Blackstone Defaults: Subprime Meltdown 2?

This story seems like it should be a bigger deal: Blackstone (NYSE:BX) has defaulted on part of a €531M bond backed by a commercial portfolio owned by Finnish property investment firm Sponda, which it acquired in 2017. The private equity firm has repaid almost half of that figure, closer to €300M, according to a person … Continue reading Blackstone Defaults: Subprime Meltdown 2?