Pension Pulse

JULY 3, 2024

Unlike other Maple Eight investors, AIMCo’s client funds decide their own asset allocation and most of them have reached their target in private markets. The board has oversight of the risk parameters of every underlying product, and review and set the appetite for risk tolerance and the total fund risk budget. AI is just one example.

Portfolios 59

Portfolios Due Diligence Pension Funds Debt 59

The Motley Fool

OCTOBER 17, 2024

Also, please note that nothing on this call constitutes an offer to sell or a solicitation of an offer to purchase an interest in any Blackstone fund. In terms of future harvesting, the third quarter marked the highest amount of overall fund depreciation in three years. Our $30 billion global flagship fund is now nearly 40% committed.

Debt 130

Debt Management Fees Assets Finance 130

The Motley Fool

FEBRUARY 23, 2024

NAV is defined as total assets minus total liabilities and is also reported on a per share basis. We remain excited about our plans for the external funds that we manage as we execute our investment strategies and other strategic initiatives. We've also continued to produce attractive results in our asset management business.

Capital 130

Capital Securities and Exchange Commission (SEC) Asset Management Leveraging 130

The Motley Fool

APRIL 24, 2024

In addition, we discuss non-GAAP financial measures, including core funds from operations or core FFO, adjusted funds from operations or AFFO, and net debt to recurring EBITDA. Our conversion rate of deals approved by our investment committee to letters of intent signed is the highest in over two years at approximately 38%.

Debt 130

Debt Leveraging Capital Finance 130

The Motley Fool

MAY 3, 2024

First quarter FAD, funds available for distribution, of $0.65 In the first quarter, we completed $55 million in new investments, excluding capex, and funded the investments with balance sheet cash and issuance of $33 million in equity under our ATM program. And our net funded debt to annualized adjusted normalized EBITDA was 5.03

Investors 130

Investors Assets Capital Portfolios 130

The Motley Fool

APRIL 18, 2024

See the 10 stocks *Stock Advisor returns as of April 15, 2024 Also, note that nothing on this call constitutes an offer to sell or a solicitation of an offer to purchase an interest in any Blackstone fund. The firm itself could not be in a stronger position with minimal net debt and no insurance liabilities, allowing us to distribute $4.7

Assets 130

Assets Debt Banks Capital 130

The Motley Fool

OCTOBER 11, 2024

We believe the continued path of central bank normalization will support sustained inflows across bond funds, ETFs, and institutional accounts. Sales, asset, and account expense increased 6% compared to a year ago, driven by higher direct fund expense. active fixed income mutual funds. to 1 full basis point.

Assets 130

Assets Leveraging Mergers and Acquisitions Mutual Funds 130

The Motley Fool

FEBRUARY 9, 2024

Please note that nothing on this call constitutes an offer to sell or a solicitation of an offer to purchase an interest in any Blue Owl funds. In spite of the very difficult backdrop for real estate fundraising, our latest triple net lease fund was the single largest U.S. real estate fund raised in 2023.

Capital 130

Capital Stakes Securities and Exchange Commission (SEC) Management Fees 130

Pension Pulse

APRIL 25, 2024

Paula Sambo of Bloomberg reports Canada pension fund's credit head wants to take advantage of leveraged buyout boom: Canada’s largest pension fund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveraged buyouts to generate some of that growth. There’s pent-up demand.

Leveraged Buyouts 59

Leveraged Buyouts Buyout Pension Funds Mergers and Acquisitions 59

Pension Pulse

AUGUST 15, 2023

The pension fund’s total net assets stood at $249.8 Chief investment officer Ziad Hindo says the fund saw positive returns across multiple asset classes including public and private equities, infrastructure, and credit over the first six months of the year. The growth came as the fund earned a 12-month total-fund net return of 4.8

Pension Funds 52

Pension Funds Assets Liabilities Stakes 52

The Motley Fool

FEBRUARY 8, 2024

Fourth quarter FAD funds available for distribution of $0.64 billion in credit facility borrowing capacity and are well positioned to pay off our April 1, $400 million bond maturity and fund new investments. billion in debt was at fixed rates and our net funded debt to annualized adjusted normalized EBITDA was 4.96 times and 1.15

Investors 130

Investors Assets Banks Capital 130

The Motley Fool

APRIL 12, 2024

We're committed to getting these right, and we look to self-fund the necessary investments to do so. At the end of the quarter, we had nearly $22 billion in total reserves with a reserve-to-funded loan ratio of approximately 2.8%. And we remain well reserved with a reserve-to-funded loan ratio of 8.2% Turning to the quarter.

