• Home
  • About Us
  • Contact
  • Your Account
  • Subscribe
No Result
View All Result
Wednesday, February 8, 2023
Alternatives Watch
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
  • Log In
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
  • Log In
No Result
View All Result
Alternatives Watch
No Result
View All Result

Blackstone reports Q2 private market performance losses

Susan BarretobySusan Barreto
July 21, 2022
in Investor News, Manager News, Manager News, Manager News, Open Access, Platforms, Private Credit, Private Equity, Real Estate/Infrastructure
Blackstone performance revenues soar as AUM nears $1trn

Blackstone Chairman and CEO Stephen Schwarzman by World Economic Forum/ CC BY-NC-SA 2.0

ShareTweetShareSendSend

Blackstone experienced losses across its private equity and credit portfolios last quarter, according to the $941 billion firm’s latest earnings statement.

Officials at the alternative asset giant said that its $276 billion private equity portfolio had losses of 6.7% in the corporate private equity strategy and 2.4% in tactical opportunities during the quarter.

Returns remained positive 10% and 11.2% over the last 12 months, however. As have the investor inflows with more than $68 billion flowing into the firm’s private equity funds over the last year with the firm’s ninth corporate private equity fund seeing $8.8 billion in capital commitments during the second quarter alone.

Overall, as Blackstone approaches the $1 trillion mark in assets, its fundraising momentum has continued.

“Blackstone’s flagship strategies again outperformed public markets and our investors entrusted us with $88 billion of inflows, which represented the second highest quarter of inflows in our 36-year history,” said Stephen Schwarzman, chairman and CEO of Blackstone, in a statement. “This is a testament to our long-term performance, deep client relationships, and the unmatched scale and breadth of our global investment platform.”

Liquid credit strategies also reported losses of 5.5% during the quarter, which officials said were driven by unrealized depreciation in publicly priced securities. Over the past year, the strategy is down 4.2%.

Private credit strategies were down slightly (0.1%) during the same time frame, but remain over the last 12 months with gains of 10.4%. Capital deployment continues at a brisk pace with $14.3 billion flowing into in U.S. direct lending investment.

Real estate was the firm’s top performing strategy, while the multi-manager hedge fund strategy portfolio was up slightly over the past year. Opportunistic funds declined 1.0% in the quarter and appreciated 35% over the last 12 months, Blackstone’s Core+ funds appreciated 2.3% in the quarter and 25.5% over the last year.

The real estate investment team, which currently manages $320 billion, completed the sale of The Cosmopolitan of Las Vegas, which officials have dubbed the portfolio’s most profitable single asset sale ever, as well as the recapitalization of Mileway, the largest-ever private real estate transaction globally.

Hedge fund flows remained anemic. The $80 billion portfolio, however, did hold the initial close of its second Dislocation fund at $322 million.

ShareTweetShareSendSend
Previous Post

Public pensions face funding hurdles as portfolio losses mount

Next Post

William Blair adds fintech-focused trio to the team

Related Posts

Texas Teachers adds five alts funds
Pensions

Texas Teachers adds five alts funds

Starwood REIT to trade on retail alts secondaries platform
Real Estate/Infrastructure

Starwood REIT to trade on retail alts secondaries platform

Florida ends 2022 with $594m in RE exposure
Pensions

Florida ends 2022 with $594m in RE exposure

Pretium hires GS exec for business development
Manager News

Pretium hires GS exec for business development

State Street: Private equity gathers pace despite data challenges
Investor News

State Street: Private equity gathers pace despite data challenges

Next Post
William Blair adds fintech-focused trio to the team

William Blair adds fintech-focused trio to the team

Log In/Out

Lost your password?

Search the AW Archives

No Result
View All Result

Recent News

Texas Teachers adds five alts funds

Texas Teachers adds five alts funds

Starwood REIT to trade on retail alts secondaries platform

Starwood REIT to trade on retail alts secondaries platform

Florida ends 2022 with $594m in RE exposure

Florida ends 2022 with $594m in RE exposure

Pretium hires GS exec for business development

Pretium hires GS exec for business development

Be an Alts Insider

Sign up for your FREE daily alts news briefing

Subscribe

Subscribe to AW
Alternatives Watch

© 2019-2022, All Rights Reserved  |  BMV Digital

Navigate Site

  • Hedge Funds
  • Private Equity
  • Private Credit
  • RE/Infrastructure
  • Investor News
  • Research
  • Subscribe
  • Log In

Follow Us

No Result
View All Result
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
  • Log In

© 2019-2022, All Rights Reserved  |  BMV Digital

Be an alts insider

Start your days in the know with our free newsletter

No, I don't want to be an alts insider

Thank

You!

Follow us
on LinkedIn

Lost your password?

Cookie Consent
We do not use cookies on our website other than those that are strictly necessary for the website to function. By clicking “Accept”, you consent to the use of all six strictly necessary cookies.
Do not sell my personal information.
Cookie Settings Accept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Save & Accept
Powered by CookieYes Logo