Blackstone Group Inc (The)
Blackstone-Backed Firm Buys Reese Witherspoon’s Hello Sunshine Production Company
Can Blackstone Balance the Real Estate Market With $6B Housing Bet?
Medline-Blackstone Buyout Leaves a Massive Mark on Corporate Deals
Blackstone Is Attracting New Capital
The launch of innovative ideas at the right time can help Blackstone attract a good amount of new capital through its dedicated network.
Fund Flows Continue to Rise in the European Union
Fund flows in European equities (EFA) have expanded at a slower pace since 2011. Overall, they’ve grown at an average of 10% over the past three years.
Carlyle’s Realizations and Distributions Expected to Improve in 3Q
Carlyle Group (CG) is expected to see its distributable income rise in the current quarter on monetizations through the IPO process, private sales, and placements.
Blackstone, Carlyle, and KKR Saw Real Estate Growth in 3Q16
The real estate space has seen a relatively strong performance when compared to other asset classes.
Why Blackstone’s Q2 Performance Beat Estimates
The Blackstone Group (BX) reported its second quarter earnings on July 21. The company beat Wall Street analysts’ economic net income estimates of $0.39.
Why Carlyle’s 4Q16 Performance Nosedived
Carlyle Group posted economic net income of $0.02 in 4Q16 on February 8, which was lower than the analyst estimate of $0.41.
Emerging Market Equities See Valuations Rise on Fundamentals
Valuations rose by 3.10% in the week ended September 11, 2015. The rise was mainly due to buying in India’s equities on higher industrial production and low inflation.
How Will Carlyle Group Perform in 3Q16?
Carlyle expects EPS of $0.44 in 3Q16. For the full year, analysts have revised earnings expectations up to $1.44 with an implied price-to-earnings of 10.8x.
Weaker Markets Continue to Affect Carlyle’s Realizations
Carlyle Group (CG) reported distributable earnings of $129 million in fiscal 1Q16, 13% lower than in 1Q15.
KKR Saw Declining Valuations in 3Q15
Returns to shareholders KKR & Co. L.P. (KKR) reported an economic net loss of $286 million for the third quarter of 2015. The company’s earnings decreased on a decline in the value of its holdings due to a market rout in 3Q15. KKR’s distributable earnings declined to $349 million, or $0.35 per unit, in 3Q15. The […]
Why Alternative Asset Managers Rebounded in 2016
Alternative asset managers such as Blackstone Group (BX), KKR (KKR), and Carlyle Group (CG) have rebounded sharply over the past three months.
Blackstone’s Performance Stands Out among Managers in 4Q16
The Blackstone Group (BX), the world’s largest alternative asset manager, posted an economic net income (or ENI) of $0.68 in 4Q16, higher than analysts’ estimate of $0.64.
Berkshire’s Energy Business Rises on Rates and Utilities in 3Q
BHE’s earnings before taxes rose to $1,246 million in 3Q16 as compared to $1,153 million during the same quarter last year.
Blackstone and KKR Raise Funds amid Volatility and Prospects
Equities and broader markets rebounded in 2H16. The global economic outlook has now become relatively more stable for 2017.
Unchanged Interest Rate Impacts US Equities Valuations
Valuations rose 0.03% in the week ended September 18, 2015. They were revised mainly due to higher retail sales, more building permits, lower unemployment rate, and unchanged interest rates.
Blackstone to Acquire Minor Stake in Rockpoint
On March 13, 2018, the Blackstone Group (BX) announced that it is acquiring a minority equity stake in Rockpoint, a private equity giant.
Blackstone’s Real Estate Growth in Europe and Asia in 2017
The Blackstone Group (BX) garnered realizations of $3.5 billion in 4Q16, reflecting a year-over-year rise in improved valuations.
Berkshire Hathaway’s BHE Benefits from Power Stations in 2Q16
BHE’s earnings before taxes rose to $666 million in 2Q16, as compared to $649 million during the same quarter last year.
