Blackstone

Broadcom is negotiating with lenders, including Blackstone and Apollo Global Management, to raise between $60 billion and $80 billion in debt through a special-purpose vehicle. The financing, which could total up to $100 billion, will fund AI chip infrastructure for companies like Anthropic. This follows a $35 billion deal in June and reflects a broader trend of tech giants using debt markets to finance massive AI investments, with hyperscalers like Alphabet, Amazon, and Microsoft planning elevated spending through 2026.

8 reports · 3 sources · Updated Aug 28, 04:42 PM UTC

Nvidia CEO Jensen Huang announced partnerships with six major financial firms—Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR—to establish independent financing platforms that could mobilize over $500 billion in third-party capital for AI infrastructure. The initiative aims to fund Nvidia-based AI data centers, framing AI compute as a new asset class. While final agreements are pending, the move could accelerate AI buildout but raises concerns about sustainability and potential bubbles.

34 reports · 5 sources · Updated Aug 19, 01:25 PM UTC

Databricks, a San Francisco-based data and AI company, closed a $5 billion funding round on August 13, 2026, at a $190 billion valuation, up from $134 billion six months prior. Led by Coatue and including Blackstone, MGX, T. Rowe Price, and Sixth Street Growth, the round reflects sustained investor demand for AI. The company reported over $7 billion in annualized revenue with 80%+ year-over-year growth. Proceeds will fund AI agent products like Lakebase, Genie, and Unity AI Gateway. Databricks remains private, delaying an IPO due to abundant private funding.

6 reports · 2 sources · Updated Aug 13, 08:14 PM UTC

Nvidia has partnered with major Wall Street firms including Apollo Global, Blackstone, BlackRock, Brookfield, Goldman Sachs, and KKR to raise $500 billion for AI infrastructure, covering chips, data centers, and power generation. The initiative, potentially announced as early as Monday, aims to provide financing for Nvidia’s customers and accelerate AI development. The deal highlights growing private capital involvement in AI and signals strong investor confidence, though Nvidia shares dipped amid concerns over investment returns.

28 reports · 7 sources · Updated Aug 21, 10:37 PM UTC

Jersey Mike's, the New Jersey-based sub sandwich chain, raised $1 billion in its IPO, pricing shares at $23 on the NYSE under ticker JMKE, achieving a $7.3 billion valuation—below the $8 billion Blackstone paid for majority control in 2024. The chain operates over 3,300 locations in the U.S. and Canada, with $4.3 billion in system sales. Despite strong demand and being the largest U.S. consumer listing of the year, the IPO faced a Nasdaq correction and Fed turmoil.

15 reports · 2 sources · Updated Aug 2, 02:14 PM UTC

HSBC has finalized the sale of its A$36 billion (US$25.30 billion) Australian home and personal loan portfolio to Blackstone’s private credit unit, the largest-ever home loan portfolio sale. The deal, announced on July 31, 2026, is part of HSBC CEO Georges Elhedery’s global restructuring to exit non-core businesses, following earlier failed attempts to sell the entire Australian unit. HSBC has also pursued exits in Turkey, Indonesia, Sri Lanka, and Bangladesh.

6 reports · 2 sources · Updated Jul 31, 08:36 AM UTC

Jersey Mike's, the second-largest US sandwich chain, filed for an IPO on the NYSE under ticker 'JMKE' on July 2, 2026. The filing reveals 50% same-store sales growth from 2020-2025, $4.3 billion in system sales, and $55 million net income in 2025. Blackstone, which acquired a majority stake in 2024, backs the offering. The chain plans to expand to 7,500 US stores and 15,000 globally, including first UK locations in London by late 2026.

18 reports · 4 sources · Updated Jul 29, 06:03 PM UTC

Accor has signed a definitive binding agreement to sell its approximately 30.7% stake in hotel owner and operator Essendi (formerly AccorInvest) to a consortium comprising Blackstone and Colony IM. The total consideration is up to €975m ($1.1bn), including about €675m payable at closing and a possible earn-out of up to €300m. The deal, first disclosed via an MoU in April, involves converting Essendi's hotel portfolio into franchise contracts with an average term of 20 years, with all hotels continuing to operate under Accor brands. Accor stated the move aligns with its strategy to simplify and strengthen its business model. Completion is expected in Q4 2026, subject to regulatory approvals. Accor plans to return most proceeds to shareholders via an additional €500m share buyback program.

