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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%

Bidding 91
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Here's How Billionaires Buy Stocks

The Motley Fool

They also charge high fees, including an annual asset management fee equal to 1% to 2% of the amount you've invested and a 20% performance fee of the hedge fund's profit. Thankfully, you don't need a lot of money to start investing, and you certainly don't need to be a billionaire.

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Ares Management Launches Ansley Park Capital

Private Equity Insights

He has over 40 years of experience in banking and equipment finance and has held various senior positions with direct involvement in all aspects of operations, underwriting, portfolio and asset management, structuring and marketing. Prior to that, Mr. Trollinger was co-head of Wachovia’s (now Wells Fargo) equipment finance platform.

Capital 130
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BlackRock (BLK) Q2 2023 Earnings Call Transcript

The Motley Fool

Clients choose BlackRock for performance. We deliver durable long-term investment performance by executing on alpha opportunities, sourcing unique deals, and managing risk. The foundation of a market-leading asset management platform is comprehensive, high-quality investment products with strong long-term investment performance.

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BlackRock (BLK) Q3 2024 Earnings Call Transcript

The Motley Fool

Our business tends to be seasonally strongest in the fourth quarter and we maintain line of sight into a broad, global opportunity set of new asset management and technology mandates that should fuel organic growth. We expect these private market assets to positively impact BlackRock's overall effective fee rate by 0.5

Assets 130
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Rithm Capital (RITM) Q2 2024 Earnings Call Transcript

The Motley Fool

I believe performance fees typically occur end of year. Can you discuss what drove comp lower in the quarter for asset management, whether it was seasonal, not from the first quarter? And that's how we kind of evaluate the business today versus necessarily having a target as to where we think the market is headed.

Capital 130
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Transcript: Graeme Forster, Orbis Investments

The Big Picture

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.