Why Alternatives Aren’t Expected to Have Premium Returns
Alternatives expect weak performance in the second quarter of 2016 on weak performance of various asset classes.
Prospect Capital Plans to Raise Capital through Spin-Offs
Prospect Capital (PSEC) is targeting spin-offs in order to raise capital to be redeployed in asset classes yielding higher returns.
KKR Realized Performance, Investment Income Declined in 1Q16
In 1Q16, KKR & Co. (KKR) saw its distributable earnings decline on lower bookings. The company made realized performance income of $99 million compared to $308 million in 1Q15.
Carlyle’s Portfolio Appreciated on These
Carlyle managed 5% appreciation in portfolio valuation in 4Q16 and 12% in fiscal 2016, reflecting an improved YoY performance.
Dimensional Fund Advisors’ Major Holdings in Q3
Dimensional Fund Advisors’ top buys are Apple (AAPL), AT&T (T), Microsoft (MSFT), L3Harris Technologies (LHX), and Verizon Communications (VZ).
Prospect’s Valuation Discount Consistent on Lower Originations
Prospect Capital’s (PSEC) stock has fallen ~3% in the past quarter, and it has risen ~11% in the past year. The company is currently trading 7% lower than its 52-week high.
Allianz Reports 11% Revenue Growth Backed by Insurance Business
Allianz Group offer property casualty insurance, life and health insurance, and asset management products and services in over 70 countries. The company’s major operations are in Europe.
KKR Achieves Higher Realization on Improved Activity in 2Q16
In 2Q16, KKR & Co. (KKR) saw its distributable earnings surge on exit activity in the private equity space. The company made realized performance income of $310 million compared to $258 million in 2Q15.
Carlyle Group’s Private Equity Portfolio Has Risen in 1Q16
Carlyle’s total carry fund valuations rose by 2% in 4Q15, led by a recovery in the valuations of private equity funds.
KKR Expected to See Subdued Realized and Investment Performance
In 1Q16, KKR & Co. (KKR) saw its distributable earnings decline due to lower bookings. The company had a realized performance income of $99 million.
How Did KKR’s Distributions Look in 4Q16?
KKR & Company (KKR) has managed higher realizations over the past few quarters as reflected in its higher distributions to limited partners or investors.
Housing starts dampened by wet weather in the Midwest
Housing starts are a critical predictor of future home builder sales Housing starts are released jointly by the Census Bureau and the Department of Housing and Urban Development. Analysts use the information to anticipate future production for home builders, future demand for raw materials, and labor costs. This data will even affect the forecasts for […]
Carlyle’s Portfolio Could Continue on a Subdued Trajectory in 2Q16
Carlyle’s performance is directly impacted by the global macroeconomic environment as well as financial conditions in and outside of the United States.
Bank of America’s Asset Management Depends on This
BAC was managing ~$2.59 trillion on March 31, 2017, in client balances, which represents a growth of 5% on a YoY basis.
US Equities’ Valuations Decline on Global Data: Week Ending June 5
Currently, US equities (SPY) are trading at 17.7x on a one-year forward earnings basis. Valuations decreased by 0.78% in the week ending June 5, 2015.
Carlyle Group Reports Strong Operating Performance in 1Q15
Carlyle Group (CG) reported its 1Q15 earnings on April 29. The company managed to beat Wall Street analysts’ EPS estimates of $0.70—its EPS was $0.80.
Blackstone Hedge Funds Outperform Relatively, Expand Assets
Hedge funds performed dismally during the third quarter on lower volatility and geopolitical risks. Alternative managers saw valuations fall.
Why Carlyle Group Lost Premium in Its Valuations
Carlyle Group’s (CG) stock has fallen ~11% over the past six months on falling holdings valuations due to the global slowdown.
Oil Prices: Have They Impacted Blackstone’s Earnings?
Blackstone offloaded much of its exposure to oil prices in 2013 and 2014. Less than a quarter of the company’s energy exposure is impacted by oil prices.
