New York, Jan 21, 2026, 08:39 EST — Premarket
Blackstone Inc (BX.N) is exploring a sale of Beacon Offshore Energy for over $5 billion, according to a source familiar with the situation. Earlier Tuesday, Bloomberg News reported the firm had started preliminary talks with banks about a possible IPO as soon as the first quarter. Shares of Blackstone dropped 5.9% to $153.91 in Tuesday’s trading. 1
The possible Beacon exit comes as investors push buyout firms to convert holdings into cash rather than simply boosting valuations on paper. Private equity fundraising hit around $761 billion last year, a drop of about 10% from 2024, according to early Preqin data. In the U.S., the top 10 funds accounted for 46% of all capital raised, PitchBook data revealed. 2
Policy risk hit the headlines again Wednesday when President Donald Trump signed an executive order targeting big institutional buyers of single-family homes. He specifically called out firms like Blackstone, American Homes 4 Rent, and Progress Residential, arguing that “large institutional investors should not buy single-family homes that could otherwise be purchased by families.” According to a 2024 Government Accountability Office report, these investors held roughly 450,000 single-family rental homes as of June 2022—about 3% of the nationwide market. 3
Blackstone slid as Wall Street took its heaviest hit in three months Tuesday. The S&P 500 dropped 2.06%, the Nasdaq fell 2.39%, and the Dow slipped 1.76%, after Trump threatened new tariffs on eight European nations over Greenland. Jamie Cox, managing partner at Harris Financial Group, said he wasn’t ready to declare the standoff would trigger a broader market correction. 4
Blackstone stands as the globe’s biggest alternative asset manager, overseeing $1.2 trillion in assets under management (AUM) as of Sept. 30, 2025, according to its website. 5
A White House fact sheet states the housing order instructs agencies to halt federal programs that enable institutional investors to buy single-family homes. It also pushes for “first-look” policies, letting owner-occupants get priority to purchase foreclosed properties before investors do. Additionally, it directs the Treasury and housing agencies to review existing rules and for the administration to develop legislative proposals. 6
Still, questions remain. The Beacon talks are in their early stages, and energy market valuations can shift quickly. The impact of the housing order will depend on how its terms are defined and enforced — and whether it faces legal or congressional challenges.
Investors will get a better sense of Blackstone’s tone and deal pace on Jan. 29, when the firm holds its fourth-quarter and full-year 2025 investor call. 7
