The big money firm is teaming up with Nvidia, Kuwait’s sovereign wealth fund, and Texas energy producer Vistra to build data centers.
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The group limited withdrawals to 5% at its flagship private equity fund after second-quarter redemption requests reached nearly 10%.
Last month, Coreweave, the largest independent neocloud company, reported its first-quarter revenue doubled to $2.1 billion.
Blackstone, already the world’s largest private owner of data centers, will provide an initial $5 billion investment.
The combined net worth of the US CEOs who joined President Donald Trump for a two-day summit in China is nearly $1 trillion.
OpenAI’s joint venture with private equity giants will turn some 2,000 portfolio companies into potential AI adopters.
The announcement follows similar plans by prominent asset managers like State Street, Apollo, KKR and Capital Group.
The new products will help RIA firms tailor investments to the needs of their advisors and end clients.
The announcement follows the introduction of a public and private ETF from State Street and Apollo last month.
Blackstone’s BXMT mortgage trust, on the other hand, is buckling under the weight of a pile of office loans gone bad.
The alternative investment giant may be on the verge of its first New York office building transaction in nearly three years.
Nearly 80% of advisors plan to allocate more assets into private markets this year — but it’s not always as easy as it sounds.
It’s understandable if you failed to notice one meaty if unglamorous trend on Wall Street: Private equity’s love affair with franchising.
Amid a strong earnings call, Blackstone announced that it is planning to take some of its portfolio companies public.
Blackstone partnered with fellow buyout expert Vista Equity Partners to take workplace software company Smartsheet private for $8.4 billion.