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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%

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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.

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Blackstone and CPP Investments Acquire AirTrunk From Macquarie and PSP Investments

Pension Pulse

The alternative asset manager, along with the Canada Pension Plan Investment Board (CPP Investments), is acquiring AirTrunk from Macquarie Asset Management (MAM) and the Public Sector Pension Investment Board (PSP). MAM and PSP Investments have sold their 88% stake in AirTrunk.

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A Conversation With John Graham on CPP Investments Fiscal 2023 Results

Pension Pulse

Management fees increased by $165 million, due to an increase in average assets managed by external fund managers. Headquartered in Sweden, EQT is a global alternative asset manager operating across private capital and real assets. Real Assets Agreed to acquire an additional 29.5%

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Netflix Flexes Its Pricing Muscle

The Motley Fool

Dylan Lewis: Finally over to one of the big money movers, the world's largest alternative asset manager, 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 performance fees on that invested capital.