Blackstone-Backed FTV Invests in Compliance Platform FundApps
The Blackstone Inc. -backed firm is providing a significant growth equity investment to FundApps, according to a statement reviewed by Bloomberg News. The deal values the compliance monitoring platform at about $500 million, people familiar with the matter said, asking not to be identified as the information is private.
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Yahoo
2 hours ago
- Yahoo
Why Blackstone Rallied Today
Key Points Blackstone delivered another solid revenue and earnings beat. The private equity giant rode a market recovery and steady inflows to achieve an AUM over $1.2 trillion. It's possible the Trump administration may open retirement accounts to private equity, which could add another boost. 10 stocks we like better than Blackstone › Shares of alternative investment giant Blackstone (NYSE: BX) rallied 4.5% today as of 2:06 p.m. ET. Blackstone reported second-quarter earnings today that came in well ahead of analyst estimates, as the world's largest private equity firm continues to be the gold standard in the alternative investment world. And a potential new opportunity to raise capital from retirement accounts is adding to the optimism. Blackstone continues to roll on In the second quarter, Blackstone's revenue grew 33% to $3.71 billion, while EPS grew a whopping 69% to $0.98, beating expectations. Of course, the markets recovered strongly during the second quarter, which boosted realizations and accrued performance revenues. Meanwhile, Blackstone continued to rake in more assets under management, with inflows totaling a whopping $52.1 billion, roughly consistent with prior three quarters. Total AUM grew to a stunning $1.21 trillion -- with a "T" -- up 12.4% relative to a year ago. Meanwhile, a significant portion of that AUM at around 15% is still in "dry powder," which isn't earning fees yet and can be redeployed opportunistically. President Trump wants to open 401(k) accounts to PE Blackstone shares rallied even over and above a recent rally spurred on by news reports that the Trump administration may issue an executive order that will allow private equity investments within 401(k)s and other retirement accounts. That could be a boon to private equity firms like Blackstone, although the PE giants will also have to be careful about the opportunity. On the conference call with analysts, current CEO Jonathan Gray said: I think we all need to be patient here. But as we've talked about in the past, we think this is compelling for individual investors today in the defined contributions world. The access to alternatives, both the returns and diversification benefits, So we would expect this is going to happen at some point over time... it's obviously more appropriate for somebody earlier in their, sort of lifespan as opposed to somebody just on the cusp of retirement. And so I think the target date funds where we'll see this initially take hold. Obviously, it's a very large market. And for us specifically, the fact that we have created scale perpetual products that have track records that can absorb large amounts of capital that is a real competitive advantage. While it appears all systems are a go for Blackstone, both in terms of recent investment performance and the prospect of more steady inflows and new sources of capital, much optimism is priced into the stock already, at 36.7 times this year's earnings estimates. Therefore, shares look like a hold for now, but perhaps not a buy until another market correction. Should you buy stock in Blackstone right now? Before you buy stock in Blackstone, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Blackstone wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $634,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,799!* Now, it's worth noting Stock Advisor's total average return is 1,037% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Billy Duberstein and/or his clients have positions in Blackstone. The Motley Fool has positions in and recommends Blackstone. The Motley Fool has a disclosure policy. Why Blackstone Rallied Today was originally published by The Motley Fool Sign in to access your portfolio
The Hill
3 hours ago
- The Hill
U.S. drops to lowest ranking yet on index of most powerful passports
The U.S. has dropped to its lowest ranking yet on the index that tracks the most powerful passports among countries, according to a new quarterly report released this week. The Henley Passport Index, which was formed by London-based consulting firm Henley & Partners, revealed in a Tuesday update that the U.S. has gone down by one spot in the world rankings, and now has the 10th most powerful passport worldwide. The report is compiled using data from the International Air Transport Association. The U.S. was first on the list in 2014. The U.S. passport allows Americans to enter 182 countries without a visa. Tied with the U.S. are Lithuania and Iceland. 'The consolidation we're seeing at the top underscores that access is earned — and must be maintained — through active and strategic diplomacy. Nations that proactively negotiate visa waivers and nurture reciprocal agreements continue to rise, while the opposite applies to those that are less engaged in such efforts,' said Christian H. Kaelinm, the inventor of the passport index concept. Singapore is still in first place, allowing its citizens visa-free access to 193 destination spots. South Korea and Japan share second place, granting 190 visa-free destinations to their citizens. Seven European Union (EU) countries — Denmark, Finland, France, Germany, Ireland, Italy, and Spain — are in the third spot. Seven other EU nations — Austria, Belgium, Luxembourg, Netherlands, Norway, Portugal and Sweden — are in fourth place, while Greece, Switzerland and New Zealand are tied in fifth place, according to the report. Afghanistan is at the bottom of the list with allowing visa-free access to 25 destinations. 'While international passport rankings may vary based on methodology, our focus remains on facilitating secure, efficient, and reciprocal travel for American citizens and foreign nationals alike,' a State Department spokesperson said in a statement to CBS News.
