Blackstone-Led Group Set to Inject $100 Million Into Medallia
A group of private credit investors led by Blackstone Inc. is preparing to inject at least $100 million of fresh funds into Medallia Inc. as part of a restructuring that will put them in control of the software maker, according to people familiar with the matter.
Related in NYS:BX
Blackstone Agrees to Buy Stake in Greek Online Market Skroutz
Blackstone Inc. has agreed to acquire a majority stake in Greek online market place Skroutz from CVC Capital Partners Plc, expanding its footprint in the Mediterranean country.
Blackstone’s Jon Gray: The $26 Billion Bet That Felt 'Career Shortening'
What does it take to lead through a near-disaster and turn it into a $14 billion win? In this episode, Blackstone President and Chief Operating Officer Jon Gray shares lessons from the financial crisis, revealing why staying calm, backing the right businesses and building trust can make or break a leader. He also opens up about shaping culture, retaining top talent and leading with humanity—offering a rare inside look at how one of the world’s biggest investment firms navigates uncertainty. (Source: Bloomberg)
Blackstone’s Gray Says Alignment Helps Calm Private Credit Angst
A recent wave of investor redemption requests across the $1.8 trillion market for private credit prompted Blackstone Inc. to enlist senior executives in putting up capital to bolster its flagship fund, according to President Jon Gray.