Blackstone purchasing commerical real estate loans

Market Overview
Read time 1.9 minutes

Year To Date Performances:

1. Blackstone is on the verge of clinching a deal to buy a vast portfolio of commercial real estate loans worth approximately $17 billion from the Federal Deposit Insurance Corp (FDIC), tied to the defunct Signature Bank. Since the bank's collapse in March, FDIC has been looking to offload this diversified loan portfolio, which includes a range of properties such as retail and office spaces, industrial buildings, and residential complexes. Negotiations are currently in their final stages, with Blackstone's bid emerging as the most favorable in terms of cost-effectiveness for the FDIC. However, the complexity of such deals means that details are still being worked out, leaving room for potential changes in the agreement or the possibility of another bidder swooping in to claim the portfolio.

2. In the midst of a recent controversy involving accusations of antisemitism, Elon Musk took to X on Sunday to affirm his positive intentions for humanity. The backlash stemmed from Musk's endorsement of a contentious viewpoint, which was interpreted as suggesting an inherent antagonism of Jewish people towards white individuals. This incident led major companies such as Comcast, Paramount Global, Apple, and Disney to halt their advertising activities on X. However, Elon Musk found support from figures like hedge fund manager Bill Ackman. In the background of these developments, the Financial Times has reported that certain high-ranking advertising executives have quietly advised Linda Yaccarino, the CEO of X, to consider stepping down to protect her professional standing.

3. Could an experienced entrepreneur help you grow your startup? My strategy calls are booked full to the end of November. If you want to have a call in 2023 to discuss how you can maximize your chances of startup success, make sure to act fast and book now.

4. Headlines

   1. Cruise’s CEO has resigned after the company’s licenses were revoked in California.

   2. Microsoft has hired Sam Altman to lead its new AI division.

   _{* This is sponsored content.}

Are you looking to grow your business? Here is how I can help:

📢 Promote your startup to 2,000+ VCs including investors from a16z, YC, Techstars, Rarebreed, Sequoia and more.

📱 Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

📺 Access FundraiseOS, the ultimate fundraising course with video lessons and practical worksheets helping with everything from deciding how much to raise to understanding a term sheet.

💸 Promote your product or service to 100,000+ entrepreneurs.

🌐 Connect with me on LinkedIn or X (formerly Twitter) to get access to new content about startups, fundraising, venture capital, and more every day.

Your continued support means a tremendous amount to me. Each person subscribed to this newsletter is trying to improve themselves and their business every day. Always remember that the best goal in life is to make sure every day is better than the last. Keep putting in the work, find the right mentors/advisors, and you will see the results!

Onwards and Upwards,

Liam Gill

P.S. It would greatly help me if you could share the newsletter with more founders to help grow our community!

P.P.S. Check out the newsletters below if you are looking to raise venture capital or invest in startups!