KeyBank entered into a forward flow origination partnership with Blackstone Credit & Insurance focused on Key’s specialty finance lending (SFL) group, an asset-based lender serving clients across the U.S.
BNP Paribas Wealth Management and BNP Paribas Cardif formed a partnership with Blackstone to offer “Blackstone European Private Credit Fund,” a new unit-linked private debt-based account.
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.
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.
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.
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.
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 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.