Blackstone Tactical Opportunities

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. The Tac Opps’ team invests globally across asset classes, industries and geographies, and can leverage intellectual capital from across Blackstone’s businesses to inform investment due diligence and execution. Our flexible investment mandate enables us to dynamically adjust to changing market conditions and to focus on deep value opportunities that may be overlooked by less nimble market participants.

Viral Patel

Senior Managing Director

15 past transactions

Recurrent Ventures

Private Equity Round in 2022
Recurrent is an innovative digital media company that empowers brands to grow, and connect with consumers in a way that is enjoyable, sustainable, inspiring, and profitable—while maintaining editorial integrity. Its best-in-class brands like Popular Science, The Drive, Domino, MEL, Outdoor Life, Field & Stream, Car Bibles, SAVEUR, Futurism, and Task & Purpose engage a combined audience of more than 50 million monthly unique visitors. Initially founded in late 2018 with the acquisition of The Drive, the portfolio rapidly expanded under the ownership and backing of North Equity LLC to include 20 digital media brands across automotive, home, lifestyle, military, outdoors, and science and tech verticals.

Currencies Direct

Private Equity Round in 2022
Currencies Direct provides foreign exchange payment services to corporate and personal clients. The company’s products include spot contracts, forward contracts, regular transfers, limit orders, rate watches, stop loss orders, and multiple payments. It also offers overseas property, emigration, regular payment, online money transfer, travel money, international student, art and antique, business, business account, currency option, and risk management. Currencies Direct was founded in 1995 and is headquartered in London.

DECA Dental

Venture Round in 2021
A beautiful, healthy smile is a significant investment that you want to last a lifetime. Many patients receiving dental restorations worry about the possibility of future damage to their smile. Patients no longer have to worry about bearing the possible costs of future repair work or restoration replacements. They take pride in their dental work and are confident in the high quality of their services. That’s why at DECA Dental, we offer an exclusive Warranty.

Walker Edison

Private Equity Round in 2021
Walker Edison partner and a drop-ship solution for the biggest names in e-commerce. We are a data centric organization that is committed to deliver more than just innovative furniture - we are committed to help our customers Live Outside the Box™. Walker Edison is a global organization with operations in Brazil, Asia, the UK and Germany.
Finance of America Companies provides a selection of lending products and services. Their products include home loans, reverse mortgages, commercial loans, and lender services. Their operating segments include mortgage originations, reverse originations, commercial originations, lender services, and portfolio management.

FireEye

Post in 2020
FireEye is a cyber security company that combines the automation of technology with unparalleled frontline human expertise, including industry-recognized services and nation-state grade threat intelligence. On the front lines of cyber attacks every day, FireEye has unrivaled real-time knowledge of the global threat landscape spanning more than two decades, gathered by hundreds of highly experienced threat researchers, platform engineers, malware analysts, intelligence analysts, and investigators, as well as a global network of best-in-class business partners. This unique understanding of how organizations combat cyber attacks guides the products FireEye builds. Working as a seamless, scalable extension of customer security operations, FireEye offers a unified platform called Helix that integrates and analyzes the data from security assets to offer real answers about the threats that matter. With innovative security technologies, nation-state grade threat intelligence, and world-renowned Mandiant consultants, FireEye eliminates the complexity and burden of cyber security for organizations struggling to prepare for, respond to, and remediate cyber attacks.

Ki Insurance

Private Equity Round in 2020
Ki Insurance is a fully digital and algorithmically-driven Lloyd’s of London syndicate offering instant capacity, accessible at any time.

Diligent

Private Equity Round in 2020
Diligent is the largest governance, risk and compliance (GRC) SaaS provider, serving more than one million users from over 23,000 organizations around the globe. Our modern GRC platform ensures boards, executives and other leaders have a holistic, integrated view of audit, risk, information security, ethics and compliance across the organization and up to the board. Diligent brings technology, insights and confidence to leaders so they can build more effective, equitable and successful organizations. We empower 62% of the Fortune 500, 90% of the FTSE 100 and 83% of the ASX 200 to improve their bottom line, keep pace with stakeholder expectations and create lasting, positive impact on the world. Diligent is valued at $7 billion with more than $500 million in revenue.

ConnectiveRx

Private Equity Round in 2020
ConnectiveRx delivers affordability and adherence messaging solutions through all stages of the patient’s medication journey to help them get and stay on their medications. The company provides these solutions to over 125 biopharmaceutical manufacturers. ConnectiveRx is also home to PDR, a trusted brand with a 70-year history of delivering medication information to healthcare professionals nationally.

HH Global

Private Equity Round in 2019
HH Global is a leading provider of tech-enabled marketing execution services for prominent brands. The company specializes in delivering a comprehensive range of marketing materials, including print and packaging procurement, through an advanced technology platform. By leveraging the expertise of its workforce and established processes, HH Global aims to streamline clients' supply chains, reduce operating costs, and enhance the quality and sustainability of their marketing efforts. The company's innovative solutions are designed to improve speed to market, allowing clients to concentrate on their core business areas while optimizing their marketing strategies.

Prima.it

Series A in 2018
Prima.it distributes online insurance policies for cars, motorcycles, and vans. Through its online services, It enables its users to save time and manage all aspects of their insurance policies.

Cylance

Series E in 2018
Cylance is the first company to apply artificial intelligence, algorithmic science, and machine learning to cybersecurity and improve the way companies, governments, and end-users proactively solve the world’s most difficult security problems. Using a breakthrough mathematical process, Cylance quickly and accurately identifies what is safe and what is a threat, not just what is in a blacklist or whitelist. By coupling sophisticated math and machine learning with a unique understanding of a hacker’s mentality, Cylance provides the technology and services to be truly predictive and preventive against advanced threats.

Joa Groupe

Private Equity Round in 2017
Joa Groupe owns and operates a chain of casinos in France. It operates bars, restaurants, cinema and disco facilities, poker, and slot machines in its casinos. Joa Groupe also offers online games. Groupe Moliflor Loisirs that began operation in 1948 became Joa Groupe on March 10, 2008, with its headquarters in Lyon in France.

BTIG

Venture Round in 2016
BTIG is a global financial services firm specializing in institutional trading, investment banking, research and related brokerage services. With an extensive global footprint and more than 700 employees, BTIG, LLC and its affiliates operate out of the U.S., and in Europe, Asia and Australia. BTIG offers execution, expertise and insights for equities, equity derivatives, ETFs and fixed income, currency and commodities. The firm’s core capabilities include global execution, portfolio, electronic and outsource trading, investment banking, prime brokerage, capital introduction, corporate access, research and strategy, commission management and more.

Cylance

Series D in 2016
Cylance is the first company to apply artificial intelligence, algorithmic science, and machine learning to cybersecurity and improve the way companies, governments, and end-users proactively solve the world’s most difficult security problems. Using a breakthrough mathematical process, Cylance quickly and accurately identifies what is safe and what is a threat, not just what is in a blacklist or whitelist. By coupling sophisticated math and machine learning with a unique understanding of a hacker’s mentality, Cylance provides the technology and services to be truly predictive and preventive against advanced threats.
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