Blackstone has announced announced the final close of the first series of its evergreen institutional U.S. direct lending fund, Blackstone Senior Direct Lending Fund (BXD). Blackstone has closed on around $22 billion of investable capital for the inaugural series of BXD and related vehicles, “including… Read More
Global investment firm Blackstone has announced a significant move in Japan’s financial technology (fintech) sector, with its private equity funds entering into a definitive agreement to acquire a majority stake in Sony Payment Services Inc. for an undisclosed amount. Blackstone will acquire Sony Payment from… Read More
Following an investment from Blackstone, Redpin has announced the launch of a payments service for the global property market. Redpin is the owner of global digital international payment services to private clients and SMEs Currencies Direct and TorFX. Redpin says it aims to provide embedded… Read More
Stampli, a key player focused on AI-powered accounts payable automation, today announced that it has raised $61 million in a Series D venture funding round “led by funds managed by Blackstone, with the participation of existing investors Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital.”… Read More
S&P Dow Jones Indices (S&P DJI) announced several changes to its indices, including the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600, effective before the opening of trading on Monday, September 18, as part of its quarterly rebalance. These changes aim to… Read More
In his annual letter to shareholders, Blackstone CEO Larry Fink commented on a broad range of issues including the “end of globalization” and the power of capital markets. The end of globalization is largely due to the unprovoked invasion by Russia and war in Ukraine… Read More
Palamon Capital Partners, a pan-European growth investor, and Corsair, a private equity company targeting services, software, and payments investments in the financial services market, announced that funds managed by Blackstone Tactical Opportunities have agreed to “make a £140 million strategic investment” in Currencies Direct, a… Read More
iCapital has announced a consortium of financial services firms to pursue distributed ledger technology, or blockchain, for the “next generation” for alternative investment ecosystem. The names of the consortium include: Apollo, BlackRock, Blackstone, BNY Mellon, Carlyle, KKR, Morgan Stanley, State Street, UBS, and WestCap, Capital states that these firms will partner with iCapital to make… Read More
Yieldstreet this week announced a new private equity strategy that offers retail investors the opportunity to gain exposure to direct equity investments in alternative asset managers. In a statement, Yieldstreet said an alternative asset manager, such as a private equity firm, is itself a business,… Read More
Athene (NYSE: ATH) and Apollo (NYSE: APO) have agreed to purchase a controlling stake in consumer lender Aqua Finance. The valuation was said to be approximately $1 billion. Under the terms of the deal, Apollo will manage the investment on behalf of Athene. Blackstone, an… Read More
Canoe Intelligence, a Fintech firm that aims to transform data management processes for alternative investors, wealth management platforms, fund servicers, and capital allocators, reveals that it has finalized an oversubscribed extension of its Series A round. Canoe’s investment round was led by Blackstone Innovations Investments… Read More
Loanpal, a U.S.-based residential solar financing provider, announced on Thursday it has joined forces with Blackstone (NYSE: BX), through funds managed or advised by GSO Capital Partners, to invest in up to $300 million of residential solar loans originated and serviced on the Loanpal… Read More
Earlier this week there was a meeting of the Securities and Exchange Commission’s (SEC) Small Business Capital Formation Advisory Committee. During the meeting, the Committee discussed the SEC’s Concept Release on regulatory harmonization and several topics specifically. First, was the subject of access to capital… Read More
CEO Charles Clinton and CIO Marious Sjulsen co-founded EquityMultiple with a shared vision of transforming real estate investing through tech and by providing new access to private transactions while streamlining the investment process. With a mission committed to transparency, rigorous underwriting, and investor support, EquityMultiple is backed by the… Read More
Global payment solution provider, Paysafe Group plc (LSE: PAYS.L), announced on Friday it has acquired Delta Card Services Inc., the holding company for Texas payment processor Merchants’ Choice Payment Solutions (MCPS), for $470 million. According to Paysafe, MCPS is a data-focused full-service payment processor for merchants… Read More
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