Analyst Ratings on Blackstone Have Stayed Steady
Asset managers have been negatively affected in 1H 2018 by the unsupportive global environment.
Blackstone’s Plans for Real Estate Investments
Blackstone has one of the most innovative real estate funds in the world. Its funds have outperformed compared to other real estate investment companies.
Blackstone’s 2Q15 Earnings Miss Estimates
Blackstone reported its 2Q15 earnings on July 16. The company missed Wall Street analysts’ economic net income (or ENI) estimates of $0.44, with a posted ENI of $0.43.
Inside Carlyle’s Bottomed-Out Valuations in 1Q16
Carlyle’s stock has fallen by ~46% over the past year on the declining valuations of its holdings due to the global slowdown and struggling energy markets.
Blackstone’s Private Equity Division Delivers in the First Quarter
Private equity has been Blackstone’s core business, and it contributes almost half of its total profitability. The division recorded 139% growth.
Berkshire Hathaway Energy Is Resilient Toward Falling Oil Prices
Berkshire Hathaway (BRK-B) manages its energy businesses through BHE (Berkshire Hathaway Energy), in which it owns an 89.9% stake.
The many players in alternative asset management
Some players are present across the spectrum of alternative assets, but most alternative asset managers are present only in a particular asset area.
The relative share of the alternative asset management space
Alternative assets account for about 10% of the total global asset management industry that’s valued at $63.9 trillion. Private equity contributes most.
What’s behind Berkshire Hathaway’s 1Q18 Losses?
Berkshire Hathaway announced its 1Q18 results on May 5. Buffett’s investment conglomerate posted a net loss of $1.1 billion, or $692 per share.
When Can Disney Resume Its Share Buyback Program?
Disney has suspended its share repurchase program temporarily due to its heavy debt load.
Disney-Fox Deal Gets Regulatory Nods from Mexico and Brazil
On March 11, Disney received antitrust approval from Mexico’s telecom regulators for its purchase of the assets of 21st Century Fox.
How Amazon Could Gain from Stake in YES Network
On March 8, Amazon (AMZN) along with Blackstone (BX) and Sinclair Broadcast Group (SBGI) agreed to partner with the New York Yankees to buy Walt Disney’s (DIS) 80% stake in YES network for about $3.5 billion.
Is Amazon Close to Deal to Buy Disney’s YES Network?
Disney is trying to sell its 80% stake in YES and other regional sports networks to get approval from the US DOJ to acquire Fox’s entertainment and media assets.
Investing and Lending Segment to Boost Goldman Sachs’ Revenues
In the second quarter, Goldman Sachs’ assets under management increased by $15.0 billion to $1.5 trillion.
Could Investor Interest in Alternatives Change Analysts’ Ratings?
Apollo Group Management has “strong buy” ratings from the five of the 15 analysts covering the stock in July.
KKR Posts Q2 2018 Results: AUM Rises Sequentially
KKR & Co. (KKR) reported its second-quarter earnings on July 26. Its EPS was $0.49, which beat analysts’ expectation of $0.45.
Here’s What Led to Apollo Global Management’s Premium Valuation
Apollo Global Management’s (APO) PE ratio is 13.29x on an NTM (next-12-month) basis.
Apollo Global: How Investor Interest in Real Estate Could Help
In H2 2018, Apollo Global Management’s (APO) real estate business could see a negative impact due to expectations of interest rate hikes.
How Monetary Policy Could Impact Apollo’s Credit Segment
The credit segment of Apollo Global Management generated management fees of $183 million in the first quarter, which reflects a rise of 15.6% YoY.
Can Apollo Global Management’s Q2 2018 Impress Investors?
On August 2, Apollo Global Management (APO) is expected to report its second-quarter results. It’s expected to report EPS of $0.54.
How Berkshire Could Make Use of Excess Liquidity
Berkshire Hathaway’s (BRK.B) liquidity of over $115 billion is rising at a faster pace owing to strong cash flow generation.
