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Blackstone Acquires Minority Stake in Rockpoint

Blackstone took a reported 20% interest in the Boston-based real estate firm.

345 Park Ave. 345 Park Ave., the offices of Blackstone’s New York headquarters

NEW YORK CITY—Blackstone Strategic Capital Holdings Fund has acquired a passive, minority equity stake in Rockpoint, a Boston-based real estate private equity firm. Although the two companies did not provide terms of the transaction in their joint announcement, Bloomberg reported the interest is about 20% according to people familiar with the deal.

The fund specializes in acquiring long-term interests in leading alternative asset managers and is managed by Blackstone Alternative Asset Management, the firm’s hedge fund business.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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