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.
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.
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 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.
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.
Private equity funds managed by Blackstone have agreed to acquire DESOTEC, a European environmental services company, from EQT.
Citi and Goldman Sachs provided debt financing for Blackstone’s acquisition of Interior Logic Group.
Centric Brands emerged from voluntary Chapter 11 proceedings. Sound Point Capital Management provided exit financing to the company, while Ropes & Gray, PJT Partners and Alvarez & Marsal served as legal, financial and restructuring advisors, respectively.
GSO Capital Partners committed $250 million in capital to Blackstone’s new portfolio company, ClearGen, which will finance and own distributed and sustainable energy infrastructure assets focused on commercial, industrial and institutional customers.
Vicki L. Fuller, former chief investment officer of the New York State Common Retirement Fund and AllianceBernstein executive, joined Blackstone/GSO Secured Lending Fund’s board of trustees.
Blackstone hired Christine Feng, a former senior executive at Amazon focused on mergers and acquisitions, to the firm as senior managing director.