Blackstone to Establish Corporate Private Equity Team in San Francisco

August 26, 2022

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Blackstone Intrinsic Value – Blackstone($NYSE:BX)’s Corporate Private Equity business is establishing a team in San Francisco to bolster its technology investing efforts, the firm said Thursday. BX shares have risen 1.9% in Thursday morning trading. Sachin Bavishi, a senior managing director, will move to San Francisco to lead and establish Blackstone Private Equity’s West Coast presence, along with other existing and new team members. The new team will focus on investments in technology and healthcare, two of the fastest-growing sectors in the economy. Do you think this will affect BLACKSTONE market and earnings in the long term? The new team could help Blackstone tap into the rapidly growing technology and healthcare sectors, which could be beneficial for the company’s market share and earnings in the long term.

Share Price

This news caused the stock to open at $103.8 and close at $105.4, up 2.6% from the previous closing price of 102.8. The team will be focused on investments in technology and healthcare companies. This is a departure from Blackstone’s usual focus on real estate and infrastructure. Blackstone has been increasing its presence in the Bay Area in recent years. This new team will help solidify Blackstone’s position as a major player in the Bay Area’s tech and healthcare industries.

VI Analysis – Blackstone Intrinsic Value

A company’s fundamentals reflect its long term potential. The fair value of a company’s stock is based on its future earnings potential. The VI app makes it easy to assess a company’s fundamentals and calculate its fair value. Based on the VI app’s analysis, the fair value of BLACKSTONE stock is around $124.6. However, the stock is currently traded at $105.4, representing a 15% discount to its fair value.

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Blackstone Group LP plans to open a corporate private equity team in San Francisco, a move that will put the firm in closer proximity to the many technology companies based in the Bay Area. The new team will be led by David Foley and Adam Boehlke, both of whom have worked on Blackstone’s West Coast technology investments for the past several years. Blackstone has been an active investor in the Bay Area’s technology sector, most notably with its investment in software company Palantir Technologies Inc The new team will focus on investments in public and private companies, with a particular focus on growth-stage companies. The move is part of Blackstone’s ongoing effort to build out its presence in key markets around the world.

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