Blackstone (NYSE:BX) reshuffled assets and stakes — selling three Northern Virginia data centers to Digital Realty for $3.5B (part cash, part stock) while offloading those shares at a small discount, abandoning a planned QTS data‑center campus amid local opposition, revealing heavy redemptions in Q2 private‑credit and disclosing a 5%+ stake in Jersey Mike’s ahead of its IPO.
Previous Week Recap
- Blackstone Sells Virginia Data Centers: Blackstone sold stakes in three Northern Virginia data centers to Digital Realty for $3.5B ( $1.2B cash, $2.3B stock). Deal closes Tuesday; BX is selling received shares at up to 2.9% discount.
- Blackstone Q2 Private-Credit Redemptions: Blackstone (BX) said Q2 private‑credit faced heavy redemptions and weaker fundraising, reducing payout obligations and signaling tighter liquidity and elevated redemption pressure in the asset class.
- QTS Virginia Campus Plans Dropped: Blackstone's QTS unit dropped plans for an 800+ acre data center campus in Prince William County, Virginia after homeowner opposition, lawsuits and hearings; QTS will notify the court soon.
- Blackstone Holds Jersey Mike’s Stake: Blackstone (BX) disclosed a 5%+ stake in Jersey Mike’s via the IPO filing; Blackstone Capital Markets is an underwriter for the offering.
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