Tue, Jul 26, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Blackstone posts 12% decline in economic net income, 25% increase in total AuM

Friday, February 03, 2012

Bailey McCann, Opalesque New York: US-based private equity firm Blackstone Group LP posted a 12% decline in fourth-quarter earnings yesterday. The firm cited declines in investment income and fees across most business lines as the reason for the drop. The group reported a net income of $1.39bn down slightly from $1.42bn in 2010. Overall revenue declined 16% in the fourth quarter to $915.1m.

The firm was able to increase performance fees and attract inflows from institutional investors. Currently, Blackstone has $166bn in AuM. Distributable Earnings were $697m for the full year 2011.

Fee-earning AuM increased 25% to a record $137bn at December 31, 2011, from $110bn at December 31, 2010, while total AuM increased 30% to $166bn at December 31, 2011.

According to the statement, Blackstone is actively raising capital for its real estate fund, and may create an additional real estate-focused fund if it raises in excess of $10bn.

For 2012, the private equity firm is focused on continuing to use its uninvested capital for new investments including some in Europe. The firm’s private equity group posted a 24.5% decline in forth quarter revenues to $190.0m.

Stephen A. Schwarzman, Chairman and CEO, said of the results, "Despite volatile markets and struggling economies, Blackstone had strong performance in 2011. We again reported net inflows in every one of our businesses with ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe