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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

One of the advantages of Blackstone is just our scale and the amount of deal flow we see across all these different areas. What needs to happen here for returns to recover and accrued performance fees to build into what I think are big crystallizations anticipated for next year? So to me, it's a matter of time.

Assets 130
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Transcript: Mathieu Chabran

The Big Picture

In that case, one of the largest European insurance company, if not global, and having together a different proposal, fully aligned, with some complementary sourcing to the deal flow. And I think this is where the industry should be heading. Are there some conflict of interest involved here?

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

Just wanted to get your sense of the confidence of growing the fee-related revenue, not including fee-related performance fees, just the base revenue, they had a double-digit pace in 2024. There may be more capital coming to the space, but I think there'll be more deal flow as well. And so that's a positive.