Pension Pulse

SEPTEMBER 4, 2024

billion, the deal is the largest buyout in Australia this year and one of the biggest in recent history. 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.

Investing 59

Investing Asset Management Stakes Assets 59

Pension Pulse

MAY 24, 2023

Management fees increased by $165 million, due to an increase in average assets managed by external fund managers. Performance fees decreased by $621 million driven by fewer realization events in the private equity portfolio given the low transaction activity through the year, partially offset by strong performance of hedge funds.

Investing 52

Investing Stakes Pension Funds Assets 52

The Motley Fool

OCTOBER 31, 2023

Blackstone is in the business of investing capital, and earning management and performance fees on that invested capital. They also raised just less than one billion for corporate buyouts this quarter. When a really valuable car sales, I still, I get shivers thinking about sometimes millions of dollars being bid on a car.

Depreciation 130

Depreciation Bidding Capital Companies 130