Wed, Mar 29, 2017
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: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  3. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  4. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  5. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less