$BX

Institutional investors are allocating capital to evergreen private market funds from Blackstone (BX) and KKR (KKR), according to the Financial Times. These funds offer more liquidity than traditional private equity. Blackstone's wealth business sees institutions as a small part of capital raised, while KKR increased deal allocation caps for its K-Series funds. Both companies aim to expand wealth-management businesses, but institutional interest remains marginal and fee structures may be less at

Blackstone (BX) will limit withdrawals from its private credit fund in Q3, with $4.3B in redemption requests, matching Q2 levels. The fund will repurchase 5% of shares. Concerns about lending standards and AI disruption may be driving exits. BX shares rose 0.6% premarket. BX is the world's largest alternative asset manager.

Blackstone will repurchase 5% of shares in its private credit fund after investors requested 10% withdrawals in Q3, according to a regulatory filing. Blackstone shares fell 1% in premarket trading.

Lottomatica (LTMC) will acquire Cirsa (CIRSA) to form a gaming giant, with Blackstone (BX) as the top shareholder. The combined entity will list on Euronext Milan and Spanish exchanges. Cirsa shareholders will receive 0.668 new LTMC shares per CIRSA share. Pre-merger, Cirsa will pay a €262M dividend. The deal aims to generate €115M in pre-tax synergies and return €4B to shareholders post-merger.

Apollo Global Management and Blackstone Inc. structured a $35B financing package for Broadcom Inc. and Anthropic's AI infrastructure, with $15B expected to trade in the 144A market by early 2027. Broadcom shares rose 1.31% premarket, supported by a multi-year partnership with Apple Inc. Broadcom is set to report earnings on Sept. 3, 2026, with analysts projecting $3.16 EPS and $29.44B revenue.

Foreign investors, including Goldman Sachs and Blackstone, are capitalizing on Korea's hotel boom driven by a surge in tourists. They are acquiring and rebranding three- and four-star hotels, with transactions reaching 1.1 trillion won in the first half of the year. The average daily rate for three-star hotels rose 69% from 2020 to 127,331 won in 2024, according to the Korea Hotel Association.

Oppenheimer raised its price target for Blackstone (BX) to $171 from $140. The company plans to sell up to $1.25B in shares of Knowledge Realty Trust. Blackstone, along with Wellington and Vanguard, launched two retail funds for private assets.

Blackstone plans to sell up to 25.03% of India’s Knowledge Realty Trust (Knowledge REIT) via an offer for sale, with a base offer of 16.69% and an additional 8.34% if oversubscribed. The stake is valued at up to ₹119.88 billion ($1.26 billion). Blackstone currently holds 46.51% of the REIT, which owns 29 properties and has gained 10% since its August 2025 listing.

Blackstone Inc. is selling up to 11.1 million units (25.03%) of its stake in Knowledge Realty Trust, valued at $1.25 billion. The sale, priced at a 4.7% discount, will reduce Blackstone's ownership to 21.5% if fully exercised, making Sattva Group the largest shareholder with 32%.

Oppenheimer maintained its 'Outperform' rating for Blackstone (BX) and raised its price target to $171 from $140, citing confidence in the company's performance. Blackstone's GF Value is $200.87, suggesting a 27.8% undervaluation. The company has a GF Score of 70, indicating solid investment potential, with strengths in growth and profitability.