Blackstone Inc.
No SEC Form 4 filings for $BX in the last 30 days.
Legal & General Group Plc reduced its Blackstone stake by 1.1% in Q4, selling 49,489 shares, but still reported 4,628,508 shares worth $713.438 million and 0.63% ownership, according to an SEC filing. Separately, insider Vikrant Sawhney sold 30,014 shares on May 1 at $125.79. Analyst ratings were split, with targets ranging roughly from $116 to $132.
A PESP report says U.S. private equity firms own about 3 million apartment units, roughly 13%—one in eight—up about 50% since 2021. PESP estimates nearly 1.7 million units were bought since 2018 and 1.3 million since 2021. It cites Texas as having ~580,000 units and Blackstone as owning 230,000+.
A new report from MSCI highlights growing pains in private markets, driven by increasing demands for transparency from both institutional and retail investors. Key trends include stresses in private credit, longer exit timelines for private equity, and the rise of evergreen funds, which have seen significant growth but are also experiencing liquidity challenges and increased redemption requests. The report emphasizes that private market infrastructure has not kept pace with capital inflows, particularly regarding valuation practices and liquidity expectations in semi-liquid structures.
