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X @Bloomberg
Bloomberg· 2025-08-07 20:44
Blackstone's real estate trust for wealthy individuals tapped an interim chief executive officer after its top official was killed in the shooting at a New York City office tower last week https://t.co/ZUlqMdArHY ...
X @Bloomberg
Bloomberg· 2025-08-06 22:08
Reinsurance Venture - Blackstone is establishing a $1 billion reinsurance vehicle [1] - The vehicle will assume some of the risk on F&G Annuities & Life's books [1]
X @Bloomberg
Bloomberg· 2025-08-06 22:06
A Blackstone fund further cut the value of a private credit loan for Thoma Bravo-backed software company Medallia, the vehicle’s largest holding https://t.co/vpNKz2x7kU ...
X @Bloomberg
Bloomberg· 2025-08-06 20:36
Acquisition Financing - Blackstone is seeking approximately $3 billion in debt from private credit lenders to fund the acquisition of Enverus [1] Company Focus - Blackstone is in negotiations to acquire energy data firm Enverus [1]
F&G Annuities & Life Announces Strategic Partnership With New Reinsurer Backed by Blackstone Managed Funds
Prnewswire· 2025-08-06 20:25
Core Insights - F&G Annuities & Life, Inc. has launched a strategic partnership with a new reinsurance vehicle backed by Blackstone managed funds, with approximately $1 billion in anticipated capital commitments [1][2] - The partnership aims to provide long-term, on-demand growth capital to F&G through a forward flow reinsurance agreement on a quota share basis for certain fixed indexed annuity products, effective August 1, 2025 [1][2] - This structure allows F&G to efficiently manage its liabilities, reinsure a portion of its fixed indexed annuity sales, and enhance its capital-light model, which is central to its strategy [2] Company Strategy - The partnership with Blackstone is expected to help F&G fund a portion of its growth with participation from private, long-term capital providers, positioning the company to capitalize on market growth opportunities [3] - The transaction is anticipated to lead F&G towards a more fee-based, higher margin, and less capital-intensive business model, which is expected to positively impact the company's return on equity over time [3] Company Overview - F&G Annuities and Life, Inc. is a leading provider of insurance solutions, serving retail annuity and life customers as well as institutional clients, and is headquartered in Des Moines, Iowa [4]
X @Bloomberg
Bloomberg· 2025-08-06 12:02
Blackstone has agreed to an acquisition of Enverus that could value the energy data platform at more than $6 billion, people familiar with the matter said https://t.co/5iz2fGw9M4 ...
MannKind and Blackstone Announce up to $500 Million Strategic Financing Agreement
Globenewswire· 2025-08-06 11:10
Core Viewpoint - MannKind Corporation has entered into a strategic financing agreement with Blackstone, providing up to $500 million in non-dilutive capital to support its growth strategies and commercial initiatives [1][2]. Group 1: Financing Details - MannKind will receive an initial $75 million in cash at closing, with a total financing facility of up to $500 million [1]. - The financing includes a $125 million delayed draw term loan (DDTL) available over the next 24 months, and an additional $300 million uncommitted DDTL subject to mutual consent [2]. - The facility bears interest at a SOFR variable rate plus 4.75%, with potential increases based on leverage ratios, and matures in August 2030 without scheduled amortization payments [2]. Group 2: Strategic Implications - The funding will enhance MannKind's operational flexibility and support the expansion of its commercial team in anticipation of the pediatric indication for Afrezza, pending approval [2]. - The capital will also facilitate continued pipeline advancement and potential business development opportunities [2]. - Blackstone's involvement is expected to provide MannKind with access to a value creation platform and life sciences expertise, aiding in commercialization efforts [2]. Group 3: Company Overview - MannKind Corporation focuses on developing and commercializing inhaled therapeutic products for endocrine and orphan lung diseases [3]. - The company aims to address serious unmet medical needs through innovative dry-powder formulations and inhalation devices [4].
X @The Wall Street Journal
The Wall Street Journal· 2025-08-05 17:35
Many workers were returning to the office a week after a gunman stormed the building that houses Blackstone’s headquarters and shot and killed four people, including Wesley LePatner, one of the firm’s top real-estate executives https://t.co/6JCoDKKnZ5 ...
International Sensation “The Story of Marceau Miller” Gets English-Language Release with Blackstone Publishing
GlobeNewswire News Room· 2025-08-05 16:25
Core Insights - The Story of Marceau Miller is a literary thriller that has gained international acclaim and will be published in English on March 3, 2026 [1][2] - The novel, originally released in France in January 2025, has sold to twelve countries and is being adapted for film and TV by Gaumont [3] Company and Industry Summary - Blackstone Publishing is set to release The Story of Marceau Miller, marking its first translated work of fiction [5] - The acquisition deal was facilitated by Blackstone's Head of Foreign Rights and Senior Acquisitions Editor, Stephanie Koven, and Marleen Seegers from 2 Seas Agency [4] - Blackstone Publishing has a history of publishing bestsellers and is recognized as one of America's fastest-growing publishing houses [10] - The novel has been described as a captivating psychological suspense story, appealing to readers who enjoy complex narratives similar to those of Gillian Flynn [5] - In addition to The Story of Marceau Miller, Blackstone will also publish Marc-Uwe Kling's bestselling novel Views in May 2026 [5]
X @Bloomberg
Bloomberg· 2025-08-04 16:45
One week after a gunman killed one of its rising stars and put scores of employees on lockdown, Blackstone staffers return to the office https://t.co/6FA26XgZHM ...