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Blackstone Credit, formerly known as GSO Capital Partners (GSO) is an American hedge fund and the credit investment arm of The Blackstone Group. [2] Blackstone Credit is one of the largest credit-oriented alternative asset managers in the world and a major participant in the leveraged finance marketplace.
Blackstone (NYSE: BX) Q4 2024 Earnings Call Jan 30, ... without taking on balance sheet risk. ... as Steve noted. BCRED led the way raising over $12 billion for the year, driving 36% year-over ...
Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with US$400,000 (equivalent to $1.1 million in 2023) in seed capital. [2]: 45–56 [3] The founders derived their firm's name from their names: "Schwarz" is German for "black"; "Peter", "petros" (πέτρος, masculine), or "petra" (πετρα, feminine) means "stone" or "rock" in Greek.
Blackstone (NYSE: BX) Q3 2024 Earnings Call Oct 17, ... The firm's balance sheet investments comprise less than 1% of AUM. ... If you look at our BCRED product, it's delivered 700 basis points ...
The percent of the stake owned by Blackstone also fell to 40%, compared to Fink's staff. [16] By 1992, Blackstone had a stake equating to about 36% of the company, and Stephen A. Schwarzman and Fink were considering selling shares to the public. [17] The firm adopted the name BlackRock, and was managing $17 billion in assets by the end of the year.
BX earnings call for the period ending June 30, 2024.
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Blackstone plans to take out a loan of about $800 million to finance the purchase of a stake in a 50-story office building in New York City, according to two sources familiar with the matter. The ...