SCHEDULE 13G/A: Carlyle Group Divests Entire Stake in Black Stone Minerals, L.P., Filing Shows

The Carlyle Group and its affiliates have filed an amended Schedule 13G, indicating they no longer hold any beneficial ownership in Black Stone Minerals, L.P. as of March 31, 2025.

Summary

• The Carlyle Group Inc. and several of its affiliated entities (collectively, 'Reporting Persons') filed an Amendment No. 3 to Schedule 13G regarding their holdings in Black Stone Minerals, L.P.
• This filing reports that as of March 31, 2025, the Reporting Persons no longer beneficially own any Common Units of Black Stone Minerals, L.P.
• Specifically, the aggregate amount beneficially owned is 0.00 Common Units, representing 0% of the class of securities.
• The filing includes a standard certification that the securities were not acquired or held for the purpose of changing or influencing control of Black Stone Minerals, L.P.
• An Exhibit 24, a Power of Attorney dated October 1, 2023, is included, authorizing specific individuals to execute and file federal and state securities laws filings on behalf of the Carlyle Companies.

Sentiment

Score: 5

Explanation: This filing is a routine disclosure of a change in beneficial ownership, specifically a complete divestment, and does not contain information that inherently indicates positive or negative sentiment about the issuer's performance or future.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding Black Stone Minerals, L.P. or The Carlyle Group's future investment strategies.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a routine disclosure of a change in institutional ownership. The complete divestment by a major investment firm like The Carlyle Group could be part of a broader portfolio rebalancing strategy, but the document does not provide specific industry context or trends.

Stakeholder Impact

• Shareholders of Black Stone Minerals, L.P. may note the complete divestment by The Carlyle Group, which could potentially influence market perception or trading activity, depending on the size of Carlyle's previous holding.

Key Dates

Keywords

Black Stone Minerals, Carlyle Group, Schedule 13G, SEC filing, beneficial ownership, common units, divestment, institutional ownership