This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The most notable growth came from our personal lines, marine and energy, property and general liability product lines while we saw lower premium volume within our professional liability product lines. This is primarily due to higher attritional loss ratios in our professional liability and general liability product lines.
In GP stakes, we saw robust investor demand and deployment pipeline, resulting in an initial close of over $2 billion for our sixth GP minority equity stakes fund, earlier than originally anticipated and despite having just held our final close for Fund V at the end of 2022. In GP Strategic Capital, we had an initial close of $2.1
trillion credit market: A high-stakes trade in the riskiest corner of a $1.3 There’s a lot of extending and pretending, as well as ‘liability management exercises,’ which means that pain is being pushed out, and recovery levels are going to be much lower than expected,” Zwirn said.
Given Canadas economic challenges, including demographic shifts and miserable productivity, the stakes are high for millions of Canadians. This approach not only enhances long-term risk-adjusted returns, but also allows for diversification and access to dealflow that is not otherwise available through indexing to public markets.
As a defined benefit pension with liabilities that stretch decades into the future, Ontario Teachers’ remains focused on delivering consistent investment returns over the long term. 3 Comprises investments less investment-related liabilities. billion) include net investments and other net assets and liabilities of $2.7
As dealflow increases, “we’ll get to a more natural balance and you won’t have lenders having to do silly things,” he said. One thing to keep in mind is the move to private credit is actually a great thing for the capital markets because it matches the assets with a more suitable liability.
We have virtually no net debt, no insurance liabilities and a share count that is almost unchanged over the past seven years despite the extraordinary growth we've achieved. Our GP Stakes platform appreciated 12.6% The relationships we have there, that dealflow is very helpful to our credit business as well.
The firm itself could not be in a stronger position with minimal net debt and no insurance liabilities, allowing us to distribute $4.7 One of the advantages of Blackstone is just our scale and the amount of dealflow we see across all these different areas. It's a very broad platform and it enables us to deploy a lot.
You know, I think it's worth noting here, right, that as we've talked about and as you know, Mike, some of our investments are designed to produce short-term payoffs, and some of them are much longer term, and some of them are just table stakes. So, for example, in 2023, we had 2 million net new checking accounts.
Because we know that while some AI is now table stakes, so we have our AI assistant for EX, which we offer at no charge, but built-in on that are various forms of bots, which are -- think of it as things that AI can do before the call, things AI can do during the call. Many people don't have experience or charge extra for it.
This has included the addition of multiple co-development programs in which we have the option to maintain a 50% ownership stake. Over the past three years, we've started to evolve that business model to include co-development programs, we have a bigger stake. Carl Hansen -- President and Chief Executive Officer Hey, Michael.
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. And so at times it’s effectively when the essential is at stake that people can react constructively.
In the article, Barry Diller, the chairman of IAC, shared his thoughts on his company's stake in MGM Resorts. But as we look at 2025 and given what we're working on, we remain confident that we are going to be bringing to the table both gaming and nongaming deals, big and small. The Motley Fool recommends Vici Properties.
Just to give a couple of early data points around this, our real estate credit team has already identified and created dealflow for the liquid portion of ORENT's portfolio and for our insurance solutions platform, which closed in July. Similarly, Atalaya and our credit teams have been active in sourcing investment-grade flow.
billion take-private of Tricon Residential, a partnership with Digital Realty to develop $7 billion of data centers and a joint venture with the FDIC to acquire a 20% stake in a $17 billion first mortgage portfolio from the former Signature Bank. There may be more capital coming to the space, but I think there'll be more dealflow as well.
And as BIP has continued to scale, it has in turn enhanced the firm's intellectual capital, relationships, and dealflow, supporting our growth in other areas, including our $90 billion infrastructure and asset-based credit platform, our infrastructure Secondaries business and our dedicated energy and energy transition focused funds.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content