New York (HedgeCo.Net) – Hedge fund investor Blackstone hopes to raise $227.4 million in a public offering of eight and a half million shares of its class A common stock. Blackstone Mortgage Trust, Inc., wants to buy up additional commercial mortgage loans and use the money for other general corporate purposes, the company said.
Underwriters have been given a 30-day option to purchase up to an additional one and a quarter million shares which will bring the total to $261.5 million. The offering is expected to close on January 14, 2014.
BofA Merrill Lynch, Citigroup, J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers for the offering.
Also in Blackstone news, Blackstone Advisory Partners, an affiliate of the group, has hired James (“Jim”) Schaefer as Senior Managing Director of its Energy, Power and Renewables Advisory Practice in New York.
The investment giant will host a conference call for the media on Thursday, January 30, 2014 at 9:30 am ET to review fourth quarter and full year 2013 results.
Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership in HedgeCo.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
