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Just as with publiccompanies, valuations in start-ups can fluctuate. Both companies operate in fintech and are highly sensitive to the macroeconomy. The last point to note is the managementfee associated with the Destiny Tech100 fund.
Over the last 12 months, we have generated 23% fee-related earnings growth at 19% distributable earnings growth from the prior-year period. And since becoming a publiccompany, we have had 13 consecutive quarters of managementfee and FRE growth, highlighting both the stability and strength of our business.
We reported another strong quarter of results for Blue Owl this morning with 12 straight quarters in consecutive managementfee and FRE growth since we've been a publiccompany. Managementfees are up 22% and 92% of these managementfees are from permanent capital vehicles.
Bitcoin ETPs also benefit from this, offset by the managementfees that are charged for those products. You would have the option to raise financing, not just from banks but also from the public capital markets. So, we are a publiccompany and an operating company.
We finished 2023 on a strong note with another consecutive quarter of managementfee and FRE growth, 11 for 11 since we've been a publiccompany, against a market backdrop that has been exceptionally volatile and uncertain. Managementfees were up 26%, and 92% of these managementfees are from permanent capital vehicles.
The combination triples infrastructure AUM and doubles private markets run-rate managementfees. This was due to the relative outperformance of lower fee U.S. equity markets and client preferences for lower fee U.S. The closing of GIP added $116 billion of client AUM and $70 billion of fee-paying AUM on October 1.
I think that the growth in the -- I know that the growth in the Adoor business will come in a so-called co-investment fund alongside our publiccompany where we have about $200 million of equity capital committed to that business. The name of the game there is scale. What that's going to do is increase the value of Sculptor.
Management uses BTC to evaluate capital allocation decisions and to measure the achievement of our strategy. Achieving BTC yields sets us apart from spot bitcoin ETPs and other bitcoin investment vehicles that charge a managementfee and would therefore reflect a negative BTC yield as we measure it. That's an awful idea.
As a reminder, in April of 2021, our company entered into a limited partnership agreement with Pelion Ventures in Draper, Utah, to manage the Medici portfolio. This partnership came with an annual managementfee, in addition to upside deal economics, in exchange for them nurturing these companies and building value.
We have relationships with some of the largest and most experienced operators in the industry, with our leased operating portfolio comprised of 90% multistate operators and 62% leased to publiccompany tenants. We collected 100% of contractually due base rent and property managementfees from our operating portfolio in Q4.
If I had to go down my list of things I'm looking for some publiccompany experience, obviously, important proven track record, someone who's scaled our retail model, which is certainly what we're doing and what is in front of us, some retail, some fresh, and then someone that's really excited about this model.
As a result, we've delivered positive total operational returns each year since becoming a publiccompany 30 years ago, successfully navigating a variety of economic environments. to the benefit of our public shareholders. Importantly, as we move through an improving external backdrop helped by a recent rate cut in the U.S.,
data center REIT as a well-positioned but poorly trading publiccompany with tremendous long-term potential. Our BREIT, BIP Infrastructure, and BPP perpetual strategies acquired the company for $10 billion in 2021, and its lease capacity has already grown sixfold in less than three years. billion or $0.95
The past year has marked the most transformative in our 25-year history of being a publiccompany as we released MicroStrategy ONE, MicroStrategy AI, MicroStrategy Cloud for Azure, AWS, and now the Google Cloud Platform, and continue to focus on growth in both cloud and AI plus BI.
Consolidation in the industry is likely, with larger managers acquiring smaller ones to expand their strategies and AUM. Fee structures may change, with pressure on publiccompanies to reduce managementfees and focus on performance-based compensation.
Annaly Capital Management: 13.47% yield The first supercharged dividend stock I'm gladly accepting outsized quarterly payments from is mortgage real estate investment trust (REIT) Annaly Capital Management (NYSE: NLY). At this time last year, IIP was contending with its first major challenge as a publiccompany: delinquencies.
Realty Income (NYSE: O) recently wrapped up its 30th year as a publiccompany. A big factor is the company's high- yielding (5.4% average last year) and steadily rising dividend (129 increases since it came public). Last year, the REIT grew its AFFO per share by 4.8%
We have relationships with some of the largest and most experienced operators in the industry, with our leased operating portfolio comprised of 89% multistate operators and 58% leased to publiccompany tenants. We also continued to fund draws for improvement allowances or construction development to our operators under our leases.
The largest driver of the increase was our wealth business with fees of 18 million, up $3.1 Excluding this item, wealth managementfees were up 1.9 The situation at Eastern happens to be -- we became a publiccompany four years ago. million linked quarter. However, this included a one-time item of 1.2
publiccompany by market cap, exceeding the market value of all other asset managers. Fee earning AUM increased 6% year over year, while base managementfees rose 7% to a record $6.5 Q4 represented the 56th consecutive quarter of year-over-year growth in base managementfees at the firm.
Our strategy of acquiring Bitcoin in a manner we believe to be accretive to shareholders, thereby achieving Bitcoin yield, sets us apart from institutional Bitcoin investment options that charge a managementfee, and we therefore achieve a negative Bitcoin yield as we measure it. But we think it's pretty clear.
With our leased operating portfolio comprised of 91% multi-state operators, and 62% leased to publiccompany tenants. million of contractually due rent interest and property managementfees that were not collected during the quarter. The decrease was partially offset by a 4.6
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