Barclays PLC and Blackstone Credit & Insurance announced that Barclays Bank Delaware has entered into an agreement with insurance accounts managed by Blackstone’s Asset Based Finance group, to sell approximately US$1.1 billion of currently outstanding credit card receivables in relation to a defined set of Barclays-branded credit card accounts in the United States of America.

Blackstone announced that the Blackstone Charitable Foundation has reached $10 million in funding in Texas through its signature program, LaunchPad. The program seeks to close the opportunity gap by equipping students with entrepreneurial skills and internship opportunities to help them build lasting careers.

Blackstone, the world’s largest alternative asset manager, today celebrated the commencement of construction on its 226,000 sq ft, European headquarters located on the site of the former Lansdowne House in its long-term London home, Berkeley Square.

Blackstone (NYSE:BX) today announced that Blackstone Growth and affiliated funds (collectively “Blackstone”) have made a growth equity investment in 7 Brew Coffee, the next generation drive-thru beverage business. Blackstone’s investment seeks to help enable 7 Brew to accelerate its already-rapid expansion across the U.S., in collaboration with its premier franchise partners.

Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, together with Blackstone Credit & Insurance (BXCI), today announced a successful financial close for the 200 megawatt/800 megawatt-hour Condor Energy Storage Project (Condor) currently under construction in Grand Terrace, California.

Blackstone announced that Michael Chae, Chief Financial Officer, is scheduled to present at the Bank of America Securities 2024 Financial Services Conference on Wednesday, February 21, 2024 at 2:30pm ET.