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Blackstone Invests In Rockpoint Group

Blackstone and Rockpoint Group, L.L.C. announced today that Blackstone’s Strategic Capital Holdings Fund has acquired a passive, minority equity stake in Rockpoint, a Boston-based global real estate investment management firm. Terms of the transaction were not disclosed. Rockpoint co-founder Bill Walton said: "This permanent capital investment by Blackstone is a testament to our team and investment programs. It will further strengthen our firm while preserving its entrepreneurial culture.” Rockpoint co-founder Keith Gelb added: “We have great respect for Blackstone’s business and the brand it has established across asset classes. Our firms share a strong commitment to excellence and integrity. We look forward to having...