1 reports · 1 sources · Updated Jul 27, 11:11 AM UTC

Kuwait Oil Company (KOC), a fully owned subsidiary of Kuwait Petroleum Corporation (KPC), has signed a $16 billion lease-and-lease-back agreement with a consortium led by Blackstone, Brookfield, and KKR for its entire domestic and export pipeline network. The deal, named Project Peregrine, establishes a new Kuwaiti-incorporated joint venture in which KOC holds 51% and the consortium holds 49% equally. KOC will lease usage rights for all 13 pipelines spanning 320 km and lease them back for 20.5 years, retaining exclusive use and operational control. The transaction is the largest foreign direct investment in Kuwait's history and is expected to generate $7.85 billion in upfront proceeds for KOC, supporting KPC's capital expenditure plans including a target of 4 million barrels per day crude production by 2035. The agreement is subject to regulatory approvals and governed by Kuwaiti law.

1 reports · 1 sources · Updated Jul 27, 09:51 AM UTC

Kuwait Oil Company (KOC), a subsidiary of Kuwait Petroleum Corporation (KPC), has signed a $16 billion lease-and-lease-back agreement with a consortium led by Blackstone, Brookfield, and KKR for its entire domestic and export pipeline network. The deal, named Project Peregrine, establishes a new Kuwaiti joint venture in which KOC holds 51% and the consortium 49% equally split. KOC will lease usage rights for all 13 pipelines (spanning ~320 km) and lease them back for 20.5 years, retaining operational control. The transaction is the largest foreign direct investment in Kuwait's history, generating $7.85 billion in upfront proceeds for KOC to support KPC's capital expenditure plans, including a target of 4 million barrels per day crude production by 2035. The agreement is subject to regulatory approvals and governed by Kuwaiti law.

1 reports · 1 sources · Updated Jul 27, 09:51 AM UTC

Digital Realty Trust (NYSE: DLR) raised its 2026 Core FFO outlook after reporting record second-quarter results. Revenue rose 29% year-over-year to $1.92 billion, and Core FFO reached a record $2.65 per diluted share, up from $1.87 a year earlier. The company booked $306.9 million in annualized GAAP base rent and a record signed-but-not-started backlog of $1.9 billion. Two hyperscale leases signed in July added $410 million. Digital Realty increased its full-year Core FFO outlook excluding net promote to $8.15-$8.20 per share, from $8.00-$8.10. Portfolio expansion included a 64% interest in three Northern Virginia data centers with 288 megawatts of IT capacity, valued at $7.8 billion. The company also acquired 1,440 acres near Kansas City for $475 million, with plans for up to 2 gigawatts of utility power. Digital Realty ended June with 310 data centers and about 3.1 gigawatts of IT capacity, with total debt of $18.6 billion.

1 reports · 1 sources · Updated Jul 24, 02:51 PM UTC

Digital Realty Trust raised its full-year forecast for funds from operations (FFO) on July 23, 2026, citing resilient leasing momentum from cloud and AI customers. The Austin-based REIT now expects fiscal 2026 adjusted FFO of $8.15 to $8.20 per share, up from $8.00-$8.10, and raised annual revenue guidance to $6.85-$6.95 billion from $6.65-$6.75 billion. Second-quarter revenue surged 29% to $1.92 billion, beating estimates of $1.66 billion, while adjusted FFO of $2.65 per share far exceeded the $1.86 consensus. The company is expanding into new markets and acquiring a larger stake in three Northern Virginia data centers from Blackstone for $3.5 billion in cash and stock. Shares rose 3% in extended trading following the announcement.

1 reports · 1 sources · Updated Jul 23, 08:59 PM UTC

Brookfield has agreed to acquire Aypa Power from Blackstone-managed funds for an enterprise value of approximately $7 billion and an equity value of $3 billion. The deal marks Brookfield's entry into the North American battery energy storage market. Aypa Power, described as the largest stand-alone battery storage developer in North America, manages roughly 6.5GW of operating, under-construction, and contracted battery storage capacity across the US and Canada, with a development pipeline exceeding 20GW. The acquisition includes Aypa's project portfolio, development operations, and a team of about 200 employees. Brookfield noted that 95% of Aypa's operating and under-construction assets are secured under long-term contracts with investment-grade clients, averaging 17 years remaining. The transaction is subject to customary regulatory approvals. Cantor Fitzgerald & Co. and BofA advised Aypa and Blackstone, with legal counsel from Kirkland & Ellis, while Brookfield received legal advice from White & Case.

