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Blackstone takes minority stake in retirement products provider Annexus

Funds advised by Blackstone Tactical Opportunities Advisors LLC acquired a minority stake in Scottsdale, Ariz.-based Annexus, which provides annuities and insurance-based retirement products.

The terms of the deal were not disclosed.

Houlihan Lokey served as financial adviser to Annexus; Evercore served as financial adviser to Blackstone.