Blackstone Integrates Leading Credit And Insurance Businesses To Form Blackstone Credit And Insurance (BXCI) In Push Toward Next $1T
Portfolio Pulse from Benzinga Newsdesk
Blackstone (NYSE:BX) has announced the integration of its corporate credit, asset-based finance, and insurance groups into a single new unit, Blackstone Credit & Insurance (BXCI). This segment has more than doubled to $295 billion in assets under management over the last three years, making it Blackstone's fastest-growing segment.
September 13, 2023 | 11:57 am
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Blackstone's new unit, BXCI, consolidates its fastest-growing segments, potentially strengthening its market position and increasing efficiency.
The integration of Blackstone's corporate credit, asset-based finance, and insurance groups into a single unit could lead to increased efficiency and a stronger market position. This could potentially have a positive impact on Blackstone's stock price in the short term.
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