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BX News20 articles
Blackstone Launches AI Unit N1, Consolidating OpenAI and Anthropic Stakes
Blackstone Inc. launches Blackstone N1, a new AI-focused unit consolidating investments in OpenAI and Anthropic, while its $80 billion credit fund faces slowing inflows and rising redemptions.
Blackstone, Related Digital Secure $16B for Oracle AI Data Center
Blackstone and Related Digital have secured $16 billion in financing for Oracle's AI data center in Michigan, but the project faces local and regulatory pushback over power, water, and transparency concerns.
BofA Leads $16B Oracle Data Center Financing in Michigan
Bank of America led a $16 billion financing for an Oracle data center in Michigan, selling $14 billion in bonds as Wall Street deepens its AI infrastructure push.
Hologic Completes $17.3B Private Equity Buyout, Almeida Named CEO
Blackstone and TPG have closed their $17.3 billion acquisition of Hologic, taking the company private. José Almeida succeeds Steve MacMillan as CEO, with former shareholders receiving $76 per share plus potential earnout.
Hologic $18.3B Take-Private Finalized, CEO Exits as Stock Leaves S&P 500
Hologic has received all required approvals for its $18.3 billion acquisition by Blackstone and TPG, with the deal closing around April 7. CEO Steve MacMillan will retire upon completion.
Hologic CEO to Depart as $18.3B Private Equity Acquisition Nears Completion
Hologic announced CEO Steve MacMillan will step down once the company's $18.3 billion acquisition by Blackstone and TPG finalizes, expected around April 7. The deal will take the women's health technology firm private.
Blue Owl Limits Redemptions at Key Credit Funds Amid Surge in Withdrawal Requests
Blue Owl Capital has imposed a 5% quarterly redemption cap on two major private credit funds following a surge in withdrawal requests, with one fund facing over 40% in redemption demands.
Blackstone Enlists Top Golfer Fleetwood in Wealth Management Expansion
Blackstone has appointed professional golfer Tommy Fleetwood as its inaugural global brand ambassador, a strategic move to attract high-net-worth individual investors. The firm's private wealth unit now oversees $302 billion in assets as competition for affluent capital intensifies.
Dow Surges on Diplomatic Hopes, Energy and Financials Lead Rebound
The Dow Jones Industrial Average rallied over 300 points Monday, recovering some of last week's steep losses, after President Trump said the U.S. was in talks to end the Iran conflict. Energy and financial stocks led the advance.
Blue Owl Shares Dip as BofA Calls Private Credit Fears Excessive
Blue Owl Capital shares declined slightly on Thursday following a Bank of America research note stating concerns around private credit managers are exaggerated. The stock has fallen nearly 40% year-to-date amid broader sector strain.
Dow Gains as Fed Decision Nears; Oil Prices Stoke Inflation Concerns
The Dow Jones Industrial Average advanced on Tuesday as investors positioned for the Federal Reserve's policy announcement, looking past elevated oil prices linked to Middle East tensions. Brent crude traded above $101 a barrel.
Mortgage Rates Surge to 6.41% as Bond Yields, Oil Prices Climb
U.S. mortgage rates jumped sharply this week, with the 30-year fixed rate reaching 6.41% as Treasury yields and oil prices rose. The increase complicates the spring homebuying season and has already impacted homebuilder earnings.
Blue Owl Shares Gain Amid Sector Rebound, But Private Credit Concerns Linger
Blue Owl Capital shares advanced 2.2% as alternative-asset managers rebounded, though ongoing worries about private credit valuations and fund liquidity kept sector sentiment cautious.
Blue Owl Stock Dips Amid Private Credit Valuation Concerns
Blue Owl Capital's stock declined following reports that Glendon Capital Management disputed valuations in a major fund, reflecting wider unease across the private credit market as BDCs trade at steep discounts.
Goldman Offers Hedge Funds Swap to Short Software Loans as AI Risks Mount
Goldman Sachs is marketing a total return swap allowing hedge funds to bet against corporate loans in the software sector, fueled by concerns that artificial intelligence could disrupt credit markets. No trades have been executed yet.
BlackRock Fund Limits Spark Liquidity Fears as Private Credit Defaults Hit Record
BlackRock has restricted redemptions from its $26 billion private-credit fund after requests surged, intensifying stress in real estate-linked markets. Fitch warns of record defaults in the sector.
Brookfield Shares Dip Ahead of Q4 Report as Rate Outlook Shifts
Brookfield Corporation shares fell nearly 2% Wednesday, pressured by a sector-wide decline after strong jobs data pushed back expectations for Federal Reserve rate cuts. The company reports fourth-quarter results Thursday.
KKR Holds Near $107 as CFO Reiterates 2026 Profit Goal Amid Macro Caution
KKR shares steadied around $107.45 after a recent 4% surge, with CFO Rob Lewin reaffirming a $7-plus 2026 profit target while flagging macro uncertainty. Investors awaited his afternoon conference remarks.
Blackstone Rallies on $10B AI Infrastructure Debt Deal Amid Market Focus
Blackstone shares gained 1.2% as the firm leads a $10 billion private credit package for Australian AI infrastructure developer Firmus. Investors are monitoring U.S. economic data for rate clues.
KKR Shares Surge 4% Amid Governance Vote and Software Sector Scrutiny
KKR & Co. rebounded sharply Friday, gaining over 4% as investors weighed a major acquisition and upcoming governance changes against concerns over software exposure and loan leverage.