The Big Picture

JULY 4, 2023

You have no performance fee and no line of sight to getting to one anytime soon, and you have AUM shrinking by virtue of the losses, as well as the fact that LPs are now rightly redeeming. If you’re making a directional bet, or even worse, a leveraged directional bet, and you’re your funds going to suffer.

Hedge Funds 59

Hedge Funds Funds Banks Capital 59

The Motley Fool

APRIL 18, 2024

And now we've transitioned to addressing the sector's growing power needs, leveraging our sizable energy infrastructure platform, which includes the largest private renewables developer in North America. And we think long term, there is a -- it's a robust margin position that we'll scale and leverage over time.

Assets 130

Assets Debt Banks Capital 130

The Motley Fool

AUGUST 2, 2023

Second, our ability to drive earnings expansion given the operating leverage and margin maturation inherent in our business. 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. Their leverage is coming down.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Leveraging Capital Prospects 100

The Big Picture

JUNE 13, 2023

The exposure you get in investment banking, I was a leveraged finance banker by background. CHABRAN: Maybe because I come from a leverage finance background, as I told you, I tend always to focus on the downside. I think it was a great training. I think we learned a lot. And I think this is where the industry should be heading.

Banks 59

Banks Asset Management Assets Capital 59

The Big Picture

MARCH 27, 2023

And these were real bankruptcies, led by a supply-demand imbalance, too much leverage and not enough demand for the products. And all these formally high performers are now just so big, they’re very happy collecting the management fee and the performance fee matters less. RITHOLTZ: It was really fascinating.

Hedge Funds 114

Hedge Funds Funds Assets Financing 114

Pension Pulse

AUGUST 17, 2023

Financial reporting As at June 30, 2023, the annualized costs incurred for CDPQ’s activities, which include internal operating expenses, external management fees and transaction costs, were estimated at 55 cents per $100 of net average assets, compared with 48 cents as at December 31, 2022.

Pension Funds 52

Pension Funds Assets Debt Financing 52

Pension Pulse

SEPTEMBER 4, 2024

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. Mr Khuda, Blackstone and AirTrunk declined to comment. Macquarie’s fund and PSP will sell their AirTrunk stakes in full.

Investing 59

Investing Asset Management Stakes Assets 59

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

Finally, regarding our third pillar of efficient capital allocation, our priorities are unchanged, primarily investing in internal product development and reducing leverage. million driven by working capital needs as we initiated reconciliations for certain loss-making performance fee contracts that have since been restructured.

Securities and Exchange Commission (SEC) 130

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

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

JANUARY 12, 2024

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

Assets Shareholders Asset Management Capital 130

The Big Picture

FEBRUARY 28, 2023

So it used to be within private markets that you would find a good business, apply quite a bit of leverage to it, at least in the private equity business, and be able to make a pretty good return by buying good solid businesses as they are. Leverage levels have come down materially. LAYTON: Leverage levels have changed.

Assets 59

Assets Due Diligence Private Equity Firms Private Equity Firms 59

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

The Motley Fool

FEBRUARY 4, 2025

Next, we continue to drive operational excellence in everything we do, ensuring continuous improvement in sales execution and churn mitigation, simplifying our core business processes and leveraging modernized ERP, CRM, ops platforms, and artificial intelligence to deliver improved employee, customer, and partner experiences.

Debt 130

Debt Assets Leveraging Shareholders 130

The Motley Fool

JULY 15, 2024

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

Assets Liabilities Leveraging Asset Management 130

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

BXPE will leverage the firm's full breadth of investment capabilities in private equity, including buyout, secondaries, tactical opportunities, life sciences growth, and other opportunistic strategies. So how is it possible to generate positive comp ratio leverage when revenues are down. Just maybe help me understand those mechanics.

Management Fees 100

Management Fees Banks Capital Assets 100

Private Equity Insights

FEBRUARY 10, 2025

JPMAMs new fund, JPMorgan Eltifs Multi-Alternatives Fund, leverages the firms $400bn Global Alternatives platform. performance fee, subject to a 7% hurdle rate. 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.

Asset Management 147

Asset Management Assets Private Equity Firms Private Equity Firms 147

The Motley Fool

OCTOBER 29, 2024

Michael, as the third quarter went through, I believe we typically get some annual performance fees that hit in Q4. And maybe what type of earnings impacts that may have as far as margin on those performance fee in fourth quarter? I mean, some indications that consumers are a little over leveraged and struggling.

Capital 130

Capital Asset Management Assets Performance Fees 130

The Motley Fool

JULY 18, 2024

And we think operating leverage over the long term. And then longer term, that sort of picture of stability and over time of operating leverage. And then if you could just remind us of what the -- what you think the comp ratio overall on core plus is maybe that's kind of the by product. Chae -- Chief Financial Officer Sure.

Assets 130

Assets Financing Finance Management Fees 130

The Motley Fool

JANUARY 30, 2025

We leveraged the full breadth of our platform to design a custom solution across the capital structure for the borrowers secured by the long-term contractual cash flows of their critical pipeline infrastructure.

Management Fees 130

Management Fees Assets Capital Funds 130