Banks 130

Banks Mergers and Acquisitions Assets Investment Banks 130

The Motley Fool

JANUARY 12, 2024

Gerard Cassidy -- RBC Capital Markets -- Analyst Jeremy, coming back to your outlook and forecast for net interest income for the upcoming year with the six Fed fund rate cuts that you guys are assuming, can you give us a little insight why you're assuming six cuts? Jeremy Barnum -- Chief Financial Officer Hey, Gerard.

Banks 130

Banks Capital Assets Investment Banks 130

The Motley Fool

FEBRUARY 15, 2024

Cash flow conversion, the percent of income that was converted into operating cash flow, was well above 100% for the quarter. We continued to fund our dividend in the quarter. There's still good deal flow out there. So, now we're back to kind of business as usual and looking at normal deal flow.

Leveraging 130

Leveraging Taxes Capital Banks 130

The Motley Fool

FEBRUARY 20, 2024

Last year, we secured $220 million in nondilutive funding from the governments of Canada and British Columbia to support this priority. As carl pointed out, AbCellera continues to be in a strong liquidity position with over $780 million in cash and equivalents and over $200 million in available government funding to execute on our strategy.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Assets Legal Capital 130

The Motley Fool

FEBRUARY 29, 2024

To add more context around overall deal flow, EMEA grew the fastest during the quarter, followed by the Americas and APJ. So, the mix of business is generally partly a function of deal flow in the quarter. We'll want to fund engineering. And I think the investments will actually be broad-based across the business.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Professional Services Deal Flow 130

The Motley Fool

AUGUST 8, 2023

Our buyers are doing a fantastic job partnering with suppliers, and we are seeing healthy deal flow across categories. We're seeing healthy deal flow across departments, which feels really good. And we can see that when we look back over time, we'll possibly comp through cycles of reduced SNAP funding.

Banks 100

Banks Deal Flow Education Debt 100

The Motley Fool

JULY 24, 2024

In addition, we discuss non-GAAP financial measures, including core funds from operations, or core FFO; adjusted funds from operations, or AFFO; and net debt to recurring EBITDA. As mentioned on prior calls, free cash flow after the dividend for 2024 is approximately $100 million on an annualized basis. times and roughly $1.7

Debt 130

Debt Capital Assets Asset Management 130

The Motley Fool

AUGUST 2, 2023

As we look forward, deal flow is significant. You know, with SOFR or Fed funds in the mid-fives now, if you think about anything SOFR plus something, you're going to get again to that 8% to 12% on leverage return spectrum. From a financing perspective, the transaction will be funded with cash and liquidity on our balance sheet.

Capital 100

Capital Asset Management Assets Shareholders 100

The Motley Fool

FEBRUARY 15, 2024

We have a fantastic business model that generates strong cash flow, and we ended the year with $329 million of cash on hand. Our cash position always decreases in the first quarter as we pay company bonuses, repurchase shares connected to employee stock vesting events, and settle our tax liabilities. billion of bridge business.

Debt 100

Debt Finance Financing Banks 100

The Motley Fool

AUGUST 27, 2024

And although the current economic climate is challenging, it presents an excellent opportunity for off-price deal-making with distressed vendors and retailers. We've added a highly regarded off-price buyer to our team to open new relationships, create an off-price deal flow, evaluate assortment, fit, and execute.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Shareholders Consultants Consulting 130

The Motley Fool

OCTOBER 23, 2024

In addition, we discuss non-GAAP financial measures, including core funds from operations or core FFO, adjusted funds from operations or AFFO, and net debt to recurring EBITDA. This provides us with $925 million of hedged capital to fund investment activity into 2025. Combined with our outstanding forward equity.

Debt 130

Debt Capital Leveraging Assets 130

The Motley Fool

JULY 26, 2023

We have 300 million left to fund, and we project annualized NOI of 40 million upon stabilization. Our $518 million development pipeline will generate meaningful NOI as it delivers and stabilizes and our balance sheet is strong with ample liquidity to fund the remainder of our development spending and all debt maturities until 2026.

Prospects 130

Prospects Debt Law Firms Banks 130

The Motley Fool

NOVEMBER 9, 2023

We're also joined this quarter by senior members of our team, including Alexis Maged, our chief credit officer; and Logan Nicholson, who joined the firm in September and served as a portfolio manager for several of our diversified direct lending funds, including OBDC. Craig Packer -- Chief Executive Officer Thanks, Robert. Business as usual.

