Private Equity Wire

SEPTEMBER 17, 2024

As part of the overhaul, 20-year veteran Jim Keenan, BlackRock’s Global Head of Private Debt, will be leaving the company next year, along with Raj Vig, Co-Head of US Private Capital. of overall revenue from management and performance fees in the second quarter. of the firm’s total assets, generated 6.4%

Performance Fees 95

Performance Fees Bidding Debt Assets 95

The Motley Fool

OCTOBER 31, 2024

We think given our valuation, capital position, and capital allocation alternatives, that repurchasing shares makes sense, and as such we are doing so. We also work to continue to improve our financial performance while building the capital it takes to help our customers when they need it most. in outstanding shares.

Liabilities 130

Liabilities Performance Fees Capital Portfolios 130

Private Equity Wire

FEBRUARY 9, 2024

The firm expects to increase fee-based earnings by almost 30% this year to $1.1bn as well as attract more than $40bn in new investor capital, focusing on its fast-growing credit and insurance-based investment units. Carlyle also said it is aiming to increase profit margins and share buybacks substantially.

Private Equity Firms 97

Private Equity Firms Private Equity Firms Performance Fees Management Fees 97

Private Equity Wire

FEBRUARY 14, 2024

PARTNER CONTENT By Muhammad Akram, CPA Founder, Akram | Assurance, Advisory & Tax Firm Why fair value is so important Fair value impacts net assets/partners’ capital, potentially overstating performance and overcharging management and performance fees.

Venture Capital 98

Venture Capital Investing Best Practices Mutual Funds 98

The Motley Fool

OCTOBER 11, 2024

And as long observed in markets, information about capital has become almost as important as capital itself. Nonoperating results for the quarter included $108 million of net investment gains, driven primarily by gains linked to a minority investment and unhedged seed capital investments. Earnings per share of $11.46

Assets 130

Assets Leveraging Mergers and Acquisitions Mutual Funds 130

The Motley Fool

JULY 14, 2023

On an equivalent day count basis, our annualized effective fee rate was 0.2 Performance fees of 118 million increased from a year ago, primarily reflecting higher revenue from illiquid alternatives. In May, we capitalized on the improved conditions for debt issuance, issuing 1.25 government money market funds.

Asset Management 130

Asset Management Assets Banks Debt 130

The Motley Fool

APRIL 18, 2024

We've stated before that short-term movements in stock and bond markets impact capital flows in this channel. But ultimately, flows follow performance as well as innovation as we're seeing now. Our long-term capital provides the flexibility and firepower to invest while affording us the patience to sell assets when the time is right.

Assets 130

Assets Debt Banks Capital 130

Pension Pulse

MARCH 19, 2024

Emilio Ghigini of Investing.com reports Redwood Trust and CPP Investments form $750M capital partnership: Redwood Trust, Inc. NYSE: NYSE: RWT ), a company specializing in housing credit, and Canada Pension Plan Investment Board (CPP Investments), announced a strategic capital partnership valued at $750 million.

Investing 59

Investing Performance Fees Financing Finance 59

The Motley Fool

JULY 28, 2023

And united, delivered by our colleagues gives us the ability to meet this demand and balance across our portfolio, capitalizing on innovation and momentum and investing to meet demand. There's now almost universal agreement, the client demand to address risk in human capital has never been greater. Turning to financial performance.

Capital 100

Capital Business Services Debt Liabilities 100

The Motley Fool

AUGUST 8, 2024

First, recall in the quarter of this year, we noted a few performance suite markets with higher than expected medical costs, due primarily to higher prevalence of disease. We also noted that our contracting model allows us to update our capitation rates to reflect these changes. Looking ahead, our capital priorities remain the same.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Capital Liabilities Leveraging 130

Pension Pulse

MAY 2, 2024

As it reconsiders this decision, the APFC Board heard from AQR, Pathway Capital Management, and Callan last week about why they should — or should not — make a change. Rather than allocate big pools of capital to large scale private equity funds, his team is hyper-focused on finding outperformers, many of which operate in the middle market.

Pension Funds 59

Pension Funds Hedge Funds Buyout Due Diligence 59

Pension Pulse

SEPTEMBER 4, 2024

billion), including debt and capital expenditure for committed projects. 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. Blackstone will need to pour plenty of capital into AirTrunk after the sale.

Investing 59

Investing Asset Management Stakes Assets 59

The Motley Fool

AUGUST 5, 2024

So, as you look at the picture today with the economic concerns but also at the same time that the tenants seem to be in better capital positions, are you as worried today when you see weak economic data? Operator Our next question is from Juan Sanabria with BMO Capital Markets. Please proceed. Sanabria -- Analyst Thanks for the time.

Assets 130

Assets Portfolios Capital Investors 130

The Motley Fool

AUGUST 2, 2023

Now, let's turn to Evolent's three core operating priorities of strong organic growth, expanding margins, and optimal capital allocation. I would note, we spent time at the Investor Day focused on performance fee margin ramp, and that margin maturation is continuing to perform as expected.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Leveraging Capital Prospects 100

Pension Pulse

MAY 22, 2024

billion of net income, CPP Investments directly and indirectly incurred $1,617 million of operating expenses, $1,449 million in investment management fees and $2,067 million in performance fees paid to external managers, as well as $427 million of transaction-related expenses. To generate $46.4 bps and below the 28.6

Investing 59

Investing Pension Funds Stakes Assets 59

The Motley Fool

JULY 31, 2024

The decision to withdraw our long-term guidance comes as I continue to evaluate all aspects of the business, including our strategic priorities, our cost structure, investments in the business, our product offerings, and capital allocation. Operator The next question today comes from Sean Dodge with RBC Capital Markets.

Leveraging 130

Leveraging Taxes Returns Shareholders 130

The Big Picture

JULY 4, 2023

And I just thought that was like, that was a very cool, unique set of skills that she embodied and was able to capitalize upon. And so I ended up joining a large search firm because I just, I felt I’d learned more about the different types of issues that were out there and how they get solved through human capital.

Hedge Funds 59

Hedge Funds Funds Banks Capital 59

The Big Picture

OCTOBER 17, 2023

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. That’s a function of the capitalism.

Investing 52

Investing Capital Shareholders Returns 52

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

Pension Pulse

AUGUST 17, 2023

A $145-million loan by subsidiary Otéra Capital for a multi-residential project located in the heart of Montréal’s Golden Square Mile. The difference with 2022 is primarily explained by the increase in external performance fees related to increased returns. CDPQ’s cost ratio compares favourably with that of the industry.

Pension Funds 52

Pension Funds Assets Debt Financing 52

The Big Picture

JUNE 13, 2023

The transcript from this week’s, MiB: Mathieu Chabran, Tikehau Capital , is below. Mathieu Chabran is the co-founder of TIKEHAU Capital, a Paris-based alternative asset manager. I thought it was great, and I think you will also, with no further ado, my conversation with TIKEHAU Capital’s Mathieu Chabran.

Banks 59

Banks Asset Management Assets Capital 59

The Big Picture

MARCH 27, 2023

She was a partner and a portfolio manager at Canyon Capital, a firm that runs currently about $25 billion. So it was a starting industry, very much sort of a venture capital type of business. And anything above the par value of the total debt on the capital structure belongs to the equity guys. RITHOLTZ: Right. MIELLE: Right.

Hedge Funds 114

Hedge Funds Funds Assets Financing 114

The Motley Fool

OCTOBER 31, 2023

The cost of capital is higher. They can always raise equity if they want and get access to the capital markets. They did talk about that, the call, they tightened their capital expenditures. Blackstone is in the business of investing capital, and earning management and performance fees on that invested capital.

Depreciation 130

Depreciation Bidding Capital Companies 130

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 Shareholders Leveraging 130

The Motley Fool

FEBRUARY 21, 2025

Tonight, I will comment on our progress within our three pillars of stakeholder value creation of, one, growing the business organically, two, expanding our profitability and three, allocating capital to increase shareholder value. On the balance sheet, we ended the quarter with cash and equivalents of $104 million.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Liabilities Performance Fees Capital 130

The Motley Fool

JANUARY 12, 2024

Growing public deficits, a modernizing digital world, advancing energy independence, and the energy transition are driving the mobilization of private capital to fund critical infrastructure. In a higher rate environment, the ability to drive operational enhancements will be critical to investment performance. Operating income of 6.6

Assets 130

Assets Shareholders Asset Management Capital 130

The Big Picture

FEBRUARY 28, 2023

I found David Layton, CEO of the firm, to be very thoughtful and very much different in how he thinks about risk-reward liquidity, various market sectors, processes, just the whole gestalt of we are a steward of capital with our clients, and we are aligned with those clients. It was really a fascinating conversation. RITHOLTZ: Right.

