I have no business relationship with any company whose stock is mentioned in this article. Want to share your opinion on this article? The Blackstone Group L. Blackstone saw substantial year-over-year revenue growth driven by performance bonuses and management fees.
Blackstone advised on the merger of investment banks E. InBlackstone launched its fund of hedge funds The blackstone group, initially intended to manage investments for Blackstone senior management.
Altmananother Lehman veteran, left his position as a managing director of Shearson Lehman Brothers to join Peterson and Schwarzman at Blackstone inbut left in to join the Clinton Administration as Deputy Treasury Secretary. Also, inBlackstone partnered with the Loewen Groupthe second largest funeral home and cemetery operator in North America, to acquire funeral home and cemetery businesses.
BX announced second quarter earnings results. Blackstone was originally formed as a mergers and acquisitions advisory boutique. A second source of revenue growth came from management and advisory fees.
It therefore does appear that Blackstone did indeed earn enough money during the quarter to cover its distribution. As I mentioned in the introduction, Blackstone Group boasts a relatively high distribution yield.
Peterson and Stephen A. Also, at the time of its announcement, SunGard would be the largest buyout of a technology company in history, a distinction it would cede to the buyout of Freescale Semiconductor.
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From the outset inSchwarzman and Peterson planned to enter the private equity business, but had difficulty in raising their first fund because neither had ever led a leveraged buyout. I am not receiving compensation for it other than from Seeking Alpha.
Overall, investors should be happy with the results. To report a factual error in this article, click here. Disagree with this article? This is because these highlights provide background for the remainder of the article and serve as a framework for the resultant analysis.
These fees work much the same way as the fees charged on a mutual fund or ETF.The Blackstone Group L.P. is an American multinational private equity, alternative asset management and financial services firm based in New York City.
As the largest alternative investment firm in the world, Blackstone specializes in private equity, credit and hedge fund investment strategies. Blackstone Group is a collection of international researchers, committed to delivering the best possible solutions to our clients.
Each possesses the unique ability to provide strategic consulting, while still managing the precision and quality control necessary in marketing research.
Blackstone saw substantial year-over-year revenue growth driven by performance bonuses and management fees. The company raised a record $ billion in the trailing twelve-month period.
Blackstone. The Fool has written over articles on The Blackstone Group. Why Shares of Thomson Reuters Surged Today A multibillion-dollar deal with a private equity firm is in the works. In Novemberprivate equity funds managed by Blackstone formed a strategic partnership and made an investment with LLOG Exploration, one of the largest domestic, private oil and gas companies focused on exploration and development in.
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