Private Equity Wire

SEPTEMBER 17, 2024

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 95

Bidding Performance Fees Debt Assets 95

The Motley Fool

OCTOBER 31, 2024

So the management fee portion would be real-time, but the performance fee would be on a lag. Thomas Sinnickson Gayner -- Chief Executive Officer Yes, it's not so much that it's on a lag, it's generally speaking the performance fee would be earned at the stroke of midnight. Is that a good way to think about it?

Liabilities 130

Liabilities Performance Fees Capital Portfolios 130

The Big Picture

JULY 4, 2023

He’s clearly getting bid back and they’re upset, they’re embarrassed, they feel maybe they have egg on their face and there’s a lot of positioning and jockeying that goes– RITHOLTZ: Little ego involved also. Right, and I explained that, but this, like we started this process, whatever it was, 7 a.m.,

Hedge Funds 59

Hedge Funds Funds Banks Capital 59

Pension Pulse

SEPTEMBER 4, 2024

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.

Investing 59

Investing Asset Management Stakes Assets 59

The Motley Fool

APRIL 12, 2024

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.

Performance Fees 130

Performance Fees Assets Leveraging Shareholders 130

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're sometimes rowdy environments and there's this gladiatorial feet quality to a car auction when it pulls in and maybe it's loud and the bidding starts and the auctioneers start calling out numbers.

Depreciation 130

Depreciation Bidding Capital Companies 130

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