Yahoo
3 hours ago
- Yahoo
Trump to land in Scotland on Friday for start of five-day private trip
Donald Trump will land in Scotland later on Friday as he begins his five-day private trip to the country. The US president is expected to arrive at Prestwick Airport in the evening, before heading over to his Turnberry golf course in South Ayrshire. He is then expected to head over to his Menie golf course in Aberdeenshire before opening up a new course dedicated to his Scottish mother, who grew up on the Isle of Lewis. He will leave the country at some point on Tuesday. His presence will result in a significant operation from Police Scotland and thousands of officers, who are expected to deal with mass protests around his golf courses and major Scottish cities. Mr Trump will be greeted by Scottish Secretary Ian Murray when he lands, with the minister pledging to give the American leader a 'warm welcome'. He will meet with Prime Minister Sir Keir Starmer during his stay when the pair will discuss the UK-US trade deal. The US president will also meet with First Minister John Swinney. The SNP leader previously said he would have the opportunity to raise various issues with Mr Trump, including tariffs, Gaza and Ukraine. Speaking ahead of his arrival, Mr Swinney said the global attention the visit will receive provides Scotland with an opportunity to respectfully demonstrate the principles of freedom and justice for all, while also promoting Scotland's tourism sector and economic investment potential. He said: 'Scotland shares a strong friendship with the United States that goes back centuries. 'That partnership remains steadfast through economic, cultural and ancestral links – including of course, with the President himself. 'As we welcome the President of the United States, Scotland will be showcased on the world stage. 'This provides Scotland with a platform to make its voice heard on the issues that matter, including war and peace, justice and democracy. 'It also includes the millions of Americans – many of them potential future tourists or investors in Scotland – who will watch their elected President as he visits our country. 'As First Minister it is my responsibility to advance our interests, raise global and humanitarian issues of significant importance, including the unimaginable suffering we are witnessing in Gaza, and ensure Scotland's voice is heard at the highest levels of government across the world. 'That is exactly what I will do when I meet with President Trump during his time in Scotland.' The SNP leader said Scotland is a 'proud democratic nation' that 'stands firm on the principles of equality and freedom for all, and a society that stands up for a fair and just world'. Ahead of protests expected around Scotland, he said people had a right to 'peaceful demonstration', adding that 'everyone has the democratic right to protect and express their views in a peaceful, and democratic manner'. 'That is right and proper,' he added. 'I am confident the vast majority of people protesting will do Scotland proud and demonstrate as they should – peacefully and lawfully. 'I am also confident that Scotland's police service can handle the challenge of keeping all our communities safe and, as they must, in maintaining the appropriate security any US President requires. 'This weekend is a landmark moment in our relationship with the United States, and I am certain it will be remembered for Scotland showing the world the very best of itself.'