Investors Await Berkshire Hathaway’s Next Acquisition in 2018
Berkshire Hathaway (BRK.B) had liquidity of $118 billion at the end of the first quarter.
Can the US-China Trade Battle Impact Blackstone’s Q2 2018?
On July 19, The Blackstone Group (BX) is expected to report its Q2 2018 earnings. Analysts expect EPS of $0.74, a YoY rise of 25.4%.
How Blackstone’s Valuations Compare to Peers
The Blackstone Group (BX) has a price-to-earnings ratio of 10.40x on an NTM (next-12-month) basis, while the peer average is 10.17x.
Here’s What Could Affect Blackstone’s Real Estate Segment
The real estate segment of Blackstone Group (BX) garnered total revenues of $641 million in the first quarter, a decline of 17% on a YoY (year-over-year) basis.
What Could Impact Blackstone’s Private Equity Business?
In the first quarter, Blackstone Group’s (BX) private equity division garnered total revenues of $681.1 million, a substantial rise on a YoY basis.
What’s Expected for Carlyle’s Global Credit Platform
In Q1 2018, The Carlyle Group’s (CG) global credit AUM (assets under management) rose 15% YoY (year-over-year) to $33.8 billion due to foreign exchange translation and fundraising offset by realizations.
What 2018 Could Hold for Carlyle’s Corporate Private Equity Unit
The Carlyle Group’s (CG) corporate private equity segment saw fundraising of $3.9 billion in the first quarter, compared with $0.2 billion in Q1 2017.
Can Trade Wars Slow Down the Fed’s Rate Hikes?
Global central bankers have expressed concern about an expected slowdown in the global economy on the back of trade wars.
What to Expect from Apollo’s Private Equity Segment
Apollo Global Management’s (APO) Private Equity segment ended the first quarter with total AUM (assets under management) of $69 billion.
How Will Berkshire Deploy Its Cash Pile of over $100 Billion?
Berkshire Hathaway (BRK.B) was sitting on liquidity of $118 billion at the end of the first quarter.
Can Banks Recover in Q2 2018 on Earnings Expectations?
Banks and the financial sector continue to underperform the broader markets, mainly due to subdued returns on financial holdings.
A Look at Apollo’s Private Equity Segment
On May 3, Apollo Global Management (APO) released its earnings report for 1Q18.
Carlyle Group’s 1Q18 Results Beat Expectations
The Carlyle Group (CG) reported its earnings for 1Q18 this morning. Here’s what you need to know!
How Analysts Are Viewing Blackstone
Blackstone (BX) is covered by 14 analysts in March 2018. Seven of them are recommending a “strong buy” for the stock, and six are rating it a “buy.”
Blackstone Group: Are Higher Prices for Acquisitions Justified?
A representative of the Blackstone Group (BX) believes that paying higher prices for acquisitions is justified.
Blackstone Infrastructure Partners Has Hired Wallace Henderson
Blackstone (BX) Infrastructure Partners has hired Wallace Henderson, who will be its senior managing director.
Celanese and Blackstone End Their Joint Venture
On March 19, 2018, Celanese (CE) announced that it called off the joint venture with Blackstone (BX) to form a new acetate tow supplier.
What’s Expected of KKR’s Private Equity Segment in 1Q18?
KKR & Company’s (KKR) Private Markets segment generated net management, monitoring, and transaction fees of $724.6 million in 2017.
How Can Blackstone Revive Its Discounted Valuations?
The Blackstone Group (BX) has a PE (price-to-earnings) ratio of 11.18x on a next-12-month basis.
Blackstone Buys a Majority Stake in Financial and Risk Business
The consortium managed by the Blackstone Group (BX) recently made an announcement regarding a partnership with Thomson Reuters (TRI).
Celanese Gives Key Updates on Joint Venture with Blackstone
Celanese stock rose 2.9% to close at $111.34 for the week ended January 12, 2018.