Capital 100

Capital Private Equity Firms Private Equity Firms Leveraging 100

The Big Picture

JULY 2, 2024

Eva Shang co- founded Legalist while she was in Harvard and then subsequently dropped out with her co-founder to launch what essentially became an alternative credit fund that specialized in litigation financing along with two other types of credit related to litigation outcomes. What a fascinating conversation. What were you thinking?

Legal 59

Legal Hedge Funds Finance Financing 59

The Motley Fool

NOVEMBER 6, 2024

As I stated in the past, we have yet to see a correlation between sales and retailer demand as evidenced by our deal flow, which in terms of square footage is 40% greater when compared to the same period last year. This transaction was funded by proceeds raised from our ATM facility. Regarding holiday. range versus last year.

Debt 130

Debt Assets Portfolios Leveraging 130

The Motley Fool

MAY 30, 2024

To add more context around deal flow during the quarter, we saw a healthy balance across our solutions and continue to maintain a similar solution mix in annual contract values versus the prior quarter. So, there's real value there and they're trying to make sure that they can fund those, they're funding those initiatives.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) High Net Worth Individuals Leveraging Banks 130

The Motley Fool

NOVEMBER 7, 2023

million, and free cash flow was $83.4 Our primary use of capital will be to fund internal investment and drive complementary M&A. During the quarter, our Board of Directors authorized an additional $350 million to be used to fund share repurchases, bringing the total amount authorized to $500.8 You may now ask your question.

Mergers and Acquisitions 100

Mergers and Acquisitions Securities and Exchange Commission (SEC) Capital Amortization 100

The Motley Fool

JULY 27, 2023

Core investment growth represents the investments we are making in strategic initiatives, people, cloud as well the incremental investments we are making to fund our AI development at Kensho and within the divisions. There's not a lot of deal flow. The Motley Fool has positions in and recommends S&P Global.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Banks Debt Capital 100

The Big Picture

SEPTEMBER 26, 2023

I found this to be just a masterclass in everything you need to know about distressed credit investing, private credit, the role of the economy, the fed interest rates, inflation, bottoms up, credit picking, and how to manage a firm and a fund in light of just massive dislocations in your space, as well as the overall economy.

Private Equity Firms 52

Private Equity Firms Private Equity Firms Debt Banks 52

The Motley Fool

NOVEMBER 1, 2024

I wish this was a video call so that I can ask for a show of hand on how many of you predicted that the Fed would lower the Fed funds rate 50 bps in mid-September, and over the next six weeks, the U.S. If you work at a hedge fund and bet that prediction, let me know if you need help spending all the money you just made.

Assets 130

Assets Capital Funds Deal Flow 130

The Big Picture

JUNE 13, 2023

The only alignment of interest is the amount of capital that any given manager or firm is putting into its fund. But I also learned along the way that you rarely die, I mean as a company, from your P&L or from your assets, but you always die from your liabilities. Coming back to my comment, again, it’s your liability side.

Banks 59

Banks Asset Management Assets Capital 59

The Motley Fool

FEBRUARY 21, 2025

Maybe just following up on the development funding talk, Ed, I know you mentioned that when you looked through the opportunities of '24, it seems like that's what made sense at the time. Thanks and good morning. Caitlin Burrows -- Goldman Sachs -- Analyst Hi. Good morning, everyone. Five years?

Assets 130

Assets Mergers and Acquisitions Debt Capital 130

The Motley Fool

APRIL 12, 2024

In the first quarter, BlackRock generated long-term net inflows of $76 billion, partially offset by seasonal outflows from institutional money market funds. Total annualized organic base fee growth of 1% reflected seasonally softer flows earlier in the quarter before coming back to target in March. First quarter revenue of $4.7

Performance Fees 130

Performance Fees Assets Shareholders Leveraging 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. Total expense increased 1% in 2023, reflecting higher compensation, G&A, and direct fund expense. Our fourth quarter operating margin of 41.6%

Assets 130

Assets Shareholders Asset Management Capital 130

The Motley Fool

JULY 15, 2024

We continue to execute on a strong set of large opportunities that are contracted near-funding or in late-stage contracting. Sales, asset, and account expense increased 4% compared to a year ago, primarily driven by higher direct fund expense. Our as-adjusted operating margin of 44.1%

Assets 130

Assets Liabilities Leveraging Asset Management 130

The Motley Fool

FEBRUARY 13, 2025

We will continue to invest in these businesses by hiring and retaining the very best bankers in our industry, improving the processes and systems we use to underwrite and fund loans, and continuing to integrate all of the products and service offerings Walker & Dunlop has built to bring one-stop shopping to our clients across the country.

Assets 130

Assets Asset Management Finance Financing 130