Investment Summary

The Blackstone Group Invests In DataDirect Networks

On January 9, 2025, private equity firm The Blackstone Group invested in information technology company DataDirect Networks

Investment Highlights
  • This is The Blackstone Group’s 24th transaction in the Information Technology sector.
  • This is The Blackstone Group’s 213th transaction in the United States.
  • This is The Blackstone Group’s 18th transaction in California.

Investment Summary

Date 2025-01-09
Target DataDirect Networks
Sector Information Technology
Investor(s) The Blackstone Group
Deal Type Growth Capital
Advisor(s) BofA Securities (Financial)

Target

DataDirect Networks

Chatsworth, California, United States
DDN is an AI and data intelligence company that empowers organizations to maximize the value of their data with end-to-end HPC and AI-focused solutions. Its customers range from the largest global enterprises and AI hyperscalers to cutting-edge research centers, all leveraging DDN’s proven data intelligence platform for scalable, secure, and high-performance AI deployments that drive 10x returns. DDN was formed in 1998 and is based in Chatsworth, California.

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Investor(S) 1

Investor

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 342 of 348
Sector (Information Technology) 24 of 24
Type (Growth Capital) 38 of 38
State (California) 18 of 19
Country (United States) 213 of 217
Year (2025) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-07 Citrin Cooperman

New York, New York, United States

Citrin Cooperman is a professional services firm that has steadily built its business serving a diverse and loyal clientele. The company provides a comprehensive, integrated business approach to traditional services, which includes proactive insights throughout the lifecycle of clients wherever they do business, across the globe. Citrin Cooperman & Company, LLP, a licensed independent CPA firm that provides attest services, and Citrin Cooperman Advisors LLC which provides business advisory and non-attest services, operate as an alternative practice structure in accordance with the AICPA’s Code of Professional Conduct and applicable laws, regulations and professional standards. Citrin Cooperman was formed in 1979 and is based in New York, New York.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-24 Potomac

Leesburg, Virginia, United States

Potomac is a 774-megawatt natural gas power plant in Leesburg, Virginia.

Buy -