Pension Pulse

MAY 24, 2023

to resolve its debt ceiling debacle and is looking to raise liquidity to take advantage of “opportunities” the fund sees in equity and fixed-income markets. Management fees increased by $165 million, due to an increase in average assets managed by external fund managers. What is going to drive global growth over the next 10 years?

Investing 52

Investing Stakes Pension Funds Assets 52

The Big Picture

JULY 4, 2023

Tell us a little bit about some of the work you do that’s more than just, “Hey, I found the right fund manager for EM distressed debt.” Elliott just created an investment committee in 2021, I think precisely to get things ready for succession planning. ” It’s much more sophisticated than that.

Hedge Funds 59

Hedge Funds Funds Banks Capital 59

The Big Picture

OCTOBER 17, 2023

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.

Investing 52

Investing Capital Shareholders Returns 52

The Motley Fool

OCTOBER 31, 2023

Blackstone is in the business of investing capital, and earning management and performance fees on that invested capital. When yields start looking attractive, people start paying attention to debt and other places to put their money. Raising capital has become a bit of a struggle. McKeel Haggerty: Well, thanks.

Depreciation 130

Depreciation Bidding Capital Companies 130

The Motley Fool

APRIL 12, 2024

Total annualized organic base fee growth of 1% reflected seasonally softer flows earlier in the quarter before coming back to target in March. billion increased 11% year over year, driven by the impact of market appreciation over the last 12 months on average AUM and higher performance fees and technology services revenue.

Performance Fees 130

Performance Fees Assets Shareholders Leveraging 130

The Motley Fool

JANUARY 12, 2024

With a strong common culture of serving clients with excellence, together, we will deliver for our clients a holistic global infrastructure manager across equity, debt, and solutions. BlackRock has developed a broad network of global corporate relationships through many years of long-term investments in both debt and equity.

Assets 130

Assets Shareholders Asset Management Capital 130

The Big Picture

FEBRUARY 28, 2023

You know, when the firm launched its debt business, I was the analyst putting together some of the credit analysis on the first couple of loans that we had written at that time. Between, you know, the 2018 time period and 2021, the public markets experienced multiple expansion on an EV to EBITDA basis of about 11, 12 times, historically.

Assets 59

Assets Due Diligence Private Equity Firms Private Equity Firms 59

The Motley Fool

JULY 15, 2024

billion was 8% higher year over year, driven by positive organic base fee growth and the impact of market movements on average AUM over the last 12 months. Higher performance fees and technology services revenue also contributed to revenue growth. Our annualized effective fee rate was flat compared to the first quarter.

Assets 130

Assets Liabilities Leveraging Asset Management 130

The Motley Fool

JANUARY 25, 2024

And finally, for BAAM, since the start of 2021, when we brought in Joe Dowling to lead the business, the BPS Composite has been up every quarter, outperforming the 60-40 portfolio by approximately 1,200 basis points. You've got debt market spreads starting to come down a bit. We've got the Fed moving from tightening to lowering rates.

Management Fees 100

Management Fees Banks Capital Assets 100

The Motley Fool

OCTOBER 29, 2024

Since 2021, we have deployed $5.8 We have funded our growth with our operating businesses, balance sheet, and a little bit of high-yield debt. Book value, up 8% since 2021, very stable quarter over quarter. Michael, as the third quarter went through, I believe we typically get some annual performance fees that hit in Q4.

Capital 130

Capital Asset Management Assets Performance Fees 130

The Motley Fool

JANUARY 30, 2025

For example, BIP joined our real estate team in 2021 to privatize the QTS data center business, which has become the largest and fastest-growing data center platform in the world. Debt markets have vastly improved as borrowing spreads tightened by approximately 50% from the 2023 wise and CMBS issuance was up nearly threefold in 2024.

Management Fees 130

Management Fees Assets Capital Funds 130

The Motley Fool

JULY 18, 2024

Our largest data center portfolio company, QTS, has grown lease capacity seven times since we took it private in 2021. We're also providing equity and debt capital to other AI-related companies. In credit, we reported another outstanding quarter against a continuing positive backdrop for private debt market fundamentals.

Assets 130

Assets Financing Finance Management Fees 130