Filing Details

Accession Number:
0001193125-20-035532
Form Type:
13G Filing
Publication Date:
2020-02-13 16:05:59
Filed By:
Carlyle Group Management L.l.c.
Company:
Black Stone Minerals L.p. (NYSE:BSM)
Filing Date:
2020-02-13
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Carlyle Group Management 0 14,711,219 0 14,711,219 14,711,219 6.7%
The Carlyle Group Inc 0 14,711,219 0 14,711,219 14,711,219 6.7%
Carlyle Holdings I GP Inc 0 14,711,219 0 14,711,219 14,711,219 6.7%
Carlyle Holdings I GP Sub 0 14,711,219 0 14,711,219 14,711,219 6.7%
Carlyle Holdings I 0 14,711,219 0 14,711,219 14,711,219 6.7%
CG Subsidiary Holdings 0 14,711,219 0 14,711,219 14,711,219 6.7%
TC Group 0 14,711,219 0 14,711,219 14,711,219 6.7%
TC Group Sub 0 14,711,219 0 14,711,219 14,711,219 6.7%
TC Group CEMOF II 0 14,711,219 0 14,711,219 14,711,219 6.7%
CEMOF II General Partner 0 14,711,219 0 14,711,219 14,711,219 6.7%
CEMOF II AIV 0 14,711,219 0 14,711,219 14,711,219 6.7%
Mineral Royalties One 0 14,711,219 0 14,711,219 14,711,219 6.7%
Filing

 

 

Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)*

 

 

Black Stone Minerals, L.P.

(Name of Issuer)

Common Units

(Title of Class of Securities)

09225M101

(CUSIP Number)

December 31, 2019

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

Rule 13d-1(b)

 

Rule 13d-1(c)

 

Rule 13d-1(d)

 

*

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 the disclosures provided in a prior cover page.

The information required in 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 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 09225M101    Schedule 13G    Page 1 of 18

 

  1   

Names of Reporting Persons

 

Carlyle Group Management L.L.C.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

14,711,219

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

14,711,219

  9   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

14,711,219

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

6.7%

12  

Type of Reporting Person

 

OO (Limited Liability Company)


CUSIP No. 09225M101    Schedule 13G    Page 2 of 18

 

  1   

Names of Reporting Persons

 

The Carlyle Group Inc.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

14,711,219

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

14,711,219

  9   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

14,711,219

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

6.7%

12  

Type of Reporting Person

 

CO


CUSIP No. 09225M101    Schedule 13G    Page 3 of 18

 

  1   

Names of Reporting Persons

 

Carlyle Holdings I GP Inc.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

14,711,219

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

14,711,219

  9   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

14,711,219

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

6.7%

12  

Type of Reporting Person

 

CO


CUSIP No. 09225M101    Schedule 13G    Page 4 of 18

 

  1   

Names of Reporting Persons

 

Carlyle Holdings I GP Sub L.L.C.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

14,711,219

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

14,711,219

  9   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

14,711,219

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

6.7%

12  

Type of Reporting Person

 

OO (Limited Liability Company)


CUSIP No. 09225M101    Schedule 13G    Page 5 of 18

 

  1   

Names of Reporting Persons

 

Carlyle Holdings I L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

14,711,219

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

14,711,219

  9   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

14,711,219

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

6.7%

12  

Type of Reporting Person

 

PN


CUSIP No. 09225M101    Schedule 13G    Page 6 of 18

 

  1   

Names of Reporting Persons

 

CG Subsidiary Holdings L.L.C.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

14,711,219

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

14,711,219

  9   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

14,711,219

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

6.7%

12  

Type of Reporting Person

 

OO (Limited Liability Company)


CUSIP No. 09225M101    Schedule 13G    Page 7 of 18

 

  1   

Names of Reporting Persons

 

TC Group, L.L.C.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

14,711,219

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

14,711,219

  9   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

14,711,219

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

6.7%

12  

Type of Reporting Person

 

OO (Limited Liability Company)


CUSIP No. 09225M101    Schedule 13G    Page 8 of 18

 

  1   

Names of Reporting Persons

 

TC Group Sub L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

14,711,219

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

14,711,219

  9   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

14,711,219

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

6.7%

12  

Type of Reporting Person

 

PN


CUSIP No. 09225M101    Schedule 13G    Page 9 of 18

 

  1   

Names of Reporting Persons

 

TC Group CEMOF II, L.L.C.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

14,711,219

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

14,711,219

  9   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

14,711,219

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

6.7%

12  

Type of Reporting Person

 

