Mets Owner Steve Cohen Had an Even Better Year Off the Field

Steve Cohen’s New York Mets lost to a playoff rival to end their 2024 baseball season. The billionaire’s hedge fund, meanwhile, topped the competition. Cohen’s Point72 Asset Management generated a return in 2024 of about 19% in its flagship fund, according to people familiar with the matter.

Yahoo | January 12, 2025

Exclusive-Blackstone mulls $4 billion-plus sale of Liftoff, sources say

Buyout firm Blackstone is weighing strategic options, including a sale, for Liftoff that could value the mobile app marketing provider at more than $4 billion, including debt, two people familiar with the matter said on Friday. The Redwood City, California-based company is working with investment bankers at Goldman Sachs and Jefferies to weigh its options, which also include a potential initial public offering, the sources said, requesting anonymity as the matter is confidential. The deliberations are at an early stage, the sources said, cautioning that a deal is not guaranteed.

Yahoo | January 10, 2025

Financial Stocks Wells Fargo, Jefferies, and Blackstone Are Falling After a Hot Jobs Report

A hotter-than-expected December jobs report sent the Dow Jones Industrial Average tumbling by more than 600 points (1.5%) on Friday morning as U.S. Treasury yields continued to rise and inflation concerns took center stage. Shares of Wells Fargo (NYSE: WFC) were trading 2.6% lower as of 11:46 a.m. ET, while investment bank Jefferies Financial (NYSE: JEF) was off by 11.4% and private equity giant Blackstone (NYSE: BX) was down by roughly 5%. Since mid-December, investors have grown increasingly concerned about sticky inflation, an issue that is also top of mind for the Federal Reserve.

Yahoo | January 10, 2025

Blackstone makes $300M investment in AI data company - report

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Blackstone Invests $300 Million In AI Data Firm That Powers Elon Musk's xAI Supercomputer

Blackstone Inc. (NYSE:BX) is making a significant move in the AI sector with a $300 million investment in DDN, a company known for its expertise in data storage and analysis. What Happened: The investment represents the first external funding for DDN, valuing the Chatsworth, California-based firm at $5 billion. Founded in 1998 by computer scientists Alex Bouzari and Paul Bloch, DDN provides computing equipment and software essential for managing data during AI model training and deployment, The

Yahoo | January 9, 2025

Private Equity Pull Back From Exotic and Controversial Liquidity Loans

(Bloomberg) -- For years, buyout firms used controversial loans backed by their equity stakes to juice up returns in their funds. After attracting criticism from some of the same investors the practice was supposed to benefit, they are hitting the brakes.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building

Yahoo | January 9, 2025

Blackstone Invests $300 Million at a $5 billion Valuation in DDN, AI and Data Intelligence Solutions Leader, to Fuel Further Rapid Growth

CHATSWORTH, Calif. & NEW YORK, January 09, 2025--DDN, a global leader in AI and data intelligence solutions, today announced it has received a $300 million investment from funds managed by Blackstone Tactical Opportunities ("Blackstone") at a $5 billion valuation. The investment will be used to help fund DDN’s continued rapid growth as it serves its customers’ fast-expanding AI and high-performance computing (HPC) software and infrastructure needs.

Yahoo | January 9, 2025

Private equity wants a piece of your 401(k) — and hopes Trump can make it happen

Private equity firms are hoping that the new Trump administration makes it easier for them to access something they have long wanted: your 401(k).

Yahoo | January 9, 2025

Blackstone to Make $300 Million Investment in AI Data Company

Blackstone is investing in a company that helps organizations more efficiently store and analyze large amounts of data, executives from both companies said. It is the private-equity firm’s latest bet on a business that supports the growth of artificial intelligence. Blackstone is investing $300 million into a company called DDN.

Yahoo | January 9, 2025

Blackstone’s Infrastructure Fund for Individuals Raises More Than $1 Billion

(Bloomberg) -- Blackstone Inc. is betting individuals will turn the firm into a bigger force in roads, ports and data centers. Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbuilding?The alternative asset manager gathered more than $1 billion for a

Yahoo | January 8, 2025