Remove 2015 Remove Performance Fees Remove Stakes
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Blackstone and CPP Investments Acquire AirTrunk From Macquarie and PSP Investments

Pension Pulse

MAM and PSP Investments have sold their 88% stake in AirTrunk. Khuda, who established AirTrunk in 2015, will remain with the company as the CEO. MAM and PSP Investments acquired a majority stake in AirTrunk in 2020. Macquarie’s fund and PSP will sell their AirTrunk stakes in full. He will remain as chief executive.

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Blackstone (BX) Q1 2024 Earnings Call Transcript

The Motley Fool

We did execute a number of sales in the quarter, including a stake in one of the largest cell tower platforms, public stock of the London Stock Exchange Group and the sales of certain other public and private holdings. And when that happens, we'll get these unrealized performance fees that happen on a regular basis.

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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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CPP Investments' CEO Discusses Fiscal Year 2024 Results

Pension Pulse

billion in NetCo, Italy's largest fixed telecoms network; and the sale of its stake in the Hohe See and Albatros wind farms off the shores of Germany for $374 million in proceeds. Management fees decreased by $10 million, remaining broadly in line with the prior year. Invested C$534 million in KPN, bringing our ownership stake to 2.9%.