On March 13, 2018, Blackstone announced that its Strategic Capital Holdings Fund had acquired a minority equity stake in Rockpoint.
Blackstone Group (“Blackstone”) utilized its Strategic Capital Holdings Fund to invest an undisclosed sum for a passive, minority equity stake in Rockpoint Group, LLC (“Rockpoint”). Further terms of the transaction were not disclosed.
Blackstone (NYSE: BX), founded in 1985 and based in New York, is an investment firm that focuses on private equity, real estate, hedge fund solutions, and credit portfolios. Blackstone has $434 billion in assets under management as of December 31, 2017.
Rockpoint, founded in 2003 and based in Boston, is a real estate private equity firm and Registered Investment Adviser that focuses on office and multifamily commercial real estate investments.
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