1 reports · 1 sources · Updated Jul 23, 02:40 PM UTC

Magic circle law firm Clifford Chance reported record annual results, with revenue surpassing £2.6bn for the first time, a 9% increase from £2.4bn the previous year. The growth was driven by strong momentum in private markets, including private equity, M&A, funds, restructuring, and private credit. The firm advised on private equity and M&A transactions totaling $300bn, including seven deals over $10bn each. Partnership profit exceeded £1bn for the first time, rising 11% to £1.05bn, while profit per equity partner climbed 9% to approximately £2.3m. Global managing partner Charles Adams attributed the results to client trust in cross-border matters. The firm also expanded its US presence, hiring 25 lateral partners and promoting 28 internally, with 15 based in the US, contributing to a 9% revenue increase in the US market.

1 reports · 1 sources · Updated Jul 22, 03:15 PM UTC

Blackstone President Jon Gray advises Gen Z workers to adopt a founder's mindset within corporate jobs to climb the ladder. However, the article notes a growing trend among Gen Z to bypass traditional corporate careers entirely and start their own businesses. This commentary piece, published by Fortune on July 22, 2026, contrasts Gray's advice with the reality that many young workers are increasingly choosing entrepreneurship over the corporate ladder, reflecting a shift in workplace values and career aspirations.

1 reports · 1 sources · Updated Jul 22, 02:41 PM UTC

Wellington Management, Vanguard, and Blackstone have launched the first two interval funds from their high-profile collaboration, aimed at giving individual investors simplified access to portfolios combining public and private markets. The WVB All Markets Fund integrates Wellington's active public equities, Vanguard's active fixed income and index strategies, and Blackstone's perpetual private markets platform, with allocations ranging from 25-40% private markets. The WVB Blackstone All Privates Fund provides single-allocation access to Blackstone's private equity, infrastructure, real estate, and credit strategies. The launch follows SEC filings and is part of a growing trend of joint ventures between traditional and alternative asset managers, with similar products from Capital Group/KKR already in the market. Industry experts expect this to accelerate the trend of public/private market asset blends in the interval fund space.

1 reports · 1 sources · Updated Jul 22, 12:45 PM UTC

Wellington Management, Vanguard, and Blackstone have launched the first two interval funds from their high-profile collaboration, aimed at giving individual investors simplified access to portfolios combining public and private markets. The funds are the WVB All Markets Fund, which blends Wellington's active equities, Vanguard's fixed income and index strategies, and Blackstone's private markets exposure (with allocations of 40-60% public equities, 15-30% fixed income, and 25-40% private markets), and the WVB Blackstone All Privates Fund, offering single-allocation access to Blackstone's private equity, infrastructure, real estate, and credit strategies. The launch, part of a broader trend of joint ventures between traditional and alternative asset managers, follows similar products from Capital Group and KKR. Industry analysts expect this to accelerate the development of public/private market blended investment vehicles.

1 reports · 1 sources · Updated Jul 22, 12:45 PM UTC

Jersey Mike's is preparing for a major IPO, potentially the second-largest restaurant IPO ever. The filing reveals plans to expand from 3,300 U.S. stores to 7,500 domestically and up to 15,000 globally, including 300 in Canada and 300 in the UK/Ireland. The chain emphasizes its high-protein menu, catering to protein-focused consumers and GLP-1 users. Founder Peter Cancro received a $41 million corporate jet in 2024, and his family members earned tens of millions from the business before the Blackstone acquisition. The IPO filing provides a detailed look at the company's growth strategy and leadership compensation.

1 reports · 1 sources · Updated Jul 22, 09:17 AM UTC

The article analyzes whether investors should buy Alphabet (GOOGL) stock before its Q2 2026 earnings report on July 22. Alphabet's stock is up 87% over the past year but down 14% from its May record high. Wall Street analysts are largely bullish, with a median target price of $440 per share, implying 27% upside from the current $346. The article highlights Alphabet's strong Q1 results, with revenue up 22% to $109.8 billion and operating earnings up 29% to $39.6 billion, driven by cloud computing and AI demand. Key factors for investors include Alphabet's cloud market share gains (14% in Q1 2026, up from 12% a year earlier), the popularity of Gemini AI models and TPUs, and a partnership with Blackstone for a new AI cloud company. The article advises monitoring management's commentary on capital expenditures, which are projected at $180-$190 billion for 2026.

