Tagged: blackstone

Proptech: Backed by Blackstone, Redpin Launches Payments for Global Residential Property Market

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

AP Automation Fintech Stampli Announces $61M Round Led by Blackstone

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

Blackstone, Airbnb to Replace Lincoln National, Newell Brands as Part of Major Changes in S&P Indices

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

CBDCs: Blackstone CEO Thinks Digital Dollar Could be a Good Thing for the Economy

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

Currencies Direct Receives £140M Investment from Blackstone

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 Announces High Profile Consortium to Pursue Distributed Ledger Tech for Financial Services

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

GP Stakes Strategies Could Generate 15% Annual Cash Yield: Yieldstreet

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, Apollo Agree to Acquire Controlling Stake in Niche Lending Platform Aqua Finance

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 Finalizes Series A Extension Led by its Clients, Blackstone and Carlyle

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 Joins Forces With Blackston to Deploy $300 Million of Residential Solar Loans

  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

Private Equity Has Better Returns & Lower Volatility than Public Markets: Will the SEC Make it Easier for Retail Investors to Gain Access to this Asset Class?

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

EquityMultiple CEO Charles Clinton Highlights Real Estate Opportunities & Disruption, Reflections on 2017, Predictions for 2018… But Not the Secrets to the Platform’s Success

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

Blackstone Looks to Acquire as Paysafe Picks Up Merchants’ Choice Payment Solutions for $470 million

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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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