Morrison Foerster advised Blackstone, the world's largest alternative asset manager, on its $500 million investment of preferred equity financing of ShieldAI, a venture-backed deep-tech company with the mission of protecting service members and civilians with intelligent systems. Blackstone also committed an additional $250 million delayed draw facility to support future growth. This capital will allow ShieldAI to acquire Aechelon Technology, maker of flight simulation tech used to train U.S. military pilots.
The MoFo team advising Blackstone was led by partners Damien Specht and Caitlin Crujido, with support from associates Liam Bowers and Ali Young McCann.