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Blackstone Secured Lending Fund(BXSL) - 2025 Q4 - Earnings Call Presentation
2026-02-25 14:30
Blackstone Secured Lending Fund Reports Fourth Quarter and Full Year 2025 Results NEW YORK — February 25, 2026— Blackstone Secured Lending Fund (NYSE: BXSL or the "Company") today reported its fourth quarter and full year 2025 results. Brad Marshall, Co-Chief Executive Officer of Blackstone Secured Lending Fund, said, "BXSL reported strong fourth-quarter results, with net investment income of $0.80 per share - which fully covered our dividend – and new investment activity exceeding $1 billion for the second ...
Blue Owl Anxiety Rattles $1.8 Trillion Private Credit Market
Yahoo Finance· 2026-02-23 18:59
That a move to limit withdrawals from a $1.6 billion fund drove a $2.4 billion drop in Blue Owl's market value shows shareholders' skittishness. Investors in the fund, known as OBDC II, have been gated for months as the firm pursued and then abandoned a plan to merge it with another of its vehicles. Blue Owl is now selling roughly one-third of OBDC II's loans and handing 30% of investors' money back to them, a move the firm says is accelerating, not slowing, the overall return of capital. When redemptions w ...
PE危机的“贝尔斯登时刻”?Blue Owl限制赎回、抛售贷款,股价创两年半新低
华尔街见闻· 2026-02-20 12:53
Core Viewpoint - Blue Owl Capital's decision to limit redemptions from its private credit fund has raised concerns about the potential risks in the $1.8 trillion private credit market, leading to significant stock price declines for Blue Owl and its peers [1][3][12]. Group 1: Blue Owl Capital's Actions - Blue Owl Capital announced that investors in Blue Owl Capital Corp II (OBDC II) will no longer be able to redeem shares quarterly, instead opting for periodic distributions funded by loan recoveries, asset sales, or other transactions [3][4]. - The company has sold approximately $1.4 billion in direct loan investments at a face value of 99.7% to provide promised liquidity to investors [3][6]. - Blue Owl's stock price has dropped over 15% this month, reflecting growing investor concerns about the private credit industry amid market valuation issues and the quality of loans to highly leveraged companies [5][12]. Group 2: Market Reactions and Implications - The stock price decline of Blue Owl has negatively impacted the broader market, dragging down shares of other private equity firms such as Ares Management, Apollo Global Management, and Blackstone [1][3]. - Analysts have described the stock price drop as an overreaction, noting that OBDC II had already suspended redemptions since November [9][10]. - The sale of loans is seen as a positive step for liquidity, with analysts suggesting it establishes an efficient process for returning capital to investors [6][8]. Group 3: Broader Industry Context - Bank of America has committed $25 billion to private credit transactions, joining other major banks in increasing their involvement in this rapidly growing market [12][14]. - The private credit industry has seen significant expansion, with firms like Ares Management and Apollo Global Management heavily investing in this sector [13][14]. - The relationship between banks and alternative asset management firms is becoming increasingly complex, with banks sometimes viewing private credit growth with skepticism [14].
SMAR DEADLINE: ROSEN, A LEADING LAW FIRM, Encourages Smartsheet Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SMAR
TMX Newsfile· 2026-02-17 21:33
New York, New York--(Newsfile Corp. - February 17, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds all former stockholders of Smartsheet Inc. (NYSE: SMAR) in connection with the January 2025 sale (the "Merger" or "Buyout") of Smartsheet to affiliates of investment funds managed by affiliates of Blackstone Inc. (collectively "Blackstone"), investment funds managed by Vista Equity Partners Management, LLC ("Vista Equity Partners" or "Vista"), and Platinum Falcon B 2018 RSC Limited, an ...
SMAR DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Smartsheet Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SMAR
Globenewswire· 2026-02-15 17:11
Core Viewpoint - Rosen Law Firm is reminding former stockholders of Smartsheet Inc. about a class action lawsuit related to the January 2025 sale of Smartsheet to a consortium including Blackstone, Vista Equity Partners, and Platinum Falcon, with a lead plaintiff deadline of February 24, 2026 [1]. Group 1: Class Action Details - Former Smartsheet stockholders may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - To serve as lead plaintiff, individuals must file a motion with the Court by February 24, 2026 [3]. Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions, as many firms may lack the necessary experience [4]. - Rosen Law Firm has a history of successful settlements, including the largest securities class action settlement against a Chinese company, and has recovered hundreds of millions for investors [4]. Group 3: Allegations Against Smartsheet - The complaint alleges that Smartsheet's solicitation of stockholder approval for the buyout involved a false and misleading Proxy statement, which misrepresented the company's financial performance [5]. - Specific allegations include the intentional mischaracterization of Smartsheet's quarterly earnings and the emphasis on a fabricated financial metric to solicit approval for the buyout [5].
