Blackstone buys stake in Rockpoint

An investment fund controlled by Blackstone Group bought a passive, minority stake in Rockpoint Group, the company announced Tuesday. Terms of the deal weren’t publicized. The vehicle that made the investment, Blackstone’s Strategic Capital Holdings Fund, falls under the private equity firm’s hedge fund business. The Boston-based real estate investment firm Rockpoint quietly emerged as one of New York’s most active real estate investors over the past few years.  In recent months, the fund manager […]


Source: Real Estate

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