1 reports · 1 sources · Updated Jul 21, 09:22 AM UTC

The article analyzes whether investors should buy Alphabet (GOOGL/GOOG) stock before its Q2 2026 earnings report on July 22. Alphabet's stock is up 87% over the past year but down 14% from its May record high. Wall Street analysts are bullish, with a median target price of $440 per share, implying 27% upside from the current $346. The article highlights Alphabet's strong Q1 results, including 22% revenue growth to $109.8 billion and 29% operating earnings growth. Key growth drivers are Google Cloud, which gained market share (14% in Q1 2026 vs 12% a year earlier), driven by AI demand for Gemini models and TPUs. Alphabet also announced a partnership with Blackstone for a new AI cloud company. Investors should watch management's commentary on capital expenditures, which are projected at $180-$190 billion for 2026.

1 reports · 1 sources · Updated Jul 21, 09:22 AM UTC

Alphabet (GOOGL) experienced a sharp 9% stock decline in mid-July 2026 following reports that its Gemini 3.5 Pro AI model is delayed, just days before its Q2 earnings report. The sell-off highlights investor anxiety over Alphabet's unprecedented $190 billion AI capital expenditure plan for 2026, which has forced the company to break a roughly 20-year habit by launching an $80 billion equity raise—its first major stock sale in two decades. Warren Buffett's Berkshire Hathaway contributed $10 billion. The article analyzes whether AI revenue, particularly from Google Cloud (which grew 63% to $20 billion), can outpace depreciation costs from massive infrastructure spending. Alphabet's custom TPU chips offer potential cost advantages over Nvidia, though adoption outside Google remains uncertain. Despite the drop, analysts maintain a Strong Buy consensus with an average price target of $438.

1 reports · 1 sources · Updated Jul 20, 03:06 PM UTC

Alphabet (GOOGL) experienced a sharp 9% stock decline on July 16-17, 2026, following reports of a delay in its Gemini 3.5 Pro AI model. The sell-off reflects investor anxiety over Alphabet's unprecedented $190 billion AI capital expenditure plan for 2026, which forced the company to break a 20-year habit by launching an $80 billion equity raise—its first major stock sale in two decades. Warren Buffett's Berkshire Hathaway contributed $10 billion. The article analyzes whether AI revenue growth, particularly from Google Cloud (which grew 63% to $20 billion last quarter), can outpace depreciation costs from massive infrastructure investments. Alphabet's custom TPU chips offer potential cost advantages over Nvidia, though adoption outside Google remains limited. Despite the sell-off, analysts maintain a Strong Buy consensus with an average price target of $438. The company reports Q2 earnings on July 22, 2026.

1 reports · 1 sources · Updated Jul 20, 03:06 PM UTC

Tropical Smoothie Cafe is experiencing growth driven by national marketing campaigns and enhanced franchisee support following its 2024 acquisition by Blackstone at a $2 billion valuation. The brand opened its 1,700th location in April 2026, with plans to reach 1,800 by year-end and over 900 stores in development. CEO Max Wetzel, appointed in 2024, consolidated media efforts, launching an 'Eat Some Good' campaign that boosted brand awareness by 19% year-over-year. Loyalty membership reached 12 million, a 25% increase. Franchisee Jim Breidenstein, who operates eight locations with three more in development, praised the brand's improved field support and streamlined opening process. Average unit volume was $978,298 in 2025, slightly down from 2024's $1 million but trending upward. The company focuses on food innovation and collaborations to attract health-conscious consumers, with only one corporate-owned store among over 1,700 locations.

1 reports · 1 sources · Updated Jul 20, 12:30 PM UTC

Blackstone, the world's largest alternative asset manager, has made a significant investment in Futronic, a South Korean supplier of high-precision actuators for the automotive and industrial robotics sectors. The deal values Futronic at approximately 1 trillion won ($676.04 million). Under the agreement, private equity funds affiliated with Blackstone will acquire a stake, while Futronic's founder Jin-ho Ko will remain chairman and CEO. Ko stated that Blackstone will help drive the company's global expansion and solidify its leadership in actuation and motion control solutions. The investment aims to accelerate Futronic's end-market growth internationally.