Coinbase Q4 Earnings & Revenues Miss Estimates on Higher Expenses
ZACKS· 2026-02-13 16:40
Core Insights - Coinbase Global, Inc. reported a fourth-quarter 2025 net operating earnings per share of 66 cents, missing the Zacks Consensus Estimate by 28.2%, and reflecting an 80.4% year-over-year decline, with a net loss of $2.49 per share [1] Operational Update - Total revenues for the quarter were $1.7 billion, missing the Zacks Consensus Estimate by 0.6%, and declining 21.5% year over year due to lower transaction revenues [2] - Total transaction revenues fell 36.8% year over year to $982.7 million, attributed to decreased consumer transaction revenues [2] - Subscription and services revenues increased 13.4% year over year to $727.4 million, driven by higher stablecoin revenues [3] - Total other revenues decreased 4.7% to $71 million [3] - Adjusted EBITDA was $566 million, reflecting a 56% year-over-year decline [3] Financial Update - As of December 31, 2025, Coinbase had cash and cash equivalents of $11.3 billion, up 21.2% from the end of 2024 [5] - Long-term debt increased 40.2% from 2024-end to $5.9 billion [5] - Shareholders' equity was $14.8 billion, up 44% from 2024-end [5] - Net cash provided by operating activities was $2.4 billion in 2025, a decline of 21.8% year over year [5] Q1 2026 Outlook - Coinbase expects subscription and services revenues to be between $550 million and $630 million, influenced by lower average USDC market capitalization and interest rates [6] - Technology and development, along with general and administrative expenses, are projected to be between $925 million and $975 million, remaining roughly flat quarter over quarter [6] - Sales and marketing expenses are expected to range from $215 million to $315 million [7] Full-Year Highlights - For the full year 2025, operating income per share was $4.45, down 53% year over year, missing the Zacks Consensus Estimate by 10.2% [10] - Total operating revenues doubled year over year to $7.1 billion but missed the Zacks Consensus Estimate by 0.8% [10] - Total trading volume grew 156% to $5.2 trillion in 2025 [10]
Wealth Manager Stocks Sink as Investors Flee AI’s Next Casualty
Yahoo Finance· 2026-02-10 19:11
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) -- An artificial intelligence tool aimed at creating tax strategies sparked a selloff in wealth-management stocks Tuesday as investors fear the business could be at risk from automated advice. The innovation puts the wealth-management industry in the crosshairs of AI competition, the way it did for software stocks and private credit firms last week and  ...
SMAR INVESTOR NOTICE: Former Smartsheet Inc. Shareholders with Substantial Holdings Have Opportunity to Lead the Smartsheet Class Action Lawsuit-RGRD Law
Globenewswire· 2026-01-29 14:10
Core Viewpoint - Smartsheet Inc. shareholders are encouraged to participate in a class action lawsuit against the company due to alleged violations related to the merger with Blackstone Inc. and Vista Equity Partners, with a deadline for lead plaintiff applications set for February 24, 2026 [1]. Group 1: Class Action Details - The class action lawsuit is titled Kara Eftimoglu v. Mader, No. 25-cv-02530 (W.D. Wash.) and pertains to shareholders who held Smartsheet securities as of October 25, 2024 [1]. - The lawsuit alleges that a misleading Schedule 14A Proxy statement was issued, leading shareholders to approve the merger at an unfair price of $56.50 per share [3]. - The complaint claims that the Proxy failed to disclose critical financial metrics, including the Annual Recurring Revenue (ARR), which was touted in press releases and earnings calls as a key indicator of Smartsheet's financial performance [4]. Group 2: Financial Metrics and Forecasts - Smartsheet's ARR metric was emphasized by management as a significant indicator of future performance, yet it was not included in the Proxy statement [4]. - The Proxy also did not disclose January 2024 forecasts prepared in the ordinary course of business, hindering shareholders' ability to assess the company's financial prospects [4]. Group 3: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who held Smartsheet securities as of the record date to seek appointment as lead plaintiff in the class action [5]. - A lead plaintiff represents the interests of all class members and can choose a law firm for litigation, with participation in potential recovery not contingent on being the lead plaintiff [5]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6]. - The firm has a strong track record, being ranked 1 in securities class action recoveries for four out of the last five years [6].
Liftoff Mobile(LFTO) - Prospectus(update)
2026-01-28 17:30
Table of Contents As filed with the Securities and Exchange Commission on January 28, 2026. Registration No. 333-292700 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Liftoff Mobile, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organization) Delaware 7370 86-1817506 (Primary Standard Industrial Classification Code Number) (I.R.S. Employe ...
SMAR INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP announces that Former Smartsheet Inc. Shareholders with Substantial Holdings Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2026-01-28 00:50
SAN DIEGO, Jan. 27, 2026 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that Smartsheet Inc. (NYSE: SMAR) shareholders who held Smartsheet securities as of the record date, October 25, 2024, and were harmed by defendants' alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 in connection with the acquisition of Smartsheet by Blackstone Inc., Vista Equity Partners Management, LLC, and the Abu Dhabi Investment Authority ("Merger"), have until February 24, 2026 to s ...