- Data Center, Power Titans Counter Texas Development Opposition
An alliance that includes Blackstone’s QTS, NextEra Energy Inc. and Siemens Energy AG is preparing to counter a wellspring of opposition to artificial intelligence and other infrastructure development that’s bubbled up across Texas.
Macro·1 article / 1 outlet·2d ago
- AI Giants and Unions Form Coalition for Data Center Standards by 2027
AI companies, private equity firms, and unions are collaborating to establish a multimillion-dollar coalition focused on responsible growth in the data center sector. This initiative, known as the American Infrastructure Alliance, includes major players like Blackstone, OpenAI, QTS, and SoftBank, aiming to create data center standards by 2027.
Macro·2 articles / 2 outlets·5d ago
- Blackstone Sees India Nearing Tipping Point for Foreign Capital
As Jon Gray recalls it, Blackstone Inc.’s first foray into India started slowly and then ran into headwinds during the global financial crisis.
Macro·1 article / 1 outlet·14d ago
- Blackstone Prepares Sale of Clarion Events' Asian Unit
Blackstone Inc. is preparing a disposal of Clarion Events’ Asian business, as part of its broader plan to revive the sale of the UK events organizer, people with knowledge of the matter said.
Deals·1 article / 1 outlet·16d ago
- Banks Line Up $22 Billion Chip Loan Tied to Blackstone, Alphabet
A group of 10 banks is providing a $22 billion chip loan to support Blackstone Inc. and Alphabet Inc.’s new cloud venture Crux AI. This marks the latest mega-debt deal in the race to finance the expensive processors crucial to artificial intelligence.
Deals·2 articles / 2 outlets·16d ago
- Blackstone Sees Recovery in Private Credit Amid Investor Withdrawals
Blackstone Inc. is working through a backlog of investors who’ve asked to pull cash out of the firm’s flagship private credit fund and is confident the asset class will recover, President and Chief Operating Officer Jon Gray told Swiss newspaper NZZ.
Macro·1 article / 1 outlet·18d ago
- Blackstone’s AirTrunk Seeks $1.6 Billion Loan for Singapore IPO
AirTrunk, a data center operator owned by Blackstone Inc., is in talks with banks to borrow about S$2 billion ($1.6 billion) to help finance the public listing of a real estate investment trust backed by its assets.
Deals·1 article / 1 outlet·23d ago
- Private Equity Firms Invest Billions in AI, Prompting Investor Scrutiny
Some of the world’s biggest investors are pushing money managers to fork over more information on their AI-related holdings.
Macro·1 article / 1 outlet·23d ago
- Enbridge to Buy Tallgrass Crude Business for $2.6 Billion
Enbridge Inc., the Canadian energy infrastructure giant, reached an agreement to buy Tallgrass Energy’s crude oil business from Blackstone Inc. for about $2.6 billion.
Deals·1 article / 1 outlet·24d ago
- Enbridge Nears $2 Billion Deal for Major US Oil Pipeline
Enbridge Inc., the Canadian energy infrastructure giant, is in advanced talks to buy a major crude oil pipeline in the US from Blackstone Inc.’s Tallgrass Energy for about $2 billion, according to people familiar with the matter.
Deals·1 article / 1 outlet·24d ago
- Google, Blackstone Venture Faces Delays at Data-Center Sites
Alphabet Inc. and Blackstone Inc.’s new cloud venture has hit delays for major data-center locations that were supposed to run Google’s chips, underscoring the obstacles standing in the way of Big Tech’s AI ambitions.
Macro·1 article / 1 outlet·25d ago
- Blackstone Weighs Buying Stake in IIFL Finance as Fairfax Exits
Blackstone Inc. is among global investment firms in the fray to buy a stake in mid-sized Indian shadow lender IIFL Finance Ltd. just as Fairfax Financial Holdings Ltd. looks to exit from the company.
Deals·1 article / 1 outlet·26d ago