X
<

What's in Store for Alternative Asset Managers in 2H17?

PART:
1 2 3 4 5 6 7 8 9
What's in Store for Alternative Asset Managers in 2H17? PART 1 OF 9

Blackstone’s Deployments in 2Q17 Exceeded Apollo, Carlyle, and KKR

2Q17 results overview

n 2Q17, alternative asset managers (XLF) Carlyle Group (CG) and KKR & Co. (KKR) reported earnings per share (or EPS) of $0.59 and $0.89, respectively. These EPS results beat Wall Street analysts’ EPS estimates. The expected 2Q17 EPS of Carlyle and KKR stood at $0.41 and $0.67, respectively.

However, Blackstone (BX) and Apollo Global Management (APO) posted EPS of $0.59 and $0.46, respectively, which missed analysts’ estimates. Blackstone’s and Apollo’s expected EPS for 2Q17 stood at $0.62 and $0.49, respectively.

Blackstone’s Deployments in 2Q17 Exceeded Apollo, Carlyle, and KKR

Interested in APO? Don't miss the next report.

Receive e-mail alerts for new research on APO

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

Carlyle Group beat analysts’ estimates on the back of significant appreciation of 5% in the company’s carry fund portfolio in 2Q17. Carlyle Group also posted net performance fees of $299 million in 2Q17.

KKR’s 2Q17 performance income of $564 million resulted from exits implemented by the company. These exits led to the generation of realized carried interest amounting to $265 million in 2Q17.

Deployments made

Alternative asset managers have made significant deployments in 2Q17. Blackstone (BX) made deployments totaling $8.4 billion in 2Q17, which is higher than its peers. During the same period, Apollo, Carlyle, and KKR deployed $2.6 billion, $3.4 billion, and $4.9 billion, respectively.

The asset management industry is expected to witness a healthy investment environment in 2H17, which could lead to an increase in deployments by asset managers. In 2Q17, Blackstone, Apollo, Carlyle, and KKR deployed $4.2 billion, $0.7 billion, $1.4 billion, and $3.6 billion, respectively, in their private equity divisions.

X

Please select a profession that best describes you: