On March 13, 2018, Blackstone and Rockpoint announced that Blackstone’s Strategic Capital Holdings Fund had acquired a passive, minority equity investment in Rockpoint.
Further terms of the transaction were not disclosed.
The Blackstone Group L.P. (NYSE:BX) is a financial services and investment firm with a hedge fund solutions group, Blackstone Alternative Asset Management L.P. that manages the Strategic Capital Holdings Fund. Blackstone’s asset management businesses have approximately $430 billion in assets under management.
Rockpoint Group L.L.C. (“Rockpoint”), headquartered in Boston, is a real estate private equity firm and Registered Investment Adviser. Rockpoint has approximately $19 billion in capital commitments.
To read the press release, please click here.