. The recently unveiled national budget boosted capital spending by more than expected, adding to the excitement. Before the Blackstone group was founded, both, Peter and Stephen worked together at Lehman Brothers. This list may not reflect recent changes ( learn more ). Bauer is building a unique brand strategy and transformation practice for Blackstone's 250 portfolio companies, whose brands include Oatly, Spanx, Bumble and Supergoop. Learn More $132B Corporate Private Equity AUM $39B Available Capital to Invest 122 Portfolio Companies WHAT WE DO Goldman Sachs. Since going public in 2007, Blackstone has multiplied eightfold the equity capital it devotes to real estate, to $163 billion. list of blackstone portfolio companies. Which companies in this hub have the most subsidiaries? John Joseph Paul Studzinski, CBE (born March 19, 1956) is an American-British investment banker and philanthropist. var imgid = 'ocimg' + from; In February 2011, the company acquired Centro Properties Group US from, In November 2011, a fund managed by the company acquired medical biller, In late 2011, Blackstone Group LP acquired, In August 2012, Blackstone was part of a consortium that financed, In October 2012, the company acquired G6 Hospitality, operator of. Blackstone acquired the premium hotel operator for approximately $26 billion, representing a 25% premium to Hilton's all-time high stock price.