Renewables news: Blackstone, Akaysha Energy, European Commission’s Innovation Fund

Blackstone (BX) and Warburg Pincus are considering selling IntraFi, a fintech company, with a potential valuation of over $10B. Morgan Stanley (MS) and Guggenheim Securities are advising on the deal, according to Reuters sources.

A $1.3B CMBS loan on a Blackstone apartment portfolio entered special servicing in October with $517.7M outstanding. Blackstone has sold most of the 21-property portfolio, retaining six assets. The loan highlights ongoing distress in Sun Belt apartments, with Texas foreclosure flags exceeding $1B in October, per The Real Deal.

Blackstone plans to invest $40 billion in Japan over three years, focusing on real estate and company acquisitions. CEO Stephen Schwarzman sees Japan as a key growth market, despite potential short-term economic slowdowns. The firm also targets AI and defense sectors. Blackstone manages $1.3 trillion in assets.

Blackstone (NYSE:BX) closed its fifth energy transition fund, BETP V, at $8.7bn, surpassing its predecessor by over 50%.

Blackstone Group plans to invest $40 billion in Japan over three years, focusing on real estate, AI, and defense. CEO Steve Schwarzman remains optimistic despite rising interest rates. Blackstone offers a 4.67% dividend yield and is considered undervalued with a GF Value of $172.83 vs. current price of $107.09. The company has a GF Score of 83/100 and a P/E ratio of 24.02x, lower than its 5-year median of 41.33x.

Blackstone closed an $8.7 billion new energy fund, highlighting how large alternative-asset managers can maintain steady earnings through long-dated funds. This fundraise supports fee-related earnings and may cushion sentiment during market volatility, as seen when broader financial indexes slipped.