X
<

Analyzing Blackstone's Performance in 1H17

PART:
1 2 3 4 5 6 7
Part 3
Analyzing Blackstone's Performance in 1H17 PART 3 OF 7

Insights on Blackstone’s Credit Division

Marginal increase

In 1H17, Blackstone’s (BX) credit division generated total revenue of $400.9 million, compared with $373 million in 1H16. The marginal 7% rise was due to investment income and management fees.

Insights on Blackstone&#8217;s Credit Division

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

Receive e-mail alerts for new research on KKR

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.

Blackstone’s credit division reported total management fees of $240.5 million in 1H16 and $258.5 million in 1H17, reflecting a 7% rise. This increase was due to long-only credit strategies.

Additionally, the credit division generated total investment income of $13.2 million in 1H17, compared with -$0.8 million in 1H16. In 1H17, its other revenue amounted to -$14.4 million, whereas in 1H16, it was $0.4 million.

Total operating expenses

Blackstone has reported TTM (trailing-12-month) operating expenses of $3.4 billion, while other alternative asset managers (XLF) have posted the following:

  • KKR (KKR), $2.1 billion
  • Apollo Global Management (APO), $1.3 billion
  • The Carlyle Group (CG), $2.8 billion
X

Please select a profession that best describes you: