Blackstone Files 13D/A for Finance of America Companies Inc.

TL;DR

Blackstone just updated their stake in FINV - big player watching this one.

AI Summary

On July 26, 2024, Blackstone Inc. and its affiliates filed an amendment to their Schedule 13D, indicating a change in their beneficial ownership of Finance of America Companies Inc. The filing details a significant stake held by Blackstone entities in the company, with specific details on the nature of their holdings and voting power.

Why It Matters

This filing provides insight into the significant investment and potential influence of a major financial firm like Blackstone on Finance of America Companies Inc., which could impact the company's strategic direction and stock performance.

Risk Assessment

Risk Level: medium — Schedule 13D filings often signal significant shifts in a company's ownership structure or potential activist involvement, which can introduce volatility.

Key Players & Entities

• Blackstone Inc. (company) — Reporting entity and beneficial owner
• Finance of America Companies Inc. (company) — Subject company
• Stephen A. Schwarzman (person) — Key individual associated with Blackstone

FAQ

Key Financial Figures

• $0.0001 — suer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• d591582dsc13da.htm (SC 13D/A) — 417KB
• 0001193125-24-186448.txt ( ) — 420KB

From the Filing

SC 13D/A 1 d591582dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 7) 1 FINANCE OF AMERICA COMPANIES INC. (Name of Issuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securities) 31738L 206 (CUSIP Number) John G. Finley Blackstone Inc. 345 Park Avenue New York, New York 10154 Tel: (212) 583-5000 with a copy to: Joshua Ford Bonnie William R. Golden III Simpson Thacher & Bartlett LLP 900 G Street, N.W. Washington, D.C. 20001 Tel: (202) 636-5500 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 25, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D. and is filing this schedule because of 240.13d-l(e). 240.13d-l(f) or 240.13d-l(g). check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. 1 The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934. as amended (the Exchange Act) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes). CUSIP NO. 31738L 206 1. Names of Reporting Persons. BTO Urban Holdings L.L.C. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds (See Instructions) OO 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Delaware Number of shares beneficially owned by each reporting person with: 7. Sole Voting Power 5,581,632* 8. Shared Voting Power 0 9. Sole Dispositive Power 5,581,632* 10. Shared Dispositive Power 0 11. Aggregate Amount Beneficially Owned by Each Reporting Person 5,581,632* 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 37.9% 14. Type of Reporting Person (See Instructions) OO * Beneficial ownership numbers reflect the Reverse Stock Split effective July 25, 2024. See Explanatory Note. 2 CUSIP NO. 31738L 206 1. Names of Reporting Persons. Blackstone Tactical Opportunities Fund - NQ L.P. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds (See Instructions) OO 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Delaware Number of shares beneficially owned by each reporting person with: 7. Sole Voting Power 5,581,632* 8. Shared Voting Power 0 9. Sole Dispositive Power 5,581,632* 10. Shared Dispositive Power 0 11. Aggregate Amount Beneficially Owned by Each Reporting Person 5,581,632* 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 37.9% 14. Type of Reporting Person (See Instructions) PN * Beneficial ownership numbers reflect the Reverse Stock Split effective July 25, 2024. See Explanatory Note. 3 CUSIP NO. 31738L 206 1. Names of Reporting Persons. Blackstone Tactical Opportunities Fund II - NQ L.P. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds (See Instructions) OO 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Delaware Number of shares beneficially owned by each reporting person with: 7. Sole Voting Power 5,581,632* 8. Shared Voting Power 0 9. Sole Dispositive Power 5,581,632* 10. Shared Dispositive Power 0 11. Aggregate Amount Beneficially Owned by Each Reporting Person 5,581,632* 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 37.9% 14. Type of Reporting Person (See Instructions) PN * Beneficial ownership numbers reflect the Reverse Stock Split effective July 25, 2024. See Explanatory Note. 4 CUSIP NO. 31738L 206 1. Names of Reporting Persons. Blackst

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