OO (Limited Liability Company)


CUSIP No. 09225M101    Schedule 13G    Page 10 of 18

 

  1   

Names of Reporting Persons

 

CEMOF II General Partner, L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

14,711,219

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

14,711,219

  9   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

14,711,219

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

6.7%

12  

Type of Reporting Person

 

PN


CUSIP No. 09225M101    Schedule 13G    Page 11 of 18

 

  1   

Names of Reporting Persons

 

CEMOF II AIV, L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

14,711,219

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

14,711,219

  9   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

14,711,219

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

6.7%

12  

Type of Reporting Person

 

PN


CUSIP No. 09225M101    Schedule 13G    Page 12 of 18

 

  1   

Names of Reporting Persons

 

Mineral Royalties One, L.L.C.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

14,711,219

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

14,711,219

  9   

Aggregate Amount Beneficially Owned by Each Reporting Person

 

14,711,219

10  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

6.7%

12  

Type of Reporting Person

 

OO (Limited Liability Company)


CUSIP No. 09225M101    Schedule 13G    Page 13 of 18

 

ITEM 1.

(a) Name of Issuer:

Black Stone Minerals, L.P. (the Issuer)

 

    

(b) Address of Issuers Principal Executive Offices:

1001 Fannin Street, Suite 2020

Houston, Texas 77002

 

ITEM 2.

(a) Name of Person Filing:

Each of the following is hereinafter individually referred to as a Reporting Person and collectively as the Reporting Persons. This statement is filed on behalf of:

The Carlyle Group Inc.

Carlyle Group Management L.L.C.

Carlyle Holdings I GP Inc.

Carlyle Holdings I GP Sub L.L.C.

Carlyle Holdings I L.P.

CG Subsidiary Holdings L.L.C.

TC Group, L.L.C.

TC Group Sub L.P.

TC Group CEMOF II, L.L.C.

CEMOF II General Partner, L.P.

CEMOF II AIV, L.P.

Mineral Royalties One, L.L.C.

 

    

(b) Address or Principal Business Office:

The address of each of the Reporting Persons is c/o The Carlyle Group, 1001 Pennsylvania Ave., N.W., Suite 220 South, Washington, D.C. 20004-2505.

 

    

(c) Citizenship of each Reporting Person is:

Each of the Reporting Persons is organized in the state of Delaware.

 

    

(d) Title of Class of Securities:

Common Units representing limited partner interests (Common Units).

 

    

(e) CUSIP Number:

09225M101


CUSIP No. 09225M101    Schedule 13G    Page 14 of 18

 

ITEM 3.

Not applicable.

 

ITEM 4.

Ownership.

 

    

(a-c)

The ownership information presented below represents beneficial ownership of Common Units of the Issuer, based on 205,959,790 Common Units outstanding as of October 30, 2019 and assuming the conversion of the Series B Cumulative Convertible Preferred Units (the Preferred Units) beneficially owned by the Reporting Persons.

 

Reporting Person   

Amount

beneficially

owned

    

Percent

of class:

    Sole
power
to vote
or to
direct
the
vote:
     Shared
power to
vote or to
direct the
vote:
    

Sole
power to
dispose or
to direct
the
disposition

of:

    

Shared

power to

dispose or

to direct

the

disposition

of:

 

Carlyle Group Management L.L.C.

     14,711,219        6.7     0        14,711,219        0        14,711,219  

The Carlyle Group Inc.

     14,711,219        6.7     0        14,711,219        0        14,711,219  

Carlyle Holdings I GP Inc.

     14,711,219        6.7     0        14,711,219        0        14,711,219  

Carlyle Holdings I GP Sub L.L.C.

     14,711,219        6.7     0        14,711,219        0        14,711,219  

Carlyle Holdings I L.P.

     14,711,219        6.7     0        14,711,219        0        14,711,219  

CG Subsidiary Holdings L.L.C.

     14,711,219        6.7     0        14,711,219        0        14,711,219  

TC Group, L.L.C.

     14,711,219        6.7     0        14,711,219        0        14,711,219  

TC Group Sub L.P.

     14,711,219        6.7     0        14,711,219        0        14,711,219  

TC Group CEMOF II, L.L.C.

     14,711,219        6.7     0        14,711,219        0        14,711,219  

CEMOF II General Partner, L.P.

     14,711,219        6.7     0        14,711,219        0        14,711,219  

CEMOF II AIV, L.P.

     14,711,219        6.7     0        14,711,219        0        14,711,219  

Mineral Royalties One, L.L.C.

     14,711,219        6.7     0        14,711,219        0        14,711,219  

Mineral Royalties One, L.L.C. is the record holder of 14,711,219 Series B Cumulative Convertible Preferred Units (the Preferred Units), and may be deemed to beneficially own 14,711,219 Common Units issuable upon conversion of the Preferred Units.

Carlyle Group Management L.L.C. holds an irrevocable proxy to vote a majority of the shares of The Carlyle Group Inc., which is a publicly traded entity listed on NASDAQ. The Carlyle Group Inc. is the sole shareholder of Carlyle Holdings I GP Inc., which is the managing member of Carlyle Holdings I GP Sub L.L.C., which is the general partner of Carlyle Holdings I L.P., which, with respect to the securities reported herein, is the managing member of CG Subsidiary Holdings L.L.C., which is the sole member of TC Group, L.L.C., which is the general partner of TC Group Sub L.P., which is the managing member of TC Group CEMOF II, L.L.C., which is the general partner of CEMOF II General Partner, L.P., which is the general partner of CEMOF II AIV, L.P., which is the managing member of Mineral Royalties One, L.L.C. Accordingly, each of these entities may be deemed to share beneficial ownership of the Common Units beneficially owned by Mineral Royalties One, L.L.C.


CUSIP No. 09225M101    Schedule 13G    Page 15 of 18

 

ITEM 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

 

ITEM 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

 

ITEM 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

 

ITEM 8.

Identification and Classification of Members of the Group.

Not applicable.

 

ITEM 9.

Notice of Dissolution of Group.

Not applicable.

 

ITEM 10.

Certification.

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.


CUSIP No. 09225M101    Schedule 13G    Page 16 of 18

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:    February 13, 2020

 

CARLYLE GROUP MANAGEMENT L.L.C.
By:  

/s/ Anne Frederick, attorney-in-fact

Name:   Curtis L. Buser
Title:   Chief Financial Officer
THE CARLYLE GROUP INC.
By:  

/s/ Anne Frederick, attorney-in-fact

Name:   Curtis L. Buser
Title:   Chief Financial Officer
CARLYLE HOLDINGS I GP INC.
By:  

/s/ Anne Frederick, attorney-in-fact

Name:   Curtis L. Buser
Title:   Chief Financial Officer
CARLYLE HOLDINGS I GP SUB L.L.C.
By: Carlyle Holdings I GP Inc., its managing member
By:  

/s/ Anne Frederick, attorney-in-fact

Name:   Curtis L. Buser
Title:   Chief Financial Officer
CARLYLE HOLDINGS I L.P.
By:  

/s/ Anne Frederick, attorney-in-fact

Name:   Curtis L. Buser
Title:   Chief Financial Officer
CG SUBSIDIARY HOLDINGS L.L.C.
By: Carlyle Holdings I L.P., its managing member
By:  

/s/ Anne Frederick, attorney-in-fact

Name:   Curtis L. Buser
Title:   Chief Financial Officer

CUSIP No. 09225M101    Schedule 13G    Page 17 of 18

 

TC GROUP, L.L.C.
By: Carlyle Holdings I L.P., its managing member
By:  

/s/ Anne Frederick, attorney-in-fact

Name:   Curtis L. Buser
Title:   Chief Financial Officer
TC GROUP SUB L.P.
By: TC Group, L.L.C., its general partner
By: Carlyle Holdings I L.P., its managing member
By:  

/s/ Anne Frederick, attorney-in-fact

Name:   Curtis L. Buser
Title:   Chief Financial Officer
TC GROUP CEMOF II, L.L.C.
By:  

/s/ Ryan R. Toteja

Name:   Ryan R. Toteja
Title:   Authorized Person
CEMOF II GENERAL PARTNER, L.P.
By:  

/s/ Ryan R. Toteja

Name:   Ryan R. Toteja
Title:   Authorized Person
CEMOF II AIV, L.P.
By: CEMOF II General Partner, L.P., its general partner
By: TC Group CEMOF II, L.L.C., its general partner
By:  

/s/ Ryan R. Toteja

Name:   Ryan R. Toteja
Title:   Authorized Person
MINERAL ROYALTIES ONE, L.L.C.
By:  

/s/ Ryan R. Toteja

Name:   Ryan R. Toteja
Title:   Authorized Person

CUSIP No. 09225M101    Schedule 13G    Page 18 of 18

 

LIST OF EXHIBITS

 

Exhibit No.

  

Description

24    Power of Attorney.
99    Joint Filing Agreement.