Blackstone Inc.

Some of the key events about Blackstone Inc.

• 1985

  Founded as a mergers and acquisitions advisory boutique
• 1987

  Completed its first major acquisition, CNW Corporation
• 1988

  Faced criticism for aggressive takeover tactics in its early years
• 1992

  Launched its first private equity fund with $850 million
• 1994

  Acquired a stake in Republic Family of Funds, marking its entry into mutual funds
• 2007

  Completed its initial public offering, raising $4.13 billion
• 2007

  Accused of contributing to the subprime mortgage crisis through its real estate investments
• 2008

  Criticized for large executive bonuses during the financial crisis
• 2009

  Acquired Busch Entertainment Corporation, including SeaWorld parks
• 2010

  Investigated by the SEC for disclosure and marketing practices
• 2012

  Launched Blackstone Rental Housing, investing in single-family homes for rent
• 2012

  Sued by the U.S. Department of Justice for alleged fraudulent loan practices
• 2014

  Raised the largest-ever private equity fund at $18.6 billion
• 2014

  Fined $39 million by the SEC for failing to disclose accelerated monitoring fees
• 2015

  Accused of contributing to rising housing costs through its real estate investments
• 2018

  Criticized for its role in the privatization of public housing in New York City
• 2019

  Converted from a publicly traded partnership to a corporation
• 2019

  Faced backlash for its investments in companies linked to Amazon deforestation
• 2021

  Announced plans to invest $1 billion in companies and projects that reduce carbon emissions
• 2021

  Scrutinized 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.