Insights on Blackstone’s Credit Division
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.
Interested in KKR? Don't miss the next report.
Receive e-mail alerts for new research on KKR
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: