Blackstone Inc.
Some of the key events about Blackstone Inc.
- 1985Founded as a mergers and acquisitions advisory boutique
- 1987Completed its first major acquisition, CNW Corporation
- 1988Faced criticism for aggressive takeover tactics in its early years
- 1992Launched its first private equity fund with $850 million
- 1994Acquired a stake in Republic Family of Funds, marking its entry into mutual funds
- 2007Completed its initial public offering, raising $4.13 billion
- 2007Accused of contributing to the subprime mortgage crisis through its real estate investments
- 2008Criticized for large executive bonuses during the financial crisis
- 2009Acquired Busch Entertainment Corporation, including SeaWorld parks
- 2010Investigated by the SEC for disclosure and marketing practices
- 2012Launched Blackstone Rental Housing, investing in single-family homes for rent
- 2012Sued by the U.S. Department of Justice for alleged fraudulent loan practices
- 2014Raised the largest-ever private equity fund at $18.6 billion
- 2014Fined $39 million by the SEC for failing to disclose accelerated monitoring fees
- 2015Accused of contributing to rising housing costs through its real estate investments
- 2018Criticized for its role in the privatization of public housing in New York City
- 2019Converted from a publicly traded partnership to a corporation
- 2019Faced backlash for its investments in companies linked to Amazon deforestation
- 2021Announced plans to invest $1 billion in companies and projects that reduce carbon emissions
- 2021Scrutinized for its role in the global housing affordability crisis
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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