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Blackstone and CPP Investments Acquire AirTrunk From Macquarie and PSP Investments

Pension Pulse

Khuda, who established AirTrunk in 2015, will remain with the company as the CEO. AirTrunk, which was founded in Sydney in 2015, is considered the largest data centre group in Asia Pacific, with 11 sites in Australia, Japan, Malaysia, Hong Kong and Singapore. The fee is expected to be worth hundreds of millions of dollars.

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Blackstone (BX) Q1 2024 Earnings Call Transcript

The Motley Fool

What needs to happen here for returns to recover and accrued performance fees to build into what I think are big crystallizations anticipated for next year? And when that happens, we'll get these unrealized performance fees that happen on a regular basis. So to me, it's a matter of time.

Assets 130
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CPP Investments' CEO Discusses Fiscal Year 2024 Results

Pension Pulse

billion of net income, CPP Investments directly and indirectly incurred $1,617 million of operating expenses, $1,449 million in investment management fees and $2,067 million in performance fees paid to external managers, as well as $427 million of transaction-related expenses. Our original investment was made in 2015.

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Transcript: Graeme Forster, Orbis Investments

The Big Picture

And they also have a unique approach to feeds when they’re generating alpha, when they’re outperforming their benchmark, they take a performance fee. And when they’re not generating alpha, when they’re underperforming, they actually return fees. 00:24:31 [Speaker Changed] We refund the fee.

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Blackstone (BX) Q2 2024 Earnings Call Transcript

The Motley Fool

I have personally been active in this field since 2015. I'd like to take a moment to discuss what Blackstone is doing today in artificial intelligence, specifically in data centers, which is an essential part of that breakthrough area. But a few questions in there, but basically, FRE margin, yes, ex core plus is the base question.

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