Assets 59

Assets Due Diligence Private Equity Firms Private Equity Firms 59

The Motley Fool

FEBRUARY 4, 2025

We're closely monitoring customer demand signals, and we'll continue to make important capital investments in key major metros to capture this traffic growth. And lastly, capital expenditures were $915 million. Moving to capital spending and our other outlook metrics. Special items impacting EBITDA totaled $132 million.

Debt 130

Debt Assets Leveraging Shareholders 130

The Motley Fool

DECEMBER 23, 2024

One area that deserves some blame is the fees that these fund managers charge. For example, more sophisticated hedge funds typically charge a flat management fee of 2%, coupled with a performance fee that takes 20% of annual profits. I also think over-diversification is a problem that results in poor returns.

Stock Market 246

Stock Market Stock Market Mutual Funds Exchange-Traded Funds 246

Private Equity Insights

FEBRUARY 10, 2025

Eltifs, regulated under the EU framework, are designed to direct long-term capital into sectors such as infrastructure, private equity, real estate, and SME financing. At the same time, it actively reallocates capital to optimize opportunities and maintain resilience across market cycles. performance fee, subject to a 7% hurdle rate.

Asset Management 147

Asset Management Assets Private Equity Firms Private Equity Firms 147

The Motley Fool

JULY 15, 2024

trillion units of trusts, BlackRock's platform is becoming the premier long-term capital partner across public and private markets. We're connecting investors, corporates, and the public sector to the power of the capital markets. Higher performance fees and technology services revenue also contributed to revenue growth.

Assets 130

Assets Liabilities Leveraging Asset Management 130

The Motley Fool

JANUARY 15, 2025

Onto balance sheet and capital on Page 4. We ended the quarter with a CET1 ratio of 15.7%, up 40 basis points versus the prior quarter as net income and lower RWA were largely offset by both OCI losses and capital distributions, which included $4 billion of net common share repurchases this quarter. Revenue of 5.8 Expenses of 3.8

Banks 243

Banks Investment Banking Investment Banks Capital 243

Private Equity Wire

JANUARY 17, 2025

As alternative asset managers face challenges in attracting institutional capital, they are increasingly targeting retail investors. Management fees are set at 1.5%, with performance fees of 12.5% The fund aims to generate long-term annual net returns between 14% and 18%. above an 8% hurdle.

High Net Worth Individuals 96

High Net Worth Individuals Accredited Investors Investors Funds 96

The Motley Fool

JANUARY 15, 2025

billion was 23% higher year over year, driven by the impact of higher markets on average AUM and higher performance fees. This is evidenced by this quarter's fee rate increase primarily reflecting the onboarding of higher fee rate private market assets following the GIP closing. Operating income of 8.1 increased 15%.

Assets 130

Assets Shareholders Capital Asset Management 130

The Motley Fool

JANUARY 25, 2024

Our limited partners have benefited from the exceptional balance of the firm and the careful way we've positioned their capital in a volatile world. In our own portfolio, our companies are showing strong top-line performance overall as well as earnings growth as cost pressures have eased. And Jon referred to this on television today.

Management Fees 100

Management Fees Banks Capital Assets 100

The Motley Fool

OCTOBER 29, 2024

Rithm Capital (NYSE: RITM) Q3 2024 Earnings Call Oct 29, 2024 , 8:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Rithm Capital third quarter 2024 earnings conference call. billion of permanent capital in the public markets. We have $7.8

Capital 130

Capital Asset Management Assets Performance Fees 130

Private Equity Wire

JUNE 14, 2024

The world’s largest private capital firms have sidestepped income taxes on more than $1tn in incentive fees since 2000 by structuring payments to incur lower levies, according to a report by the Financial Times citing new research from Oxford University. My role is to provide the best estimate of the amount.

Taxes 74

Taxes Capital Buyout Performance Fees 74