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Steve Schwarzman - 2 Blackstone - 2 Schwarzman - 2 BREIT - 2 — - 1 Jon Gray - 1 Gray - 1 prorated redemptions - 1
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Search resuls for: "BXPE"


4 mentions found


☆ Blackstone is doubling down on its efforts to woo the wealthy with 2 new funds, flying in the face of BREIT critics
  + stars: | 2024-07-18 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +5 min
AdvertisementBCRED, the firm's first credit fund for individual investors, raised $3.4 billion in this quarter, more than the $1.4 billion raised by BXPE and the $990 million raised by BREIT. AdvertisementSchwarzman combined his analysis of BREIT's success with a rosier picture of the larger macro environment in real estate. Since calling the bottom of the real estate market at the beginning of the year, Blackstone's confidence that inflation is receding has continued to increase, leading to more deployment of capital into real estate. It's also providing more possibilities to exit and realize returns on its real estate assets. The firm, which is deploying nearly $15 billion into real estate this year, according to Gray, sees sunny days ahead.
Persons: —, Steve Schwarzman, Jon Gray, Gray, Blackstone, prorated redemptions, we've, BXPE, prorating, Schwarzman, BREIT, REITs, It's Organizations: Service, Business, Blackstone Infrastructure Partners
☆ Apollo’s divergent path outshines Blackstone
  + stars: | 2023-09-28 | by ( Jonathan Guilford | ) www.reuters.com   time to read: +7 min
NEW YORK, Sept 28 (Reuters Breakingviews) - Apollo Global Management (APO.N) and Blackstone (BX.N) both emerged from private equity’s primordial swamp. That spread comprised nearly three-quarters of Apollo’s $3.1 billion in profit available to be doled out to shareholders in 2022. That turbo-charged the fees Blackstone reaps from managing funds, which contributed 59% of $6.6 billion in profit available to shareholders last year. Apollo’s earnings from its insurance business are awarded an even more meager 10 times. This doesn’t form the closed loop like that between Athene, Apollo and its various specialist lenders.
Persons: Marc Rowan, haven’t, dealmaking, Rowan, Blackstone, Steve Schwarzman, Athene, BREIT, Rich, reckons Bain, Schwarzman, Dealmaking, hasn’t, Lauren Silva Laughlin, Oliver Taslic Organizations: Reuters, Apollo Global Management, Blackstone, Apollo, Reuters Graphics Reuters, Barclays, Schwarzman, U.S . Federal, Industry, Life Insurance, Research Association, Thomson Locations: freefall, BREIT, Blackstone
☆ Meet the Blackstone execs taking on new roles across real estate, private equity, and credit as the firm shakes up leadership
  + stars: | 2023-02-01 | by ( Rebecca Ungarino | ) www.businessinsider.com   time to read: +4 min
Blackstone is making changes to its real estate, private equity, and credit leadership. Murphy will replace the longtime Blackstone executive Robert Ramsauer, who is leaving the firm after 19 years. It is also shuffling the leadership of its credit business and its real estate business that includes Blackstone Real Estate Income Trust, known as BREIT, a high-profile fund for the firm that has recently faced redemption requests. The firm's leadership changes extend to its credit business. von Zuben's shift marks the second leadership change in the credit business, a particularly competitive area for private investment firms, that Blackstone has announced this year.
☆ Blackstone may slow the launch of private equity fund after investor withdrawals, Financial Times reports
  + stars: | 2022-12-10 | by ( ) www.reuters.com   time to read: +1 min
Dec 10 (Reuters) - Blackstone Inc (BX.N) has warned of possible delays to the launch of a new private equity fund designed for wealthy individuals, as it copes with heavy investor withdrawals at two other funds in real estate and credit aimed at a similar clientele, the Financial Times reported on Saturday. The New York-based investment manager has been preparing to open a fund called the Blackstone Private Equity Strategies Fund (BXPE), the report said, adding that would become its flagship strategy for rich individuals to participate in its private equity business. The clients of Blackstone's other "retail" products expected the fund to be launched by early 2023, FT said. The asset manager earlier this month limited withdrawals from its $69 billion real estate income trust (REIT) after receiving too many redemption requests. Reporting by Lavanya Ahire in Bengaluru Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
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