Blackstone Infrastructure's Safe Harbor Marinas is nearing a $1.5 billion deal to acquire MarineMax, sources say. If completed, it would expand BX's marina footprint and transition MarineMax from public to private ownership, with timing likely contingent on financing and regulatory review.
HSBC is selling its A$36 billion Australian home and personal loan portfolio to Blackstone, marking a complete retreat from retail banking in Australia. The move expands Blackstone's lending exposure and could influence funding terms for similar portfolios. The deal may attract scrutiny on risk transfer and capital allocation by both parties.
Blackstone posted higher second-quarter income, driven by expanding assets under management and profits from its AI-focused bets. The results underscore BX’s ability to monetize scale and AI exposure, supporting potential earnings growth if AUM momentum holds and AI investments continue to perform as expected.
Wellington Management, Vanguard, and Blackstone unveiled two closed-end funds on Bank of America platforms, expanding access to blended public and private assets. The WVB All Markets Fund combines active public markets with private markets exposure, while the WVB Blackstone All Privates Fund offers direct private-market allocations. The collaboration could drive Blackstone’s asset inflows and fee generation through Merrill and BoA Private Bank channels in coming quarters.
A Blackstone-led consortium will invest $5.34 billion for a 49% noncontrolling stake in five Williams behind-the-meter power projects, providing immediate liquidity and validating asset value. The deal monetizes a portion of Williams' generation portfolio while preserving control, potentially improving cash flow visibility and strengthening balance sheet, with implications for capital allocation and potentially credit metrics.
Blackstone is expanding its AI initiative, embedding roughly 50 full-time AI engineers with private equity and infrastructure teams to prototype tools and inform strategy. The firm has earmarked over $150 billion for data-center bets and aims to become a practical, scaled AI platform, with firm-wide tools like Secure Chat and Document AI; progress will hinge on collaboration.