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BlackRock Inc, the world’s largest assetmanager, 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%
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.
The alternative assetmanager, along with the Canada Pension Plan Investment Board (CPP Investments), is acquiring AirTrunk from Macquarie AssetManagement (MAM) and the Public Sector Pension Investment Board (PSP). MAM and PSP Investments have sold their 88% stake in AirTrunk.
Managementfees increased by $165 million, due to an increase in average assetsmanaged by external fund managers. Headquartered in Sweden, EQT is a global alternative assetmanager operating across private capital and real assets. Real Assets Agreed to acquire an additional 29.5%
Dylan Lewis: Finally over to one of the big money movers, the world's largest alternative assetmanager, Blackstone reported, and Matt, it seems like maybe money isn't quite as easy to come by as it used to be. Blackstone is in the business of investing capital, and earning management and performancefees on that invested capital.
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