Private Equity: Blackstone Group Filings Update for Q1 2020

https://dailyalts.com/wp-content/uploads/2019/08/Limin-Wang-Joins-Blackstone.jpg

Blackstone Group (NYSE:BX) continued to deploy capital as the market declined in the first quarter of the year. On the private side, Blackstone has been investing in life sciences deals, casino operators, energy companies, and, of course, more warehouses.

According to their latest 13F filing, they have made similar purchases in the public equity markets as well.

Blackstone Group 13D Filings

Blackstone has been investing in some of the hardest-hit areas of the real estate markets. They have been among the few buyers of hotel REITs during the first quarter. Blackstone invested in shares of Host Hotels (NYSE:HST), Pebblebrook Hotel Trust (NYSE: PEB), and Extended Stay America (NASDAQ: STAY). Starwood Capital was also a buyer of Extend Stay America and is its largest shareholder. Not all hotel companies will survive this shutdown and recession, but those that do will recover and go onto be fantastic investments for patient well-capitalized investors like Blackstone.

The firm was also buying office REITs, including Vornado (NYSE:VNO), Columbus Property Trust, and Kilroy Realty (NYSE:KRC). In the apartment markets, they were buyers of Equity Residential (Q.R.) and Apartments Investment Management (NYSE:AIV) during the quarter.

More on Blackstone’s Filings

As they are the second-largest owner of industrial properties in the world, I expect to see them buying industrial REITs, and they did not disappoint. Blackstone invested almost $40 million in shares of Duke Realty (DRE). Duke owns 156 million rentable square feet of industrial assets in 20 major logistics markets in the United States.

Blackstone was also aggressive in energy markets. Particularly midstream Master Limited Partnerships. The firm invested $378,626,000 in Energy Transfer (NYSE:ET), $325 million in Enterprise Products (NYSE:EPD), and $260 million in MPLX (MPLX).

Blackstone also upped his stake in Cheniere Energy Partners, L.P. (NYSE:CQO) by 2.2 million shares. They now own 205,611,384 shares worth $5,553,564,000.

Related: REITS: Industrial Properties Look Promising On These Trends

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Alt Insights

May 21, 2020

Venture Capital: British Startup Offers Travel Jaunts on the Never-Never

Venture Capital: British Startup Offers Travel Jaunts on the Never-Never
Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/05/athlete-1840437_640.jpg
Artificial Intelligence: Global Agency to Use AI to Nab Doping Athletes
May 29, 2020     Artificial Intelligence, News

The World Anti-Doping Agency (WADA) has initiated four projects across Canada and Germany to identify doping athletes through the use of artificial intelligence. The agency understands the ethical questions surrounding…

https://dailyalts.com/wp-content/uploads/2020/05/Prupay-combined.jpg
FinTech: PruPay and PayPal Working on Text-based, Contactless Payments
May 29, 2020     FinTech, News

PruPay is a specialty fintech company that provides easy payment solutions for merchants and consumers. The U.S.-based company announced Thursday its collaboration with PayPal (NASDAQ: PYPL) for the launch of…

https://dailyalts.com/wp-content/uploads/2020/05/6506262731_3b7a3948e7_c.jpg
Digital Assets: Goldman Pans Bitcoin; Crypto Community Up in Arms
May 29, 2020     Digital Assets, News

Crypto fans have not taken kindly to a Goldman Sachs presentation that fired potshots at bitcoin. The offending presentation from Goldman Sachs (NYSE: GS) has sparked a raging controversy for…

https://dailyalts.com/wp-content/uploads/2020/05/Driverless-robots-combined.jpg
Venture Capital: Optimus Ride Driverless Cars in the U.S., and Cute Starship Robots in the U.K. Combat COVID
May 29, 2020     News, Venture Capital

Driverless vehicles and delivery robots are serving a crucial need for consumables during lockdowns and shelter-in-place restrictions. More importantly, because they are autonomous there’s no risk of a driver spreading…

Scroll to Top