Blackstone Archives - ABFJournal

Blackstone Integrates Asset-Based Finance, Insurance and Corporate Credit Groups into Single Unit

Blackstone integrated its corporate credit, asset-based finance and insurance groups into a single new unit, Blackstone Credit & Insurance. The new structure is meant to accelerate growth by creating a more seamless experience for clients and borrowers.

Blackstone’s Asset-Based Finance Group to Provide $1.14B to Triad Financial Services

Triad Financial Services, a subsidiary of ECN Capital and a provider of financing solutions to manufactured housing dealers across the U.S., signed a letter of intent for $1.14 billion in financing from Blackstone’s asset-based finance group.

August 15, 2023 Blackstone | ECN Capital | Rob Camacho | Steve Hudson | Triad Financial Services Ian Koplin

Blackstone Closes Energy Transition Private Credit Fund at $7.1B

Blackstone closed its energy transition credit fund, Blackstone Green Private Credit Fund III (BGREEN III), which closed at its hard cap of $7.1 billion, representing the largest energy transition private credit fund ever raised, according to Blackstone.

August 11, 2023 Blackstone | Dwight Scott | Robert Horn Ian Koplin

Blackstone Completes Acquisition of Copeland, Formerly Emerson Climate Technologies

Blackstone completed the acquisition of a majority stake in Emerson’s climate technologies business in a transaction valuing the business at $14 billion. The new standalone business will be named Copeland.

Blackstone Acquires Cvent in $4.6B Transaction

Cvent Holding Corp., a meetings, events and hospitality technology provider, entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone in a transaction valued at an enterprise value of approximately $4.6 billion.

Blackstone Credit Launches Sustainable Resources Platform

Blackstone Credit launched a sustainable resources platform that will focus on investing in and lending to renewable energy companies and those supporting the energy transition.

January 24, 2022 Blackstone | Blackstone Credit | Dwight Scott | Robert Horn | Simon Hayden Ian Koplin

Domain Capital Serves as Lead Lender Supporting Blackstone’s Purchase of Allstate Life Insurance

Domain Capital Advisors, a subsidiary of Domain Capital Group, a private investment management services firm, served as the lead lender to Blackstone managed entities in its recent $2.8 billion purchase of Allstate Life Insurance Company and certain subsidiaries.

Blackstone Establishes Structured Finance Group, Pollack to Lead

Blackstone created a structured finance group, bringing together Blackstone Real Estate Debt Strategies (BREDS) and the firm’s various asset-backed finance activities. Jonathan Pollack, currently the global head of BREDS, was named global head of the structured finance group.

November 4, 2021 Blackstone | Jon Gray | Jonathan Pollack | Mike Wiebolt | Rob Camacho Ian Koplin

Blackstone Names Oron Senior Managing Director to Lead New Office in Israel

Blackstone hired Yifat Oron, previously the CEO of LeumiTech, to head the firm’s new office in Tel Aviv, Israel, as senior managing director. Oron will lead Blackstone’s growth and tech investments in Israel for Blackstone Growth and assist with other investing efforts.

Funds Managed by Blackstone Acquire DESOTEC

Private equity funds managed by Blackstone have agreed to acquire DESOTEC, a European environmental services company, from EQT.

March 19, 2021 Blackstone | DESOTEC | Jürgen Pinker | Mario Hertegonne Rita Garwood

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