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BlackRock (BLK) Q2 2023 Earnings Call Transcript

The Motley Fool

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. 1 thing they're looking for as a selected manager is proprietary differentiated deal flow.

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Blackstone (BX) Q1 2024 Earnings Call Transcript

The Motley Fool

We're buying as well as financing several firms that design, build, and service data centers. We recently financed a cloud infrastructure business supporting AI development. They create more flow for our investors who want to hold these investments, these assets long term, and they help our partners better serve their customers.

Assets 130
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Transcript: Mathieu Chabran

The Big Picture

The exposure you get in investment banking, I was a leveraged finance banker by background. And so late 90s, that’s the emergence of the high yield market in Europe, you would print deals like never before. And there was no hint at the time that I would be heading into finance. I think it was a great training.

Banks 57
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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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BlackRock (BLK) Q2 2024 Earnings Call Transcript

The Motley Fool

billion was 8% higher year over year, driven by positive organic base fee growth and the impact of market movements on average AUM over the last 12 months. Higher performance fees and technology services revenue also contributed to revenue growth. Our annualized effective fee rate was flat compared to the first quarter.

Assets 130
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BlackRock (BLK) Q4 2023 Earnings Call Transcript

The Motley Fool

billion was 7% higher year over year, driven by the impact of higher markets on average AUM and higher performance fees. Fourth quarter and full year performance fees of 311 million and 554 million, respectively, increased from a year ago, reflecting higher revenue from liquid alternatives and long-only mandates.

Assets 130
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Blackstone (BX) Q4 2023 Earnings Call Transcript

The Motley Fool

We put these structures in place to fix our financing costs ahead of the rise in interest rates, and they have generated significant value. multifamily holdings, near-term performance has decelerated as new supply works its way through the system. Second, in our life sciences office and U.S. And so that's a positive.