How Analysts View Blackstone
The Blackstone Group (BX) is being tracked by 14 analysts in December 2017. Six have given it “strong buy” ratings, two have suggested “hold” ratings, and six have recommended “buys.”
Behind Blackstone’s Hedge Fund Solutions Division
The Blackstone Group’s (BX) hedge fund solutions division generated total revenue of $573.3 million in the first nine months of 2017.
Analyzing the Blackstone Group’s Real Estate Division
The Blackstone Group’s real estate division garnered total revenue of $2.4 billion in the first three quarters of 2017, compared to $1.5 billion in the same period of 2016.
Blackstone’s Private Equity Division Saw a Strong Performance
The Blackstone Group’s (BX) private equity division posted total revenue of $1.4 billion in the first nine months of 2017, compared to $895.3 million in the first nine months of 2016.
Which Alternative Asset Manager Has Higher Valuations?
Blackstone Group (BX) has a forward PE (price-to-earnings) ratio of ~10.6x—the highest among major peers in the alternative asset management industry.
Carlyle Group’s Corporate Private Equity Division
In 3Q17, the Carlyle Group’s (CG) Corporate Private Equity division saw a marginal decline in distributable earnings, from $209 million in 3Q16 to $207 million in 3Q17.
A Look at Blackstone’s Assets Under Management
Strong inflows In 3Q17, The Blackstone Group’s (BX) total AUM (assets under management) rose 7% YoY (year-over-year) to $387.4 billion due to strong inflows. Of the total AUM, private equity AUM and credit AUM amounted to $102.5 billion and $99.5 billion, respectively. The real estate and hedge fund solution divisions had AUM of $111.3 billion and $74.2 billion. […]
JPMorgan Chase’s Asset Management Business Garners More Assets in 3Q17
In 3Q17, JPMorgan Chase’s Asset Management division managed net income of $674.0 million, up 21% on a year-over-year basis.
Berkshire Hathaway’s Valuation Premium High amid Stable Earnings
As of September 2017, Berkshire Hathaway (BRK.B) stock has risen 1.5% in the past month and 25.7% in the past year.
Berkshire Hathaway’s Repurchases Could Rise on More Cash Reserves
Berkshire Hathaway (BRK.B) continues to follow the policy of no dividends and share splits. The company has only recently engaged in the repurchases of its stock.
Could Services Revenues Rebound for Berkshire Hathaway in 2H17?
Berkshire Hathaway’s (BRK.B) services and retail divisions generate revenues from financial services, electronics, jet services, housing finance, media, and logistics.
What Were Tiger Management’s Largest Holdings in 2Q17?
Tiger Management’s top five holdings are Celgene (CELG), Blackstone Group (BX), Alibaba Group Holdings (BABA), Boston Scientific (BSX), and Alphabet (GOOG).
Assets under Management of Alternative Asset Managers
On June 30, 2016, Carlyle Group (CG) reported total assets under management (or AUM) of $175.6 billion.
Inside Berkshire’s Dividend and Capital Returns Policies and Future Managers
Berkshire Hathaway (BRK.B) has stuck to Warren Buffett’s policy of no dividends or repurchases since the beginning of its operations.
US Banks Could See Subdued Asset Management Growth in 2H17
Bank of America’s (BAC) Global Wealth and Investment division posted net income of $804.0 million in 2Q17, up 14.0% on a year-over-year basis.
How Wall Street Analysts View Alternative Asset Managers
Six of 14 analysts currently covering Blackstone stock gave “strong buy” ratings. Six analysts gave “buy” ratings, and the remaining two analysts gave “hold” ratings.
What Led to the Expansion of Berkshire Services Segment in 2Q17?
Berkshire Hathaway’s (BRK.B) Services and Retail division managed to post growth of 8% and revenues to $6.55 billion in 2Q17 compared to $6.39 billion in the prior year.
KKR to Benefit from Acquisition of USI Insurance Services
In May 2017, KKR & Company (KKR) and CDPQ completed their acquisition of USI Insurance Services.