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Blackstone Tactical Opportunities

Company Summary

Description

Tactical Opportunities (Tac Opps) is an opportunistic investing platform seeking to capitalize on global investment opportunities that are time-sensitive, complex, or in dislocated markets where we believe risk is fundamentally mispriced.

Website

https://www.blackstone.com/the-firm/asset-manageme...

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Company Transactions

Date: 4/4/2019
Type: Acquisition

BUYERS:
  • GSO Capital Partners
  • Blackstone Tactical Opportunities
    • SELLERS:
  • Targa Resources Corp.
  • Targa Badlands, LLC
    • DETAILS:

    COST: 1.6 $B

    VOLUMES: 45

    NOTES:
    Targa Resources sold its 45% interest in Targa Badlands to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities for $1.6 billion in cash
    REGIONS:
  • Williston Basin