Remove Accounting Remove Bidding Remove Performance Fees
article thumbnail

BlackRock revamps private credit business

Private Equity Wire

BlackRock Inc, the world’s largest asset manager, is restructuring its private credit division in a bid to close the gap with rivals in the rapidly expanding market, with the establishment of a new division Global Direct Lending led by Stephen Caron, according to a repot by Bloomberg. of the firm’s total assets, generated 6.4%

article thumbnail

BlackRock (BLK) Q1 2024 Earnings Call Transcript

The Motley Fool

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Blackstone and CPP Investments Acquire AirTrunk From Macquarie and PSP Investments

Pension Pulse

Blackstone and CPP Investments beat out a consortium led by IFM Investors which also bid for AirTrunk, Reuters reported on Aug. The deal triggers a large performance fee for ASX-listed Macquarie Group, which manages the fund. The fee is expected to be worth hundreds of millions of dollars.

article thumbnail

A Conversation With John Graham on CPP Investments Fiscal 2023 Results

Pension Pulse

The Fund, which includes the combination of the base CPP and additional CPP accounts, achieved a net return of 1.3% Since the CPP is designed to serve multiple generations of beneficiaries, evaluating the performance of CPP Investments over extended periods is more suitable than in single years. The base CPP account achieved a 1.4%

article thumbnail

Netflix Flexes Its Pricing Muscle

The Motley Fool

Operating expenses accounted for 12.6% Blackstone is in the business of investing capital, and earning management and performance fees on that invested capital. Insurance, normal car insurance doesn't take into account that appreciation of value. When you look at the numbers in US dollars, third quarter revenue was 17.3