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BlackRock (NYSE: BLK) Q2 2023 Earnings Call Jul 14, 2023 , 7:30 a.m. second quarter 2023 earnings teleconference. See the 10 stocks *Stock Advisor returns as of July 10, 2023 Martin Small -- Chief Financial Officer Thanks, Chris, and good morning, everyone. Second quarter base fee and securities lending revenue of 3.6
BlackRock (NYSE: BLK) Q4 2023 Earnings Call Jan 12, 2024 , 7:30 a.m. At this time, I'd like to welcome everyone to the BlackRock Incorporated fourth quarter 2023 earnings teleconference. In 2023, BlackRock generated 289 billion of total net inflows and delivered 1% organic base fee growth. Operating income of 6.6
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 performancefees and technology services revenue.
We expect these private market assets to positively impact BlackRock's overall effective fee rate by 0.5 Performancefees of $388 million increased significantly from a year ago, primarily reflecting strong alpha generation over the last 12 months from a hedge fund with an annual lock in the third quarter. to 1 full basis point.
billion as Weston mentioned, underpinned by the highest fee-related earnings in six quarters. On our January earnings call, following a volatile multi-year period for global markets, we noted an improving external environment and shared our view that 2023 would be the cyclical bottom for our firm. Distributable earnings were $1.3
Blackstone (NYSE: BX) Q4 2023 Earnings Call Jan 25, 2024 , 9:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Blackstone fourth-quarter and full-year 2023 investor call. 2023 is also a year of important milestones for Blackstone.
In the perpetual vehicles, we raised over $6 billion in the second quarter and nearly $13 billion in the first half of the year, already exceeding what we raised from individuals in all of 2023. BIP specifically reached the $50 billion milestone, including July fundraising, up 21% from year-end 2023. Performance has been exceptional.
And as BIP has continued to scale, it has in turn enhanced the firm's intellectual capital, relationships, and dealflow, supporting our growth in other areas, including our $90 billion infrastructure and asset-based credit platform, our infrastructure Secondaries business and our dedicated energy and energy transition focused funds.
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