1 reports · 1 sources · Updated Jul 20, 06:05 AM UTC

Blackstone has agreed to invest in South Korean robotics supplier Futronic, valuing the company at approximately US$675 million, according to sources familiar with the matter. The investment will be made through affiliated private equity funds, as announced on July 20, 2026. The deal highlights Blackstone's continued interest in the robotics and automation sector in Asia, particularly in South Korea, a key market for industrial robotics. The investment is expected to support Futronic's growth and expansion in the global robotics supply chain.

1 reports · 1 sources · Updated Jul 20, 05:29 AM UTC

Blackstone has agreed to invest in Futronic, a South Korean robotics supplier, valuing the company at approximately US$675 million, according to sources familiar with the matter. The investment will be made through affiliated private equity funds, as announced on July 20, 2026. The deal highlights growing interest in robotics and automation sectors, with Blackstone expanding its footprint in South Korea's technology supply chain. The Business Times reported the news, citing anonymous sources. No further details on the exact investment amount or stake were disclosed.

1 reports · 1 sources · Updated Jul 20, 05:29 AM UTC

Blackstone has agreed to invest in Futronic, a South Korean robotics supplier, valuing the company at approximately US$675 million, according to sources familiar with the matter. The investment will be made through affiliated private equity funds, as announced on July 20, 2026. The deal highlights Blackstone's continued interest in the robotics and automation sector in South Korea. The article, published by The Business Times Singapore, provides limited additional details on the terms or strategic rationale of the investment.

1 reports · 1 sources · Updated Jul 20, 05:29 AM UTC

Data center operator Switch is planning an IPO that could raise up to $10 billion, valuing the company near $80 billion, according to a report from CRE Daily syndicated on Yahoo Finance. The move marks a significant reversal from the 2021-2023 period when major data center firms, including Switch, were taken private by private equity and pension funds. Switch, headquartered in Las Vegas, has selected Goldman Sachs and JPMorgan Chase as lead underwriters and may go public as early as Q4 2026. The company operates large-scale renewable-powered data center campuses across the U.S. and recently expanded its debt facility to $9.5 billion to support AI-driven growth. The IPO follows a broader flurry of public offerings in the digital infrastructure space, including Blackstone's Digital Infrastructure Trust, Brookfield-backed CSquare, and SoftBank-backed SBEnergy, as private capital sources become more constrained. The article positions Switch's listing as a bellwether for the sector's shift back toward public markets for long-term growth capital.

1 reports · 1 sources · Updated Jul 19, 09:48 AM UTC

Private equity firms are increasingly selling their stakes in companies shortly after IPOs, bypassing traditional 180-day lock-up agreements designed to stabilize stock prices. The article highlights several recent cases, including Forgent Power Solutions, whose PE backer Neos Partners completed three follow-on offerings within five months of the IPO, reducing its voting power from 81% to below 50%. Other examples include Aevex, Medline, Legence, and Solv Energy, where sponsors sold shares within the lock-up window. These accelerated exits allow PE firms to capitalize on strong trading momentum and provide quick cash to investors, but raise questions about sponsors' long-term conviction in the businesses and the purpose of public markets. The trend marks a significant departure from conventional IPO practices.

1 reports · 1 sources · Updated Jul 17, 07:23 PM UTC

The article discusses Blackstone Inc. (BX) as a potential top dividend stock according to Jim Simons' Renaissance Technologies. It reports that on July 6, 2026, Blackstone announced an agreement for its Blackstone Energy Transition Partners funds to acquire Dresser Utility Solutions. This acquisition gives Blackstone access to a provider of natural gas, water measurement, and infrastructure equipment solutions, marking the first investment by Blackstone's private equity energy transition vehicle. Dresser is benefiting from rising demand for energy grid infrastructure. David Evans, CEO of Dresser Utility Solutions, stated the deal will leverage Blackstone's resources to invest in innovation and expand product offerings, aiming to build a leading infrastructure technology platform. Blackstone is described as the world's largest alternative asset manager, investing in corporate private equity, real estate, infrastructure, and credit. The article also promotes a separate report on AI stocks.

1 reports · 1 sources