Behind the Vanguard, Blackstone, Wellington Plan to Launch Private Investments

Blackstone's first-quarter profit beats on robust private equity, credit performance

By Niket Nishant

Behind the Vanguard, Blackstone, Wellington Plan to Launch Private Investments

There’s a new private-markets tag team in town. Vanguard and Wellington Management are teaming up with Blackstone to launch private and public assets inside a single investment, a hot-button strategy that has been at the forefront of new launches in the asset management industry this year. While specific plans are slated to come in a few months, the group said hybrid public-private investments address one of the most important challenges facing …

Blackstone Buys Miami-Dade Rental Complex for $116M

Private equity giant Blackstone (BX) paid $116 million for a new garden-style, multifamily property in Miami-Dade County’s Hialeah, property records show.  Called Elan Solea, the 400,640-square-foot complex houses 359 units at 17545 Northwest 94th Court, facing Interstate 75 and just south of I-75’s junction with the Florida Turnpike, in the far west corner of the Florida county.  The sale equates to just over $323,000 per apartment.  The seller…

The manager Blackstone closed the first quarter of 2025 with a net profit attributed to 847 million dollars (745 million euros), 37.7% more than in the same period of the previous year.