Blackstone has restricted withdrawals from its $79 billion Blackstone Private Credit fund after investor redemption requests surged to 10% in the second quarter, roughly $4.5 billion. The firm capped withdrawals at 5% of shares to manage liquidity amid heightened demand. This move reflects caution in handling investor exits in a non-traded business development company. Blackstone's shares rose 1.6% in premarket trading following the announcement.
Anthropic has launched Ode, a $1.5 billion AI implementation company formed through a joint venture with Blackstone, Hellman & Friedman, Goldman Sachs, and others. Ode builds on the acquisition of Fractional AI, focusing on deploying elite AI enginee...
Williams Companies secured a $5.34 billion investment from Blackstone for AI-driven Power Innovation projects, reducing its capital needs while retaining 51% ownership. CIBC adjusted its price target to $83, suggesting potential stock price upside fr...
Blackstone Inc. is viewed as a high-quality asset manager trading at a discounted valuation with a 3.8% dividend yield. The company benefits from favorable industry trends like rising inflation, global wealth growth, demographic changes, and AI infra...
