Cloudreach
In 2017, Tac Opps acquired a stake in Cloudreach, a leading cloud services provider. We made this investment because we precociously identified a growing need in the market for enterprise end-to-end cloud solutions via the insights from executives across Blackstone portfolio companies as well as our internal team of technology-focused professionals.
PayPal
In 2015, Tac Opps acquired from PayPal an interest in a portfolio of U.S. consumer credit accounts. Tac Opps’ nimble, flexible approach enabled us to partner with a leading payments company to create an attractive opportunity in the consumer credit space while mitigating downside risk.
Shipping Insurance
In 2012, Tac Opps created an unprecedented structured investment providing credit insurance on a portfolio of shipping loans. Despite sector-specific risks, Tac Opps recognized the quality and attractive relative value of the credits. Using our flexible capital and rigorous approach to due diligence, we individually selected the strongest credits and aggregated them into a bespoke, structured portfolio.
Phoenix Tower
In 2014, Tac Opps invested in Phoenix Tower International, a wireless cellular infrastructure platform focused on the Americas. By virtue of a thematic focus and deep expertise in digital infrastructure, we were able to partner with an experienced management team and source the investment on a proprietary basis. Today, Phoenix Tower is a leading telecom infrastructure provider present in 14 countries.
Pretium
In 2015, Tac Opps made a structured investment in Pretium Resources, a publicly listed mining company developing the third-largest high-grade gold mine in the Western hemisphere. We leveraged Blackstone’s expertise in metals and our ability to develop bespoke investment structures to invest across the Pretium capital structure to mitigate downside risk while preserving upside return potential.
Rothesay Life
In 2013, Tac Opps acquired an equity stake in Rothesay Life, a U.K. pension insurer. Our experience in insurance enabled us to recognize Rothesay’s solid position and strong management team in a market we believed was poised for growth. Following our investment we partnered with Rothesay to pursue growth initiatives while maintaining the company’s sound operational and investment management to arrive at what is today the U.K.’s largest private pension insurer.