Blackstone

Banking

Goldman Leads Bidding for $37 Billion Palmer Square, a CLO Powerhouse

Photo via Bianca Otero/ZUMAPRESS/Newscom

CLOs allow investors to potentially get higher-than-average returns in exchange for taking on greater default risk.

2 min read

Photo via Richard B. Levine/Newscom

Finance

Blackstone Private Credit Fund Caps Withdrawals in Fresh Test for Strained Market

Blackstone said it would limit withdrawals to 5% of the fund’s shares, which is typical for these types of semi-liquid funds.

2 min read
Photo via Uber/Avride

Artificial Intelligence

Uber, Waymo and Tesla Speed Toward Driverless Future

Goldman Sachs estimates that the total number of robotaxis on the road will increase from around 7,000 last year to 1 million by 2030

2 min read
Photo via Igor Golovniov/ZUMAPRESS/Newscom

Private Equity

KKR Profit Growth Challenges Private Markets’ Negative Narrative

As many private market firms struggle to sell assets to return cash to their eagerly waiting investors, KKR’s profits soared in the Q2.

1 min read

Private Equity

Blackstone’s AI Bet Fuels Blowout Growth While Rivals Grapple With “Zombie Funds”

Photo via Richard B. Levine/Newscom

Blackstone’s secret? Selling the one thing that’s hot: infrastructure for the vast artificial intelligence boom.

2 min read

Artificial Intelligence

Neocloud Competition Heats Up As Nebius’ Market Value Rivals Coreweave’s

Photo via IMAGO/Vincent Isore/IMAGO/IP3press/Newscom

Last month, Coreweave, the largest independent neocloud company, reported its first-quarter revenue doubled to $2.1 billion.

2 min read

Private Equity

Blackstone Sets Up New Division to Capitalize on AI Boom

Photo via IMAGO/Gonzales Photo/Thomas Rasmussen/IMAGO/Gonzales Photo/Newscom

The firm is investing in the plumbing that makes AI innovations possible, such as data centers and energy and digital infrastructure.

1 min read

Sign Up for The Daily Upside to Unlock This Article

Sharp news & analysis on finance, economics, and investing.