On March 5, 2025, Blackstone Inc. announced Blackstone Credit & Insurance’s strategic minority investment in ITE Management, L.P.
Blackstone Inc. (“Blackstone”) announced on March 5, 2025, that Blackstone Credit & Insurance (“BXCI”) made a strategic minority investment in ITE Management, L.P. (“ITE”). BXCI is targeting to provide ITE with up to $2 billion of capital for investments and financing over the initial phase of partnership. ITE will continue to operate independently under the ongoing leadership of Co-Founders Jason Koenig and David Smilow. Further terms of the deal were not disclosed.
Blackstone (NYSE: BX), based in New York, is an alternative asset manager that serves institutional and individual investors. As of March 2024, Blackstone has approximately $1.1 trillion in assets under management.
BXCI, based in New York, is the credit and insurance arm of Blackstone, with investments in private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. BXCI manages approximately $90 billion in client assets.
ITE, based in New York, is a registered investment advisor focusing on asset-backed investments in transportation, such as rail, intermodal, specialty aviation, port and infrastructure equipment, and electric vehicles. ITE manages approximately $10 billion in client assets.
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