X
<

Analyzing Blackstone's Performance in 1H17

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

Understanding Blackstone’s Private Equity Division

Rise in total performance fees

Between 1H16 and 1H17, Blackstone’s (BX) private equity division’s total performance fees rose substantially, from $595 million to $246 million.

Understanding Blackstone’s Private Equity 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.

This rise was mainly due to tactical opportunities and corporate private equity funds. In 1H17, Blackstone’s private equity division saw total revenue of $1.0 billion, compared with $558 million in 1H16.

Expected earnings

Blackstone is expected to post EBITDA (earnings before interest, tax, depreciation, and amortization) of $842.2 million in 3Q17. To compare, other alternative asset managers’ (XLF) expected 3Q17 EBITDA are as follows:

  • KKR (KKR), $499.4 million
  • The Carlyle Group (CG), $157.4 million
  • Apollo Global Management (APO), $234.3 million
X

Please select a profession that best describes you: