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# Blackstone + CPP / AirTrunk: what UNDERWRITE looks like on the framework
- URL: https://adikumar.co/case-study-airtrunk-blackstone-cpp-underwrite-benchmark/
- Published: 2026-08-23T11:18:57.000Z
- Updated: 2026-09-18T10:18:50.000Z
- Description: Walking the September 2024 Blackstone + CPP acquisition of AirTrunk through both AI infrastructure scorecards. LOW physical + LOW thesis + GREEN veto = UNDERWRITE (Premier). The calibration anchor for what a clean deal scores on the framework.
- Author: Adi Kumar
- Tags: Case Studies, ai-infrastructure, framework, framework-calibration

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